Tag: Affordable housing

Northeastern Towers Annex in Jamaica opens Section 8 housing lottery for seniors

northeastern towers

May. 22, 2025 By Ethan Marshall Sign up for our weekly email newsletter to stay updated on the latest housing lotteries in New York City. New York City has opened a waiting list lottery for one current vacancy and any future openings at Northeastern Towers Annex, an affordable senior housing development located at 161-11 132nd Ave.…

State Sen. Gonzalez lauds budget for cost-of-living measures but says bold action is still needed

State Sen. Kristen Gonzalez speaks in the State Senate. Photo courtesy of office of State Sen. Kristen Gonzalez.

May 14, 2025 By Shane O’Brien State Sen. Kristen Gonzalez touted a number of measures introduced in the recently-approved state budget that will help working families combat inflation but said the budget could have been “bolder” in its efforts to tackle the cost-of-living crisis. Gonzalez, who represents areas in Queens, Brooklyn and Manhattan, lauded the… Read more »

Mixed-income real estate developer Tredway announces $88M acquisition of Ocean Park complex in Far Rockaway

tredway

May. 14, 2025 By Ethan Marshall The affordable and mixed-income real estate developer Tredway announced it has acquired the 602-unit family-designated Ocean Park Apartments, located at 125 Beach 17th St. in Far Rockaway. As part of this $88 million acquisition, Tredway entered into an agreement with the New York City Department of Housing Preservation…

Queens Borough President outlines sweeping investments across Queens in State of the Borough address

queens borough president

Apr. 28, 2025 By Athena Dawson Queens Borough President Donovan Richards Jr. delivered his third annual State of the Borough address at Queens Theatre on Friday, April 25, outlining his administration’s efforts over the past year across education, health, the environment, social services and economic development. Richards’ speech took a defiant tone against former…

NYC’s Housing Crisis: How can NYC provide more affordable housing? Let us count the ways

Affordable housing in Brooklyn

Apr. 23, 2025 By Cate Corcoran New York City’s affordable housing crisis is the most challenging problem facing the Big Apple in decades, and the numbers tell the story. Leila Bezorg, New York City’s executive director for housing, cited the 1.4% vacancy rate, 120,000 people sleeping in shelters the prior night, and more than…

Metropolitan Park casino team unveils plan for 450-unit affordable housing complex in Corona

Renderings for a new affordable housing development in Corona proposed by the team behind Metropolitan Park.

Apr. 3, 2025 By Shane O’Brien The team behind the proposed $8 billion Metropolitan Park casino project has announced a new partnership aiming to create hundreds of long-term affordable housing in Corona. Queens Future, an LLC formed as part of Mets owner Steve Cohen and Hard Rock International’s push for the Metropolitan Park casino…

New York lawmakers introduce Bill to help new employees manage student loan debt

student loan debt

Mar. 28, 2025 By Colum Motherway The New York State Senate has passed Senate Bill S.1673, a critical piece of legislation aimed at addressing the student loan debt crisis affecting many New Yorkers. The bill mandates that all new employees be provided with essential information regarding student loan repayment options, empowering them to make…