New $125M affordable housing development coming to Hells Kitchen

New York City is facing an affordable housing crisis, but change appears to be on the way.

Ashley Mastronardi

Mar 14, 2024, 12:18 AM

Updated 33 days ago

Share:

New York City is facing an affordable housing crisis, but change appears to be on the way. Rialto West is a $125 million affordable multifamily development rising in Hell’s Kitchen.
“This project will bring much-needed affordable housing to the community, serving a range of income levels - including low- and moderate-income households,” Daniel Arnow, of the Actors Fund Housing Development Corporation, a subsidiary of the Entertainment Community Fund, told News 12.
The building will have more than 150 units. Eligible incomes will range from $38,000 to $196,000 for a family of four, although that range will likely change when the building opens in two years. The building will also have more than 5,500 square feet of community facility space to bring affordable workspaces to the arts community. Developers say the name “Rialto” refers to a theatre district of a city.
“We know that a lot of artists have been displaced from New York City, displaced from this community...so we’re excited to be providing affordable workspace for artists as part of Rialto West,” Arnow added.
The development will also have a 25,000-square-foot pedestrian plaza named after famed playwright Lorraine Hansberry. Building in New York City is complicated, but Rialto West had one extra hurdle.
“This project is complex in that we’re building over an active Amtrak [railroad]. The Empire line runs along this stretch and we’re building an overbuild, a platform basically that will serve as the foundation for our building and then 8 stories over that,” JaVonna James of Douglaston Development said.
The lottery for Rialto West will open next year since it’s still under construction. In the meantime, you can apply for other New York City lottery buildings at www.housingconnect.nyc.gov.


More from News 12
2:13
Residents and local leaders share excitement, concerns on 4 new Metro-North stations coming to the Bronx

Residents and local leaders share excitement, concerns on 4 new Metro-North stations coming to the Bronx

1:34
Officers arrest 43-year-old Bronx man connected to Bay Ridge bar fatal stabbing

Officers arrest 43-year-old Bronx man connected to Bay Ridge bar fatal stabbing

1:42
Rainy and cooler weather arrive tomorrow, Thursday for NYC

Rainy and cooler weather arrive tomorrow, Thursday for NYC

0:26
Fordham University receives $50 million to tackle air pollution, other environmental issues

Fordham University receives $50 million to tackle air pollution, other environmental issues

1:01
Store owner: 5 suspects used ladder to flee from store robbery in Baychester

Store owner: 5 suspects used ladder to flee from store robbery in Baychester

0:33
City Council to discuss helicopter noise complaints plaguing New York City

City Council to discuss helicopter noise complaints plaguing New York City

0:22
Police identify victim in fatal Longwood shooting

Police identify victim in fatal Longwood shooting

0:26
MTA introduces electric-powered vans to Access-A-Ride fleet

MTA introduces electric-powered vans to Access-A-Ride fleet

2:10
Highbridge students learn about the ins and outs of cannabis

Highbridge students learn about the ins and outs of cannabis

Guide: Alcohol addiction recovery support and resources

Guide: Alcohol addiction recovery support and resources

0:27
Jets 'return to roots' with new uniforms that pay tribute to team's 'New York Sack Exchange' look

Jets 'return to roots' with new uniforms that pay tribute to team's 'New York Sack Exchange' look

1:37
Police: 1 man dead, another in critical condition in Mott Haven shooting

Police: 1 man dead, another in critical condition in Mott Haven shooting

0:45
NYPD: Protesters along Brooklyn Bridge arrested for blocking traffic

NYPD: Protesters along Brooklyn Bridge arrested for blocking traffic

1:51
Seniors staying fit through free program in the Bronx

Seniors staying fit through free program in the Bronx

2:32
Community advocates rally and call for changes in aftermath of NYPD's decision in Kawaski Trawick case

Community advocates rally and call for changes in aftermath of NYPD's decision in Kawaski Trawick case

2:03
Black Maternal Health Week: Mother discusses how her pregnancy inspired her to become a doctor

Black Maternal Health Week: Mother discusses how her pregnancy inspired her to become a doctor

1:36
It’s Tax Day: Bronx accountant breaks down what you should know

It’s Tax Day: Bronx accountant breaks down what you should know

1:22
City announces Project Home program to combat domestic violence

City announces Project Home program to combat domestic violence

1:20
Scholar Athlete: Hunter Burgos

Scholar Athlete: Hunter Burgos

1:59
'I can't even use my bedroom.' Mott Haven resident details slew of problems plaguing her apartment

'I can't even use my bedroom.' Mott Haven resident details slew of problems plaguing her apartment