Affordable Housing

Ahead of holidays, 154 NYC seniors get affordable housing in Far Rockaway

The holiday season is almost here, but for Benito Vega Gonzalez, an important gift came early: an affordable housing unit in Far Rockaway. Gonzalez is one of 154 seniors to receive keys to units in the Beach Channel Senior Apartments, a new development in Far Rockaway that opened on Tuesday....

Tuesday, November 20, 2018 - 4:37pm

These are the most expensive neighborhoods in New York City in 2018

New York City is expensive, we all know that. No one chooses to live here because it’s affordable — still, the cost of rent can vary across the five boroughs. So, what are the most expensive neighborhoods in New York City? A report out this week from real estate site RentHop looked at...

Thursday, July 12, 2018 - 3:12pm

NYC pilot program aims to make legal, safe basement apartments in Brooklyn

It’s no secret that affordable housing in New York City is scarce. Now, Mayor Bill de Blasio has announced a new effort he says will add more housing options via new basement apartments. The mayor recently announced a pilot program to create and renovate apartments in the basements and...

Friday, June 29, 2018 - 11:53am

NYC to renovate 2,400 NYCHA apartments

Nearly 2,400 New York City Housing Authority apartments will receive a total of $400 million in renovations, Mayor Bill de Blasio announced on Monday. Even with upgrades like new kitchens, these homes will not see a rise in their rent, the city assured. The upgrades will affect 5,300 residents...

Monday, June 25, 2018 - 12:21pm

Public-private partnership improved conditions at NYCHA buildings: Report

It is no secret that the New York City Housing Authority (NYCHA) has faced its share of problems, from management debacles to lack of funding to issues like heating outages and lead paint on the long list of needed repairs. But some NYCHA properties have seen improvements, a new study found,...

Monday, June 18, 2018 - 4:52pm

How (un)affordable is NYC? Interactive tool shows rising affordability crisis

It’s no secret that living in New York City is expensive, but a new tool from NYC Comptroller Scott M. Stringer gives more details on how the affordability crisis here has grown. Stringer's office released an interactive tool called the Affordability Index to break down a middle-income...

Friday, June 8, 2018 - 4:25pm

House flipping is depriving New Yorkers of affordable housing options: Report

You’ve probably heard of house flipping on some HGTV shows, and the practice of buying a home for cheap and selling it for a profit isn’t just spurring new series — it’s having a big effect on the state of affordable housing in New York City. A recent report by the Center...

Wednesday, May 2, 2018 - 1:37pm

Hundreds of NYCHA playgrounds not safely maintained: Report

The New York City Housing Authority has failed to maintain hundreds of playgrounds in public housing developments across the city, Comptroller Scott M. Stringer said, putting thousands of children at risk. Stringer’s office released an audit on Wednesday that found the New York City Housing...

Thursday, April 5, 2018 - 11:08am

In housing crisis, more than 1,000 city-owned properties sit empty: Comptroller

Despite a lack of affordable housing in New York City, more than 1,000 properties owned by the city are currently sitting empty, according to a new report from the comptroller’s office. New York City Comptroller Scott M. Stringer released a report this week which says that the Department of...

Tuesday, February 13, 2018 - 10:30am

NYC sets new record with 24,500 affordable housing units created in 2017: de Blasio

New York City has set a new record for the amount of affordable housing secured in 2017, Mayor Bill de Blasio announced on Tuesday. The city financed more than 24,500 affordable homes last year, with 48 percent of those homes priced at a level for those who make less than $33,400 per year, or $43,...

Tuesday, January 16, 2018 - 12:05pm

535 Carlton offers ‘new generation of affordable housing’ for middle-income New Yorkers

The demand for affordable housing for all New Yorkers is not something that is likely to go away anytime soon, but one of the buildings in the Pacific Park development project in Brooklyn is now looking for a few, good tenants — and no lottery is involved. When 535 Carlton opened bidding for...

Monday, November 6, 2017 - 5:03am

Apartments at this brand new building near Yankees Stadium start at $396/month

Applications are now being accepted for 198 affordable units at Elton Crossing, a new mixed-use development in the Melrose neighborhood of the Bronx. The building at 899 Elton Avenue features on-site laundry, fitness rooms, a landscaped seating area, resident gardening program and spots for parking...

Friday, October 27, 2017 - 4:00pm

City unveils Bronx Point, a mixed-use South Bronx waterfront destination

A long-vacant tract of land along the Harlem River in the South Bronx is on its way to becoming a mixed-use destination, the New York City Economic Development Corporation announced Friday. Known as Bronx Point, the site will be home to the Universal Hip-Hop Museum, public green space, a multiplex...

Friday, September 22, 2017 - 4:58pm

461 Dean, world’s first modular residential building, opens in Brooklyn

461 Dean is full of firsts. The 32-story residential tower is the first modular, or sectional prefabricated, high-rise in the world. It’s also the first apartment building to open in Pacific Park Brooklyn, a 22-acre mixed-use community that links Fort Greene, Clinton Hill, Park Slope and...

Monday, September 18, 2017 - 9:42am

Nonprofit helps 5 churches develop affordable housing, community spaces

Navigating the city’s real estate world can be brutal for New Yorkers and businesses alike, but some charitable organizations – five to be exact – are getting a little help from the New York Land Opportunity Program (NYLOP) as they look to the future of their property. Officials...

Wednesday, August 23, 2017 - 4:19pm

Here's your chance to live in Williamsburg for $589 through NYC housinglottery

If you’re looking for a great deal for an apartment in Williamsburg, look no further, New York City affordable housing lottery is accepting applications in Williamsburg at two locations. One of the latest Williamsburg developments accepting applications is located at 33 Ten Eyck Street....

Thursday, July 6, 2017 - 7:40pm

Foreclosure prevention programs face budget crunch

Leon Keith nearly lost his three-family home in the Bronx in 2012, after becoming ensnared in a high-profile Ponzi scheme.He credits the foreclosure prevention services operated by the Legal Aid Society helping him in court and in obtaining a loan modification that enabled him to pay his mortgage....

Tuesday, March 14, 2017 - 5:00am

Five big-league NYC landlords slapped with discrimination charges

The city is charging five bigNew York City landlords and brokers with discrimination based on findings from an extensiveyear-long undercover investigation.On Tuesday, the New York City Commission on Human Rights announced a list of landlords and brokerage firms —whichin total operate 20,000housing...

Thursday, January 12, 2017 - 5:00am

Workshops set for affordable housing lottery at revamped Domino Sugar property

With the deadline for its affordable housing lottery looming, two workshops are planned to help low-income New Yorkers interested in living in the new residential building at the site of the former Domino Sugar factory in Brooklyn.The lottery for 325 Kent Ave., which will be the first building to...

Thursday, January 12, 2017 - 5:00am

Boston City Council concerned with new developments displacing low-income residents

With neighborhoods across the city seeing a rapid rise in new housing developments, City Councilor Tito Jackson called for a hearing to address the issue of resident displacement throughout Boston.“In Roxbury, we've actually seen a fifth of all sales in city of Boston actually occur [here] between...

Thursday, December 8, 2016 - 2:25am