Affordable Housing - New York

  • New Destiny Breaks Ground on Affordable Bronx Community

    The Jennings will feature 42 units for low-income households. Alex Gorlin is the architect and Lettire Construction is the general contractor.

    04 September 2017 16:13
  • Supportive Housing Coming to Brooklyn

    Comunilife and NYC Health + Hospitals broke ground on a $28 million, 89-unit community that will provide housing to low-income residents and individuals with behavioral health issues.

    22 August 2017 13:57
  • Can You Afford to Live in NYC?

    Only nine out of the 139 neighborhoods included in a RentHop study have median asking rents that can be afforded with 35 percent of the area median income.

    21 August 2017 12:37
  • 948 Affordable Units Preserved in the Bronx

    LIHC Investment Group, Belveron Partners and Camber Property Group will rehabilitate Stevenson Commons in the New York City borough. The initiative is moving forward through an agreement with the New York City Housing Development Corp.

    14 August 2017 16:22
  • WinnCos. Eyes $19M Rehab for NJ Affordable Community

    The firm plans to make significant interior and exterior upgrades to the newly acquired Bridgeton Villas Apartments, a 156-unit community in Bridgeton, N.J.

    03 August 2017 15:26
  • Affordable NJ Community Changes Hands

    The new owner acquired Berkeley Terrace for a price tag of $12.2 million and plans to invest in extensive renovations. The project is slated for completion by August 2018.

    31 July 2017 10:36
  • Omni Breaks Ground on $68M Affordable Bronx Community

    The 15-story Morris II Apartments will comprise 154 units with a 4,000-square-foot ground-floor community space, and 30 percent of the units will be permanently affordable.

    28 July 2017 16:29
  • Phase 2 of Brooklyn Affordable Project on Track

    A joint venture of The Hudson Cos. and BEC New Communities has closed on the financing and acquisition of BEC Continuum Resyndication, which includes 550 units across 43 properties.

    06 July 2017 16:05
  • Unveiled: Brook Avenue Apartments in the Bronx

    Yuco Real Estate Co.'s $25 million, 66-unit development was financed under Mayor De Blasio's Housing New York plan.

    28 June 2017 14:33
  • HUD, HCR, MDG Partner for $160M Bronx Preservation

    Michelangelo Apartments, a 494-unit affordable building, is a 43-year-old Mitchell-Lama community that will be renovated and preserved as affordable for another 40 years as a result of the deal.

    14 June 2017 16:56
  • NY Launches $20B Affordable Housing Initiative

    The five-year plan was created to combat homelessness and proposes $10 billion to create and preserve more than 110,000 units across the state, including 12,000 units is designed through the newly enacted "Affordable New York" program.

    25 May 2017 16:55
  • WinnCos. Preserves NJ Affordable Housing

    The company joined with Greater Bergen Community Action to complete a project that will preserve affordable housing for 400 residents for 30 years in Jersey City.

    24 May 2017 14:52
  • Affordable Housing to Rise on Former NY Slaughterhouse Site

    NYCEDC and HPD released plans to transform a 24,687-square-foot historic site in the far west side of Manhattan, once home of New York Butchers’ Dressed Meat Co., into a mixed-use project that will include 234 affordable units, a grocery store, dormitory space, and more.

    11 May 2017 14:45
  • Greystone Closes $82M in Refinance, Acquisition Loans

    The company secured two financing agreements under the Fannie Mae DUS Small Loan program for four multifamily properties in Long Island and Queens.

    02 May 2017 15:12
  • Financing Affordable Communities in NY

    James Dittbrenner, managing director at Sterling Bank, discusses the process behind a bank's decision to finance affordable housing projects such as the Newburgh CORe Neighborhood Revitalization in Orange County, N.Y.

    02 May 2017 14:55