Soho’s New Affordable Housing Win | Real Estate News
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Soho’s New Affordable Housing Win | Real Estate News
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Soho’s getting a major housing boost with a 20-story affordable tower at 257 Canal Street, offering 88 permanently affordable units—half of them supportive housing for young adults leaving foster care. Landmarks Preservation Commission gave it unanimous approval, praising its design and fit with the neighborhood. This project is part of a broader rezoning effort to bring more affordable housing to historically affluent Soho, backed by city funding and rental assistance. It’s not the first new development since rezoning kicked in—just last month, another big project at 277 Canal Street got the green light. Developers with a track record in affordable housing are behind this one, signaling a promising step toward meeting Soho’s housing needs while integrating vital support services into the community.
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This is an automated, high-level news summary based on public reporting.
Sources:
https://therealdeal.com/new-york/2026/09/15/soho-affordable-build-at-257-canal-gets-landmarks-ok/
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