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A blog from CityRealty (Links below will take you to the 6sqft site)

Features

View from 325-329 Gates Avenue, a mixed-income housing development in Bed-Stuy (via Nooklyn listing) View from 325-329 Gates Avenue, a mixed-income housing development in Bed-Stuy (via Nooklyn listing)
When Mayor Bill de Blasio took office at the beginning of 2014, the new administration announced a plan to build or preserve 300,000 affordable housing units by 2026, a level not seen in 30 years. Three years later, further details and initiatives emerged with the release of Housing New York 2.0. Last September, the city reported that it was nearly halfway to this goal, with 136,912 affordable units created through new construction and the refurbishment of existing buildings.
Affordable housing remains on the city's mind even at a time when flattening the curve is the number one priority. If anything, it may be needed more than ever in light of the economic fallout of the attempts to contain the coronavirus. But at any time, there are some important considerations to be made before clicking "Apply" on the Housing Connect website. While it can take months to hear back about an affordable lottery, things can move very quickly if one's application is selected for an interview; chosen applicants have only a few weeks to prepare for a meeting with several required pieces of financial information and identification. The interview is a key step in the process, but far from the only one. And even if everything goes well, would-be tenants cannot sign a lease without final written approval from New York's Housing Preservation and Development and Housing Development Corporation.
NYC Housing projects via Coalition for the Homeless' State of the Homeless 2019 Report
But even if one's application is chosen, not everyone jumps at the chance for an interview. Housing is considered affordable if it costs thirty percent or less of the area median income. Some developers set the price of affordable units in their buildings for "middle-income" tenants, or those in the highest income band, a practice that can sometimes lead to higher rents than the local median. But even if the rent comes in at what the applicant considers a reasonable rate, that doesn't always take amenity fees into consideration. Finally, some have expressed concern about building upkeep and the inability to sublet their apartments.
And yet, for all these qualms, there is a reason that the odds of winning one of New York's affordable housing lotteries are one in 592 (per The New York Times). When a market-rate building includes affordable units, all apartments often get the same finishes and new appliances. Once a tenant has moved in, they cannot be kicked out if a future raise puts them above the initial income brackets. The lower rent of a permanently affordable apartment allows for more money to enjoy living in New York, and any rent increases can only take place within certain limits. A list of ongoing lotteries can be found here.
Story Avenue East & West The recently finished Story Avenue East & West development brought nearly 450 units of affordable housing to the Bronx (L+M Development Partners)

For a list of affordable housing developments with open applications, see our story here.



The following buildings below have had their lottery application deadline past and are no longer accepting applications. We'll keep the list below updated for reference and since they offer a snapshop of the types of buildings and areas providing affordable housing throughout New York.

If you have any questions related to affordable housing lotteries, please direct them to Housing Connect. CityRealty is not affiliated with these lotteries and cannot offer assistance in this regard.

156-160-Erasmus-Street-02

1709-Park-Place-02

703-Hart-Street-02

436-Lafayette-Avenue-02

161-11-132nd-Avenue-02

18A-Bleecker-Street-02

1515-Park-Place-02

221-East-105th-Street-01

739-Fenimore-Street-01

893-Willoughby-Avenue-02

741 Concourse Village West, 702 Grand Concourse & 180 East 156th Street
255 units from $331/month | Deadline June 17, 2020

741-Concourse-Village-West-01

124-Erasmus-Street-02

379-Harman-Street-02

555-Grand-Street-02

144-74-Northern-Boulevard-02

343-Ralph-Avenue-02

2543-Cruger-Avenue-02


83-Stockholm-Street-02

21-10-27th-Street-02

2245-Creston-Avenue-02

1098-Madison-Street-01 Rendering via Loopnet
1098-Madison-Street-02

325-Gates-Avenue-02

2155-Caton-Avenue-01 Rendering via Z Architecture
2155-Caton-Avenue-02


1431-Vyse-Avenue-02

85-Rutledge-Avenue-01 Rendering via JGoldman Design
85-Rutledge-Avenue-02

2513-Wallace-Avenue-02 Lottery criteria via Housing Connect

911-Erskine-Street-01 Rendering via Aufgang Architects
911-Erskine-Street-02 Lottery criteria via Housing Connect

407-Lenox-Avenue-01 Rendering via Lemor Development Group
407-Lenox-Avenue-02

486 East 28th Street
486-East-28th-Street-01

3120 Park Avenue and 451 East 159th Street
31 units from $359/month | Deadline May 22, 2020

3120-Park-Avenue-01 Rendering via Hirschen Singer & Epstein
3120-Park-Avenue-02

515-East-86th-Street-01 Rendering via Arquitectonica
515-East-86th-Street-02

150-Van-Cortlandt-Avenue-East-01

217 Boerum Street (YossiG)
217-Boerum-Street-01

538-540-East-142nd-Street-01 Rendering via NYC HPD
538-540-East-142nd-Street-02

102 somer street
102-Somers-Street-01

1597-Lincoln-Place-01

210-Parkville-Avenue-01

209-213-Troy-Avenue-01

277-Milford-Street-01

1017-Home-Street-01 Home Street Residences via Body Lawson Associates
1017-Home-Street-02 Lottery criteria via Housing Connect
Designed by Body Lawson Associates and recently completed, Home Street Residences incorporates salvaged wood from the church that once stood on-site into a new gray brick building bringing a new community facility and 63 residential units to the Bronx. The building was built to LEED Gold certification standards, and amenities include an on-site superintendent's services, a lounge, a fitness center, a card-operated laundry room, and a roof deck. Thirty percent of units were reserved for formerly homeless senior citizens, and the rest were for low-income individuals and families. According to a spokesperson for the project, the lottery for 43 units attracted approximately 50,000 applicants.

710-Grand-Street-01 Rendering via Nest Seekers
710-Grand-Street-02 Lottery criteria via Housing Connect

180-Broome-Street-01 The Artisan (l) via Moso Studio

1705-East-17th-Street-01 Lottery criteria via Housing Connect

102-Quincy-Street-02 Lottery criteria via Housing Connect

701-Quincy-Street-01 Lottery criteria via Housing Connect

15-Hunterfly-Place-01 Lottery criteria via Housing Connect

88-56-162nd-Street-01 Lottery criteria via Housing Connect

81-Starr-Street-01 81 Starr Street via Nooklyn
81-Starr-Street-02 Lottery criteria via Housing Connect

3055-Valentine-Avenue-01 Lottery criteria via Housing Connect

2120-Daly-Avenue-01 Lottery criteria via Housing Connect

610-Myrtle-Avenue-01 610 Myrtle Avenue via Realty360 Group
610-Myrtle-Avenue-02 Lottery criteria via Housing Connect

Additional Info About the Building

 
Luxury Homes in Midtown | Newly Renovated Studio-2BR Homes View Property
Spacious 1 Bedrooms with outdoor space and in-residence w/d View Property
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