Hundreds of Affordable Housing Units Available Through Lottery

Hundreds of Affordable Housing Units Available Through Lottery

A number of affordable housing units will soon be made available via lottery systems. Here is a look at a few of the upcoming options.

160 Affordable Apartments for Seniors Coming to Staten Island

Located on the campus of Seaview Hospital, 160 affordable apartment for seniors are currently up for grabs. Spread out over two five-story residential buildings covering 140,000 square feet of space and connected by underground amenities that they share, the development boasts 82 studios and 78 one-bedroom units. Developed by Douglaston Development and designed by Magnusson Architecture and Planning, the units are only available to low-income applicants with a maximum of $38,200 for a household of two. Applicants must also be qualified for Section 8 and at least one member of the household must be 62 or older. Those selected via the lottery will pay 30 percent of their income.

Amenities include an indoor common area, a laundry room, an outdoor patio and 161 at-grade parking spaces. A percentage of the apartments have been set aside for those with vision, mobility or hearing disabilities. Current residents of New York City will receive preference for the apartments, with applications due by April 5.

East Village Apartments Launch Affordable Housing Lottery

Located in the building at 524 East 14th Street, Extell’s East Village project has launched its affordable housing lottery. A total of 50 affordable units are available within one of the development’s two buildings. Units available range in size from studio through two-bedroom, with rents starting at $1,114 for a studio. Rents for one-bedroom units start at $1,196 while rents on two-bedroom units start at $2,733. The rentals are available to those making 70 percent of the area median income and to those who are making 130 percent of the area median income, which equates to anywhere between $40,080 to $124,020 depending upon family sizes.

For an additional fee, residents will also have access to a number of amenities. Among these are a children’s playroom, a fitness center, a residents’ lounge, an indoor pool and a steam room. The development will also house the neighborhood’s first Target along with 100 market-rate units.

Affordable Apartments Up for Grabs in Midtown West

A massive development at 606 West 57th Street will soon be launching its lottery for 258 affordable apartments. Developed by TF Cornerstone, the development offers a total of 1,028 units. 259 of these apartments will be available through a lottery system to residents earning either 40, 60 or 120 percent of the area median income. On the low end of the spectrum, studios will start with rents as low as $613 per month while the most expensive three-bedroom units will go for as much as $2,902 per month.

On average, the units will offer 950 square feet of living space while the building itself will offer a number of amenities for residents to enjoy. Among these are a basketball court, a lounge, a party room, a children’s playroom, a rooftop garden, a screening room and a pet spa. The development also has 400 parking spaces and 550 bike storage spaces. Those who are interested need to have their applications in by April 10.