Sep. 5, 2025 By Shane O’Brien Innovation QNS, a proposed $2 billion development that aimed to bring more than 3,000 housing units to 35th Avenue in Astoria, has been scrapped after the developers behind the proposal shelved their plans for the megaproject. However, the $2 billion development is now likely to yield to several…
Aug. 14, 2025 By Ethan Marshall Permits have been filed for the construction of a 14-story mixed-use building with 212 affordable housing residences on the empty lot at 159-31 90th Ave. in Jamaica. The proposed building would be 143 feet tall and span 72,862 square feet. The 212 residences would account for 15,100 square…
Aug. 5, 2025 By Mayor Eric Adams When I came into office, affordable housing was at the top of my agenda, and I didn’t need any studies or polls to tell me why. New Yorkers were telling me every day, every chance they got. I heard it at the store, on the street, and…
Jul. 29, 2025 By Ethan Marshall The financial services provider Merchants Capital announced it has secured a $60.5 million balance sheet acquisition loan from Merchants Bank to finance the real estate developer Tredway’s purchase and preservation of Ocean Park Apartments, an affordable housing development with 602 units at 1-25 Beach 17th St. in Far…
Jul. 10, 2025 By Shane O’Brien Council Member Robert Holden has strongly criticized the city’s Charter Revision Commission (CRC) after the commission outlined a series of proposals that would “fast track” affordable housing across the city and “simplify” reviews of housing and infrastructure projects in an interim report released at the beginning of July.…
Jun. 20, 2025 By Athena Dawson U.S. Rep. Gregory Meeks hosted a town hall meeting Monday, June 16, at the Jamaica Performing Arts Center to address the impact of Trump administration policies on New Yorkers. Dozens of attendees filled the venue’s theater to hear Meeks deliver an overview of recent federal developments, followed by…
June 13, 2025 By Shane O’Brien The city’s Department of Housing Preservation and Development (HPD) has released a Request for Proposal (RFP) to develop Parcel E at Hunters Point South on the Long Island City waterfront, including plans for hundreds of mixed-income units, community space and at least one 100% affordable housing development. Parcel E,… Read more »
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.…
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 »
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…