Affordable Housing - Northeast
Cities
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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 -
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 -
Lena New Boston Breaks Ground on 41 Mixed-Income Units
The $200 million redevelopment of the former Boston State Hospital site entered a new phase, which will include 22 affordable units. The project is part of Olmsted Green, a 42-acre development in the heart of the city.
17 August 2017 21:17 -
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 -
WinnDevelopment Tapped for $1.6B Boston Project
The Mary Ellen McCormack site will be transformed into a 3,000-unit mixed-income community set to be constructed over four phases.
14 August 2017 08:50 -
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 -
NYC Public Housing Slated for $560M Makeover
The 24-building public housing community in the New York City borough of Queens will use the funding for upgrades and renovations.
20 June 2017 17:17 -
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 -
NEI Completes Phase II of Boston Redevelopment
The company developed a 39-unit affordable community in the property, part of an initiative to transform as many as 11 acres of vacant lots in Boston into a mixed-use, transit-oriented development.
25 May 2017 15:46 -
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