New York launches ShareNYC to encourage affordable co-living projects

New York– New York City’s Department of Housing Preservation and Development has launched a pilot program, titled ShareNYC, that will encourage the development of affordable co-living projects with the help of city funds. The program will seek proposals for private development sites, and particularly favor those that offer units for very low-income New Yorkers. Most of the co-living units will have bedrooms that range in size from 150 to 400 square feet, both private and shared bathrooms, and a shared living room and kitchen. The city will also entertain proposals that have a mix of affordable and market-rate units.

 

The city’s pilot program includes a request for information (RFI) and/or expressions of interest (RFEI) where developers will be asked to outline how they plan to design, build and manage these co-living spaces. The city has set a deadline of March 14, 2019 for the proposals and is hosting a conference on Nov. 30 this year for applicants to get more information on the pilot program. The new apartments will be part of the city’s Affordable Housing 2.0 agenda to create and preserve 300,000 affordable homes in the city by 2026.