The Real Deal New York

Posts Tagged ‘affordable housing’

  • Jim-Vlock-Building-Project_Yale-School-of-Architecture_house_New-Haven_USA_dezeen_936_2

    Yale’s Jim Vlock Building Project

    Graduate students at the Yale School of Architecture have unveiled contemporary, wooden home that they claim could be a solution for low-income neighborhoods. [more]

  • BilldeBlasioRubenDiazJr

    From left: Bill de Blasio and Ruben Diaz Jr.

    The Bronx Borough Board this week shot down two controversial zoning plans designed to spur the development of affordable housing, citing fears that accelerating gentrification will force out local residents.

    In a 19-0 vote, the board opposed Mayor Bill de Blasio’s plans, which are a key component of the administration’s goal of creating and preserving 200,000 affordable units by 2024. [more]

  • A rendering of Livonia Commons in East New York (credit: L+ M Partners)

    A rendering of Livonia Commons in East New York (credit: L+ M Partners)

    The second phase of the city’s Livonia Commons affordable project is kicking into gear, with permit applications filed for four East New York buildings to contain a total of 292 rental units.

    The Department of Housing Preservation & Development filed plans Wednesday for the affordable buildings, all of which will be seven stories, at 463, 487 and 500 Livonia Avenue and 453 Hinsdale Street. [more]

  • Carl Weisbrod Bill de Blasio

    From left: Carl Weisbrod and Bill de Blasio

    A Queens community board has rejected the city’s proposals to create more affordable housing in the borough through two zoning changes, citing concerns that the plan would strain public services like schools and subways.

    Queens Community Board 2 shot down two citywide zoning text amendments – Zoning for Quality and Affordability, and Mandatory Inclusionary Housing – proposed by the Department of City Planning to create more affordable units. [more]

  • 3084 Webster Avenue Bronx

    3084 Webster Avenue in the Bronx (inset: Mark Stagg)

    Prolific Bronx development firm Stagg Group filed plans Wednesday for a 116-unit residential project in the borough’s Norwood section. [more]

  • Mayor Bill de Blasio

    Mayor Bill de Blasio

    Mayor Bill de Blasio took a shot at developers at his first town hall meeting Wednesday, defending his administration’s housing and rent protection policies in the face of tough questions from activists and community group representatives.

    “Let’s face it — it used to be that the market controlled everything and the developers called the tune, and their vision is what dominated our neighborhoods. Well, we’re changing that,” de Blasio said.

    The Mayor defended the use of private-public partnership programs, such as his mandatory inclusionary zoning initiative, which requires developers to build affordable housing units if their projects benefit from rezonings. [more]


    From left: Stephen Coyle and Scott Stringer

    A housing investment firm tied to the AFL-CIO will announce this week a $1 billion commitment to financing 20,000 affordable housing units in the city over the next seven years, with all of the projects using union labor.

    The AFL-CIO Housing Investment Trust expects the commitment to finance the creation of 5,000 to 7,500 affordable units, as well as the preservation of between 12,500 to 15,000 existing affordable apartments, over the next five to seven years. [more]

  • 1

    413 East 120th Street in East Harlem

    The city submitted plans on Tuesday to build 179 units of affordable housing on a former East Harlem school site, according to a permit application filed with the city’s Department of Buildings Tuesday.

    The 12-story property at 413 East 120th Street will include apartments for low-income families, as well as retail space and a community facility, the filing shows. Magnusson Architecture and Planning’s Christine Hunter, the architect of record, said that the project’s developer is the Bronx-based Acacia Network. [more]

  • Bill de Blasio Vicky Been

    From left: Bill de Blasio and Vicky Been

    As Mayor Bill de Blasio struggles to push through his mandatory inclusionary zoning plan, that program’s voluntary cousin is producing an unprecedented quantity of affordable housing.

    The city’s voluntary inclusionary housing program, which incentivizes developers to build affordable units by allowing them to build more total units, has produced a bumper crop of new apartments — just over 3,031 in Fiscal Year 2015. [more]

  • Zachary Carter Bill de Blasio

    From left: Zachary Carter and Bill de Blasio

    Is it discrimination to reserve 50 percent of new affordable housing units for local residents? The de Blasio administration thinks not.

