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: