Governor Kathy Hochul is offering $412 million in bonds and other financial subsidies to expand housing supply, including for two major projects in Brooklyn. The new financing will create and preserve nearly 1,100 affordable homes through six projects in New York City, the Finger Lakes, and the Hudson Valley, according to a news release. The Brooklyn projects include $170.3 million for the new construction of Innovative Urban Village Phase 1a , which will create 385 affordable homes in East New York and $82.8 million for the new construction of Marcus Garvey Extension Phase 2 ..read more

Article Courtesy NYCNewswire.com Vickie Paladino, a councilwoman from Queens, has been vocal about her concerns regarding squatters’ rights laws and their impact on property owners. (See Video Below) Paladino has expressed her frustration over current laws that she believes unfairly favor squatters over homeowners, particularly highlighting a law that allows squatters to claim ownership of empty buildings after 30 days. This situation has led her to push for legislative reforms aimed at providing property owners with more rights and extending the period before squatters can claim tenancy right ..read more

We all know that “affordable” housing is not a real thing in New York City, but this newly announced “affordable housing” development on New York City’s Housing Connect, which is New York City’s official affordable housing platform, cannot be real. Here’s the Announcement on the NYC Housing Connect Website 456 Blake Avenue Apartments is offering 3 newly constructed units in Brooklyn. New York City is committed to the principle of inclusivity in all of its neighborhoods, including supporting New Yorkers to reside in neighborhoods of their choice, regardless of their neighborhood of origin and ..read more

by Gerald Thomas for EastNewYork.com / Content distributed by NYCNewswire.com Home prices in East New York are increasing. The median house sale price in East New York, Brooklyn, in January was $590,000, showing a 7.3% increase year-over-year. However, it’s worth noting that median condo prices in East New York remained stable year-over-year at $260,000Several factors typically contribute to increasing home prices in a neighborhood like East New York: Gentrification: As more people move into a neighborhood, demand for housing increases, which can drive up home prices. East New York has seen s ..read more

The New York City Housing Lottery offers affordable housing opportunities across the five boroughs, and it’s a great way to find a more affordable place to live in a city known for its high rental prices. Here are some tips to navigate and increase your chances in the NYC Housing Lottery: Understand the Requirements: Each housing lottery has its own set of income and household size requirements. Make sure you understand these requirements before applying. Your household income must fall within the specified range for the unit you’re interested in. Keep Your Documentation Ready: You will need ..read more

Content distributed by NYCNewswire.com The New York City housing lottery, part of the city’s Affordable Housing initiative, is designed to provide below-market-rate housing options to eligible participants, including low- to middle-income families, seniors, and disabled individuals. While the program aims to make housing more affordable for those who meet specific income requirements, the perception of affordability can vary widely among applicants. Several factors contribute to the ongoing discussions about the affordability of the NYC housing lottery: Income Bands: The housing lottery inclu ..read more

Content distributed by NYC Newswire Applications are now available for 53 brand new affordable apartments at the new Euclid Glenmore Apartments located at 437 Euclid Ave, in East New York. Application deadline:  Apr 16, 2024 There is a preference for residents of Brooklyn Community Board 5, Tenant pays electric & electric Stove. Apply online or through mail. To request a paper application by mail, send a self-addressed envelope to: Euclid Glenmore Apartments C/O CGMR Compliance Partners, PO BOX 440, WADING RIVER, NY 11792. Only send one application per development. Do not submit dupli ..read more

There are 14 brand new “affordable” apartments (8 one bedrooms and 6 two bedrooms) available at 80 Linden Blvd is situated in the East Flatbush neighborhood of Brooklyn bordering Prospect Lefferts Gardens. The building is located near the Kings County Hospital Center and SUNY Downstate Medical School. The building’s façade and huge windows specify its individuality. Amenities include a fitness center, lounge, outdoor areas, covered parking, bike storage lockers, Air conditioning, Elevator, Washer/Dryer in Unit and a recreation room (fees may apply to amenities),This building is smoke free. The ..read more

Joe Cruz (left) / Lou Belisario (right) Top real estate brokers Lou Belisario and Joe Cruz, leaders of the #1 mega team in Brooklyn, New York, have partnered with Side to found their own boutique company, Revived Residential. Serving clients primarily in Brooklyn, as well as Queens and Manhattan, Revived Residential is a luxury real estate firm that combines a personal touch with cutting-edge technology, offering each and every client the absolute highest quality experience. Since its founding in 2020, the Belisario Cruz Team has successfully facilitated over 1,000 transactions totaling nearly ..read more

In the aftermath of NYC’s heavy short-term rental restrictions, promises of increased rental inventory remain unfulfilled, highlighting the legislation’s miscalculation as rents continue to rise. The rich have gotten richer, while small homeowners have suffered. Courtesy Kingsman Reports, distributed by NYC Newswire New York City’s approach to addressing its housing crisis, specifically through the enactment of Local Law 18, which effectively bans most short-term rentals (STRs), has remained under intense scrutiny from New Yorkers, tourists, and seniors who are homeowners. Critics argue that w ..read more