    The city filed a motion in U.S. District Court to dismiss a lawsuit that seeks to end community preference, which argues the practice excludes African-American and Latino resident and reinforces de facto segregation. [more]

  • East New York rezoning

    From left: Mayor Bill de Blasio and East New York homes

    Mayor Bill De Blasio pitched rezoning plans to churchgoers in East New York on Sunday, the latest in his efforts to promote redevelopment plans for the neighborhood.

    The mayor spoke at St. Rita’s Roman Catholic Church about proposed rezoning plans that seek to transform East New York. [more]

  • Overcrowding in NYC homes soars: report

    October 05, 2015 05:30PM
    NYC overcrowding

    (credit: Office of the New York City Comptroller)

    It may seem obvious to some New Yorkers who cram their lives into tiny one-bedrooms, but according to a new report by the city comptroller’s office, homes in all five boroughs are facing a troubling phenomenon: They are getting more crowded.

    “Hidden Households,” a report by city Comptroller Scott Stringer, shows a spike in severely crowded homes, with a 44.8 percent increase citywide from 2005 to 2013. More than 1.4 million New Yorkers lived in a crowded or severely crowded dwelling in 2013, according to the report. [more]

  • Bill de Blasio Vicki Been

    From left: Bill de Blasio and Vicki Been

    Developers who applied to build hundreds of affordable housing units in Manhattan and Brooklyn through the city’s Inclusionary Housing Program in the last 15 months have completely ignored Queens, according to city records.

    Out of 58 applications the city received for the program from January 2014 through March 26 of this year, 30 were for projects in Brooklyn, 26 were in Manhattan and two were for the Bronx, according to Department of Housing Preservation and Development data. [more]

  • Margaret Chin Elizabeth Street Park

    From left: Margaret Chin and the Elizabeth Street Park in Nolita

    Oh Nolita, how does your garden grow? A fight over the redevelopment of the Elizabeth Street Garden is dividing do-gooders.

    Residents of the neighborhood, organized as Friends of Elizabeth Street Garden, are pushing back against Council member Margaret Chin’s plan to build affordable housing at the site, between Mott Street and Elizabeth Street. [more]

  • Rental towers in Long Island City

    Rental towers in Long Island City

    Middle-income rental buildings are all the rage these days among some of the country’s biggest real estate investors. Take the Blackstone Group, which recently dished out $700 million for the Caiola family’s Manhattan portfolio, or the Related Cos. stealth acquisitions of multifamily properties in Brooklyn and the Bronx. On Monday, Barry Sternlicht’s Starwood Waypoint Residential Trust merged with Colony Homes in another giant bet on the rental market. Why are these investors so gaga over rentals? [more]

  • De Blasio’s zoning push kicks off

    September 21, 2015 08:32AM
    From left: Bill de Blasio and Inez Barron

    From left: Bill de Blasio and Inez Barron

    Mayor Bill de Blasio’s effort to rezone away the city’s affordable housing problems is finally under way.

    Three zoning proposals will hit the Department of City Planning’s docket Monday afternoon: the rezoning of East New York, along with new rules governing “Mandatory Inclusionary Housing” and “Zoning for Quality and Affordability.” [more]

  • IBO map

    Share of rent-regulated units that rent at a preferential rate (source: IBO)

    In neighborhoods like Greenwich Village or the Upper East Side, rent regulation is the only thing keeping low-income families from getting swept out by the tide of monied demand. But in many other parts of New York, it’s barely necessary and landlords actually charge less than regulations allow. [more]

  • John Banks

    John Banks

    Advocates look to landmarking to protect the city’s affordable housing stock. The Real Estate Board of New York isn’t buying it, but preservations are pushing back in turn.

    A new REBNY report released Monday stated that from 2007 to 2014, buildings in landmarked districts saw 23 percent of their 44,430 rent-stabilized apartments go market-rate, compared to only 5 percent of the 821,250 regulated units in non-landmarked areas. [more]

  • Holmes Towers on the Upper East Side (inset: Bill de Blasio and )

    Holmes Towers on the Upper East Side (inset: Bill de Blasio and NYCHA’s Shola Olatoye)

    Like Michael Bloomberg before him, Mayor Bill de Blasio is facing a public backlash against plans to privately develop mixed-income housing on New York City Housing Authority land.  [more]

  • From left:

    From left: NYCHA’s Shola Olatoye, Wyckoff Gardens in Boerum Hill and Holmes Towers on the Upper East Side

    Private development on public land: It’s happening. [more]