The Real Deal New York

Posts Tagged ‘affordable housing’

  • Work at Hudson Yards, where Related hired a nonunion contractor to oversee construction

    Work at Hudson Yards, where Related hired a nonunion contractor to oversee construction

    A decade ago, the Building and Construction Trades Councils did not have a lot of interest in working on New York City affordable housing projects. Developers found little reason to pay higher union wages to construct housing units at below-market prices, and the unions were likewise more keen on higher-paying luxury residential projects and commercial high-rises.

    But now, as the building trades have suffered a loss of membership, lost market share and seen their influence in the construction sector wane, union interest in the affordable sector is growing. And the de Blasio administration is pushing for their involvement. [more]

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  • (Credit: DNAinfo/Nigel Chiwaya)

    Around 4,000 new units of affordable housing are slated to come available in New York City as part of a $350 million fund geared toward rehabbing apartment buildings throughout the state. And of the 500 apartments spread among 27 buildings that are the first to be renovated, the majority are concentrated in Brooklyn and the Bronx. [more]

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  • 1133 Manhattan Avenue in Greenpoint

    1133 Manhattan Avenue in Greenpoint

    You might have a better chance winning the lottery. [more]

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  • From left: Bill de Blasio and Gary Lbarbera

    From left: Bill de Blasio and Gary Labarbera

    New York City construction unions have struck an agreement with housing advocates to support a plan that would see some hardhats paid significantly less for working on affordable housing projects.

    The move puts pressure on Mayor Bill de Blasio to require developers to hire organized labor as the city moves toward its goal of building 80,000 affordable units over the next decade. Policy makers, developers and housing advocates have traditionally aligned against unions because lower labor costs tend to yield more units. [more]

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  • Mayor Bill de Blasio

    Mayor Bill de Blasio

    The city is looking for firms that can help determine which neighborhoods would qualify for mandatory inclusionary zoning and where it would encourage more development.

    The Housing Development Corp. is widening its search and extending the deadline to August 28 for firms who can help with this. Mandatory inclusionary zoning — a policy that would require affordable units as part of new high-rises in areas that have been rezoned for taller buildings – is a major part of Mayor Bill de Blasio’s plan to build and preserve affordable housing over the coming 10 years. [more]

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  • From left: Steven Spinola and Margaret Chin

    From left: Steven Spinola and Margaret Chin

    The Real Estate Board of New York has flagged nine pieces of legislation introduced by the City Council that the industry group claims are counterproductive to Mayor Bill de Blasio’s much-publicized affordable housing plan.

    Among the nine pieces of legislation are proposals to limit after-hours construction, prohibit owners of buildings with multiple violations from receiving permits and requiring all hotel development plans – even those that are as of right – to go before the local community board for review. [more]

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  • Brooklyn Borough President Eric Adams

    Brooklyn Borough President Eric Adams

    Unused development rights for a juvenile court facility in Brownsville may yield more than 100 units of affordable housing elsewhere in the neighborhood, should Borough President Eric Adams get his way.

    The mayor’s Office of the Criminal Justice Coordinator and the Department of Citywide Services approved an application to situate the Brownsville Community Justice Center in a city-operated building in April. But following the local community board approval in June, Adams noticed that 133,000 square feet of unused development rights were attached to the property — enough to build at least 130 affordable apartments. [more]

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  • From left: Joseph Conley and Sunnyside

    From left: Joseph Conley and Sunnyside, Queens

    Queens leaders are angling for Mayor Bill de Blasio to include several of the borough’s neighborhoods in the administration’s plan to build and preserve 200,000 affordable housing units, saying that rent in places such as Long Island City, Sunnyside and Woodside has become too expensive. [more]

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  • bloomberg-glen

    Michael Bloomberg and Alicia Glen

    The Bill de Blasio administration claims that, in the first six months of this year, 8,700 units of affordable housing received financing. The previous administration, however, had already counted those apartments as the last installment payment affiliated with the 2005 plan to construct 165,000 affordable-housing units in the city, according to Crain’s.

