Tag: Affordable housing

Affordable housing lottery opens in Rego Park, rents start at $2,100 a month

Posted by

housing

Jan. 18, 2024 By Ethan Marshall Four affordable housing units are now up for grabs in a Rego Park development, with monthly rents ranging from $2,100-$2,500. The units are part of a 3-story mixed-use building at 63-16 102nd St. that consists of 11 residences, seven of which will be rented at market rate. A lottery was recently opened for the four affordable units by the city. Two are one-bedroom and two are two-bedroom. Each of the affordable units are for residents earning 130% of the area median income (AMI). For the one-bedroom units, the area median income ranges from $72,000-$165,230,…
Read More

Affordable housing lottery opens in LIC, rents start at $3,835 a month

Posted by

Jan. 9, 2024 By Ethan Marshall Seven affordable housing units—all 2-bedroom apartments—are up for grabs in a Long Island City development with monthly rents starting at $3,835. The units, located at 37-25 32nd St., are part of a 6-story, 15-unit development. The city has recently opened a lottery for the affordable units. The affordable units… Read more »

Affordable housing lottery opens in Astoria, rents start at $2,400 a month

Posted by

Jan. 4, 2024 By Ethan Marshall A total of five affordable housing one-bedroom units in a five-story residential building are now available, with monthly rents starting at $2,400. Located at 21-27 30th Dr. in Astoria, the development features 14 units, with nine being market rate. A lottery is being held by the city for the… Read more »

Lottery opens for ‘affordable apartments’ in Kew Gardens, 1-bedrooms to rent for $3,140

Posted by

lottery

Dec. 21, 2023 By Christian Murray It’s pitched as an affordable apartment in Queens, yet the rent for a one-bedroom is $3,140 a month. NYC Housing Connect has opened a lottery for 16 “affordable apartments” inside a new 8-story, 51-unit development in Kew Gardens. The building, located at 81-07 Kew Gardens Rd., has been developed by FBL Development, and includes a range of amenities, such as a gym and a rooftop terrace. The units are designated for residents whose income falls within 130% of the area median income (AMI). The range accommodates potential tenants with incomes spanning from $107,658 to…
Read More

City announces historic deal to convert JFK Hilton Hotel into 318-unit affordable housing complex

Posted by

Hotel

Dec. 18, 2023 By Bill Parry The city announced Monday that it has closed a deal with developer Slate Property Group and the nonprofit RiseBoro Community Partnership to convert the shuttered JFK Hilton Hotel in South Jamaica into 318 apartments of permanently affordable housing for low-income and formerly homeless New Yorkers. Construction on the project…
Read More

Queens borough president calls for more affordable housing as Rent Guidelines Board approves rent hikes for stabilized apartments

Posted by

Jun. 22, 2023 By Carlotta Mohamed Queens Borough President Donovan Richards is calling on all levels of government to make affordable housing and the overall livability of New York City its top priorities after the Rent Guidelines Board (RGB) voted on Wednesday, June 21, to authorize increases on rent-stabilized apartments across the five boroughs.  Demonstrators…
Read More

Developers constructing 354-unit residential building in Astoria secure $165M loan

Posted by

March 3, 2023 By Michael Dorgan The two developers behind a 354-unit residential building in Astoria have secured a loan to finish constructing the project. The developers, Silverstein Properties and Cantor Fitzgerald, announced Wednesday, March 1, that the joint venture arranged a loan of $165 million from Banco Inbursa — a financial firm based in… Read more »

Market Rate Units in Gotham Point’s North Tower on LIC Waterfront Hit The Market

Posted by

Jan. 30, 2023 By Michael Dorgan The Gotham Organization has announced that it has started leasing market-rate units in the largest of its two residential towers that have recently gone up on the Long Island City waterfront. The building, a 56-story complex known as the North Tower, forms part of the Gotham Point development and… Read more »