As previously reported, the new 14-floor building— called East Village Homes — will feature 44 affordable apartments and a ground-floor community facility on this long-vacant, city-owned parcel that Asian Americans for Equality (AAFE) is developing via New York City's Department of Housing Preservation and Development.
And now, 36 of the units are available in a lottery for residents at 50 to 140 percent of the area median income (AMI) ... ranging in eligible income from $32,229 to $180,460. Half of those 36 units are set aside for residents who live within the confines of Community Board 3.
More details via the AAFE website:
7 apartments are designated for residents at 50% of Area Median Income (AMI), 14 units at 80% of AMI and 15 units at 140% of AMI. An additional 8 residential units are reserved for formerly homeless individuals and families, utilizing Section 8 vouchers.The building includes ... a shared terrace on the 11th floor overlooking East Houston Street. The project is utilizing Low Income Housing Tax Credits.
Dec. 20 is the deadline for application. Find information on how to apply via this link. That link also provides a breakdown of the monthly rent and income eligibility for the units, which range from $857 for one-bedroom apartments to $2,774 a month for two-bedroom apartments.
A second phase of the East Village Homes project is expected to create 10 additional affordable rental apartments on a separate site at 276 E. Third St. Construction has yet to commence there between Avenue C and Avenue D.
Previously on EV Grieve:
Nice to see a new building with affordable housing options. I wish there were more of them!
ReplyDeleteHousing lottery, now your life depends on chance since anything affordable for working class people has vanished.
ReplyDeleteYou’re right.
ReplyDeletemedian income is too high for me
ReplyDeletemedian income is too high for anyone. no more luxury development, the rent is still too damn high
ReplyDeleteFor a "tip" you can get in better odds with that lottery! Fact!
ReplyDeleteAbout "phase two" - wowee, some day there'll be 10 whole units of affordable housing in a building where "construction has yet to commence"! Ain't that amazing?!
ReplyDeleteAnd this is why NYC is a failure at providing affordable housing: drip, drip, drip. Nothing good ever happens at a normal pace. But LUXURY rental buildings go from start to finish in a matter of months.
They must be holding up construction on this new building while they decide where to put the "poor door".
I have never understood the math on these lotteries. I make too much money for a studio, but I don't make enough to qualify for a 1-bed.
ReplyDeleteMost people in need of affordable housing can't afford to buy. Only rent
ReplyDelete