New York Governor Announces $430 Million Investment for Affordable Housing Crisis

Governor Kathy Hochul announced a New York State investment of $430 million to build just over 1,500 affordable homes in the state.

“We also need homes for migrants, places where they can live, so that they can work when their permit arrives and they are not on the streets,” declared the governor in the Gowanus sector of Brooklyn.

According to official data, last year the rate of empty apartments fell to 1.4%, the worst figure since 1968. Among the 2 million 300 thousand rental apartments in the city, only 33 thousand were available.

Build for those most in need

“In New York City we are in the worst affordable housing situation since the 1960s. We have to build and we have to ensure that the vouchers reach low-income people, those who need it most,” declared Piernina Sánchez, council member of the district 14.

Among the projects that will be built in spaces that will change their use are:

• The Creedmoor psychiatric facility in Queens will be converted into 2,800 homes.

• The former Hilton hotel that was next to JFK airport will be a housing unit of more than 300 homes.

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The New York City Department of Housing opened a housing lottery for 341 apartments in a building in Brooklyn. Check out this and other open lotteries in this gallery. In total there are more than a thousand apartments available. In the end you can obtain information from associations that help people apply.

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HELP ONE BUILDING A County: Brooklyn Available apartments: 72. 39 studios, 28 one-bedrooms and 5 two-bedrooms. Location: 273 Snediker Ave, Brooklyn, NY 11207 Income: $23,143 – $91,500 Income range: $589 to $1,421 Registration closes: September 11 How to apply? You can click on the following link.

Credit: NYC Housing

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ATLANTIC CHESTNUT PHASE 1 County: BROOKLYN Available apartments: 341. 34 studios, 142 one-bedrooms, 114 two-bedrooms and 51 3-bedrooms. Location: 250 Euclid Avenue, Brooklyn, New York Income: $16,938 to $140,080 Income range: $419 to $2,273 Registration closes: August 16 How to apply? You can click on the following link

Credit: Housing NYC

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37 HILLSIDE SENIOR APARTMENTS County: Manhattan Available apartments: 56 . 41 studios and 15 one-bedrooms. Location: 37 Hillside Ave, New York, NY 10040 Income: $0 – $63,550 Income range: $0 Registration closes: August 28 How to apply? You can click on the following link

Credit: Housing NYC

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SAINT FRANCIS COMMONS County: Bronx Available apartments: 85. 45 one-bedroom, 34 two-bedroom and 6 three-bedroom. Location: 1544 Shakespeare Avenue, Bronx, NY Income: $21,155 to $122,570 Income range: $532 to $2,188 Registration closes: September 6 How to apply? You can apply by clicking on the following link.

Credit: Housing NYC

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58 VANDERBILT AVENUE County: Brooklyn Available apartments: 23. 9 studios, 10 one-bedroom and 4 two-bedrooms. Location: 205 Park Ave, Brooklyn, NY 11205 Income: $28,629 to 139,810 Income range: $749 to $2,212 Registration closes: August 9 How to apply? You can apply by clicking on the following link.

Credit: Housing NYC

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MARION CRESTON APARTMENTS County: Bronx Available Apartments: 25 . 14 studios, 6 with one bedroom and 5 with two bedrooms. Location: 2861 Creston Ave, Bronx, NY 10468 and 2997 Marion Ave, Bronx, NY 10458 Income: $18,515 to $115,280 Income range: $454 to $2,181 Registration closes: August 1 How to apply? You can apply for the lottery at the following link.

Credit: NYC Housing

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GEMMA GRAMERCY 200 County: Manhattan Available Apartments: 28 . 16 studios, 7 with one bedroom and 5 with two bedrooms. Location: 202 E 23rd St, New York, NY 10010, Manhattan Income: $28,663 to $187,330 Income range: $836 to $3,490 Registration closes: July 31, 2023 How to apply? You can apply for the lottery at the following link.

Credit: NYC Housing

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H1H2 APARTMENTS County: Brooklyn Available Apartments: 316 . 79 studios, 79 one-bedrooms and 158 two-bedrooms. Location: 35 Commercial St, Brooklyn, NY 11222 Income: $17,006 to $158,510 Income range: $410 to $2,572 Registration closes: July 31 How to apply? You can apply for the lottery at the following link.

Credit: NYC Housing

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LINDEN TERRACE III County: Brooklyn Available Apartments: 125 . 9 studios, 67 with one bedroom, 35 with two bedrooms and 14 with three bedrooms. Location: 583 Emerald St, Brooklyn, NY 11208 Income: $16,938 to $115,850 Income range: $419 to $1,963 Registration closes: July 24 How to apply? You can apply for the lottery at the following link.

Credit: NYC Housing

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The religious organization Iglesias Unidas provides help and advice for the housing lottery process to dozens of families looking for an affordable income. Check this link how they can help you.

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Hanac has helped nearly 1,000 people with housing services. This organization supports older adults to overcome technological barriers and advises them in the process to apply for housing lotteries. Review information and how they can help you by clicking on this link.

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The Mortgage and Housing Financing Agency has a program that provides help to people so they can fulfill their dream of purchasing a home. Assistance is $15,000 for first-time home buyers or those who have not owned a home in the last three years, and the house must be your primary residence. “I helped six families, many of them were for closing and the state gave them the money for the down payment,” said Miriam Olivero, a real estate agent.

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Despite opposition and protests from activists, the New York City Rent Board approved the stabilized rent increase. According to reports, one-year contracts will increase by 3%, while two-year contracts will receive an increase of 2.75% during the first year and 3.2% in the second period. It should be noted that these adjustments will begin to take effect in October.

2024-02-10 16:55:00
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