    Then-Mayor Michael Bloomberg vowed he would meet the goal by June 30, the end of the 2014 fiscal year. [more]

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  • 66 Rockwell Place

    66 Rockwell Place in Brooklyn

    The developer of a residential highrise in Brooklyn is running into a problem few expected: It cannot find enough tenants for affordable units. [more]

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  • From left: Scott Stringer and Bill de Blasio

    From left: Scott Stringer and Bill de Blasio

    Mayor Bill de Blasio and Comptroller Scott Stringer will establish a $350 million fund to support affordable housing.

    The proposal is seen as a step forward in the mayor’s plan to create and preserve 200,000 affordable units over the coming decade. [more]

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  • From left: Bill de Blasio and Franklin Avenue in East New York

    From left: Bill de Blasio and Franklin Avenue in East New York

    Mayor Bill de Blasio’s plan to transform East New York — and thus establish a “template” for his administration’s affordable housing plan — could face some challenges. [more]

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  • Homes in East New York

    Homes in East New York

    A square mile section of Cypress Hills, a northeastern subsection of Brooklyn’s East New York neighborhood, is set to house the first 15 sites of Mayor Bill de Blasio’s $41 billion affordable housing plan. But residents of the area, one of the poorest in the city, likely won’t be able to swing the cost of these “affordable” units.

    The median income in the district is around $32,000 per year, and the median rent of the planned affordable units citywide is to be between $1,050 and $1,670, Shai Lauros, director of community development for the Cypress Hills Local Development corporation, told Gothamist. [more]

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  • New York City flood zones

    New York City flood zones

    New building requirements that protect against flooding have put landlords of public and regulated multifamily buildings in a catch-22 situation, according to a new report from the NYU Furman Center.

    New flood insurance rates imposed in the wake of Superstorm Sandy leave landlords with a tough choice: pay higher insurance premiums or embark on costly retrofits that would lower those premiums, the New York Observer reported. The dilemma affects 1,500 buildings with 90,000 units of public, subsidized or rent-stabilized housing. The report concludes that the only viable choice for many landlords is to make them market rate. [more]

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  • 20140718_flushing_lirr

    Flushing Main Street LIRR Station

    The Department of Housing Preservation and Development has put out a request for proposals for a downtown Flushing residential development that would include affordable units and be built on a municipal lot.

    Municipal Lot 3, which currently functions as a parking lot, is located on 41st Street between Main Street and College Point Boulevard, near the Long Island Rail Road Station. The agency is considering proposals for mixed-income housing with either half of the stock set aside for two-bedroom apartments or 40 percent reserved for family-sized units, the TimesLedger reported. [more]

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  • From left: Rendering of CAMBA Gardens Phase II at  560 Winthrop Street, Brooklyn and Stuyvesant Town

    From left: Rendering of CAMBA Gardens Phase II at 560 Winthrop Street, Brooklyn and Stuyvesant Town

    As the de Blasio administration rounds the six-month mark, more than 8,700 units of affordable housing have already been financed. [more]

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  • Program’s first efforts will focus on restoring affordable housing damaged by Superstorm Sandy in Far Rockaway, Queens

    Program’s first efforts will focus on restoring affordable housing damaged by Superstorm Sandy in Far Rockaway

    The Obama administration’s Home Affordable Modification Program, which relieves homeowners at risk of foreclosure, is being extended for an additional year. [more]

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  • Atlantic Yards rendering (Credit: SHoP) and Bruce Ratner

    Atlantic Yards rendering (Credit: SHoP) and Bruce Ratner

    Forest City Ratner signed a formal agreement with the state to accelerate the pace of affordable housing construction around his Atlantic Yards project in Downtown Brooklyn. [more]

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  • From left: Dan Garodnick, Brooklyn Navy Yard and Bill de Blasio

    From left: Dan Garodnick, Brooklyn Navy Yard and Bill de Blasio

    Elected officials, academics and community advocates asked Mayor Bill de Blasio to commit to creating 50,000 manufacturing jobs in the next 10 years. [more]

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  • From left: Gary Barnett, 229 Cherry Street sketch and demolished Pathmark

    From left: Gary Barnett, 229 Cherry Street sketch and demolished Pathmark

    Extell Development’s Lower East Side project has come under fire for promoting what some residents call “economic segregation.” [more]

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