More Than 300 Units of Affordable Housing Open on Roosevelt Island with 50% Community Preference
More than 1,000 Affordable Units Built or Preserved During Council Member Kallos’ Tenure
Roosevelt Island, NY- 313 units of mixed-income apartments have opened up on Roosevelt Island as part of the City’s affordable housing lottery program for applications due on July 6th. The Riverwalk Park complex is a 21-story permanently affordable building. Preference for 50 percent of the units will be given to residents of Manhattan Community Board 8 on the Upper East Side and Roosevelt Island. This comes just days after a law authored by Council Member Ben Kallos helped the City’s Housing and Preservation Department (HPD) identify an unprecedented 2,500 affordable housing units that will be re-rented on the new Housing Connect website for New Yorkers to apply for this July.
Council Member Kallos and Hudson Related will host an announcement and information session on Tuesday, June 30th at 6 pm to educate the public on how to apply in time for the deadline on July 6th. The Riverwalk Park units are available for qualifying New Yorkers earning 40, 50, 80, 130, and 165 percent of the area median income corresponding to incomes as low as $20,298 for a one-person household to as high as $187,605 for a family of four. Rent for these apartments ranges from $506/month for a studio to $3,432/month for a three-bedroom apartment.
“We are facing an affordable housing crisis and every unit counts. Opportunities to build hundreds of units like this are few and far between and we couldn’t be prouder to bring this affordability to the Upper East Side and Roosevelt Island,” said Council Member Ben Kallos. “The units that have opened up on Roosevelt Island will go a long way in helping rent-burdened families that apply and win. Thank you to David Kramer at Hudson Related for building this affordable housing and Roosevelt Island Operating Corporation for their partnership. I encourage anyone who qualifies living on the Upper East Side and Roosevelt Island along with the rest of the city to apply the right way.”
Over the years Council Member Ben Kallos has been instrumental in opening or preserving countless affordable housing units throughout the Upper East Side.
In July of 2019, L+M Developments announced it would be purchasing a portfolio of 2,800 New York rental apartments that were set to age out of affordability requirements. Thanks to a deal brokered with the support of Council Member and the Roosevelt Island Operating Corporation, two-thirds or 1,800 of these apartments, including more than 600 on Roosevelt Island were preserved as affordable in exchange for tax breaks for L+M and Invesco the two companies that made the buy. These apartments had been developed under New York State’s Mitchell-Lama affordable-housing program but many had left the program and were no longer subject to rent restrictions.
In May of 2019 Kallos worked with Extell Development and HPD to build 28-units of affordable housing starting with incomes of $36,858 for individuals to $96,800 for a family of six (at 70% to 80% of the area median income. The properties are located on 1768 Second Avenue at 91st Street across the street from his district office. The new buildings also offer private childcare on the ground floor operated by Alef Bet Preschool.
In August of 2018 Council Member, Kallos collaborated with supportive housing organization Win and construction companies RiverOak & Azimuth Development to open up a seven-story building located at 316 East 91st Street, which contains 17 one- and two-bedroom apartments dedicated for homeless women and children. That same year in May, Council Member Kallos also partnered with Urban Pathways to open the Howard Amron House, an 11-unit building on the Upper East Side of Manhattan. That facility houses formerly homeless individuals and offers residents supportive services like case management to encourage independence and wellness.
In February of 2018, Kallos worked with Azimuth Development and HPD to open a 21-unit residential building located at 321 East 60th Street in the Lenox Hill section of Manhattan. All of the units in the building are 100% permanently affordable to low-income households earning at or below $53,440 annually.