Related in talks to buy Astoria affordable portfolio for $115M

Stephen Ross with the Marine Terrace portfolio in Astoria. The Related Companies is in talks to buy a 444-unit Section 8 multifamily property with development rights in Astoria for $115 million, its latest move to add to a giant affordable housing portfolio. Related, which got its start in the 1970s buying and rehabilitating affordable housing, […]

Hasidic neighborhood in Williamsburg is big Section 8 beneficiary

A Hasidic family in Williamsburg (credit: Flickr) One of the hottest real estate markets in New York City is also home to the highest concentration of Section 8 vouchers. A Hasidic neighborhood in South Williamsburg is one of the biggest beneficiaries of the federal subsidy program, according to an analysis by WNYC and the New […]