The Real Deal New York

Posts Tagged ‘affordable housing’

  • 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]

  • Fast food workers protesting in Midtown Manhattan in November 2012 (credit: Labornotes)

    Fast food workers protesting in Midtown Manhattan in November 2012 (credit: Labornotes)

    As New York City struggles with a reported spike in homelessness, here’s a statistic to keep in mind: exactly zero neighborhoods in the five boroughs are affordable for people making minimum wage, according to a new report by listings site StreetEasy. [more]

  • From left: Mayor Bill de Blasio and Spring Creek Park in East New York

    From left: Mayor Bill de Blasio and Spring Creek Park in East New York

    It doesn’t matter if a unit is affordable if it doesn’t exist. [more]

  • From left: BAM South at 286 Ashland Place, and 551 Waverly Street with Beigel’s challah

    Mayor Bill de Blasio’s affordable housing push continues to mark modest victories. [more]

  • Bill de Blasio

    Mayor Bill de Blasio

    Mayor Bill de Blasio defended his administration’s proposal to build market rate housing on public land, fending off accusations that it closely resembles a Bloomberg-era plan that was defeated in the face of a public housing tenant revolt.

    At a press conference, the mayor emphasized the greater focus on affordable housing in his plan to build on New York City Housing Authority land. [more]

  • From left: Donald Trump and Bill de Blasio

    From left: Donald Trump and Bill de Blasio

    Mayor Bill de Blasio is taking Donald Trump’s presidential run seriously, but he has some harsh words for the developer-turned-Republican front-runner. Trump “is literally trying to undermine fundamental constitutional rights,” de Blasio said Wednesday morning on the Brian Lehrer Show on WNYC. He was referring to Donald Trump’s plan to deport undocumented immigrants en-masse. [more]

  • Alicia Glen Bill de Blasio Vicki Been

    From left: Alicia Glen, Bill de Blasio and Vicki Been

    Stakeholders are split over Mayor Bill de Blasio’s most recent affordable housing proposal, which was unveiled last week and would tie rezonings to mandatory affordable housing requirements. [more]

  • citypoint

    Rendering of City Point in Downtown Brooklyn

    A Brooklyn apartment tower is giving new meaning to the concept “affordable.”

    A lottery for available units at City Point 1 in Downtown Brooklyn opened last week. Three quarters of the building’s 200 units will be reserved for those making up to 165 percent of the median income in the area or $142,395 annually for a family of four, according to DNAinfo. [more]

  • de blasio housing

    Mayor Bill de Blasio at the announcement of his affordable housing plan last year

    For developers looking for a rezoning for their new residential projects, affordable housing may no longer be optional.

    Mayor Bill de Blasio is adding a mandatory inclusionary zoning provision to his affordable housing plan, according to Capital New York. Under the new plan, developers would have to set a quarter of the units aside for affordable apartments in return for city approval for a rezoning. On average, such units would be rented to families earning 60 percent of the area’s median income, which currently amounts to $46,620 for a family of three. [more]

  • 13-19 West 106th Street on the Upper West Side

    13-19 West 106th Street on the Upper West Side

    The board of an affordable housing co-op on the Upper West Side is being accused of nepotism and mismanaging funds in a new lawsuit filed by tenants.

    The suit claims that board members at 13-19 West 106th Street, a 54-unit building, have racked up $143,000 in back taxes and $70,000 in water and sewer charges, all while paying themselves handsomely for their duties, DNAinfo reported. The president, vice president and secretary/treasure have collected monthly salaries of $1,600, $1,000 and $650 respectively since 2006, according to court papers. [more]