Lottery is Closed, but Options are Open

 

What is the Lottery?

225 east 39th street apartments

In this case, the “Lottery” refers to affordable housing units in Manhattan. Affordable housing units are rentals set aside in new developments that potential tenants submit applications for a chance at the lottery and the opportunity to live in one of these new apartment units at a reduced rental rate.

There’s no one formula to find out if you qualify for affordable housing. Qualifications for obtaining affordable housing is based on household income falling between a particular development’s upper and lower limits; household members meeting guidelines, a history of good credit—and obviously, no legal, criminal or housing issues. New York City Housing Preservation and Development aka HPD has a centralized portal called NYC Housing Connect, which allows users to create a profile, search housing lotteries that are currently accepting applications, and, in some cases, apply to buildings right online (others still require a snail mail application request).

According to the portal, “After the deadline, applications are selected for review through a lottery process. If your application is selected and you appear to qualify, you will be invited to attend an interview to continue the process of determining your eligibility. Interviews are usually scheduled from 2 to 10 months after the application deadline. You will be asked to bring documents that verify your household size, identity of members in your household, and your household income.”

225 East 39th Street Apartments
apartments in Manhattan with barbecue

It’s rare to find apartments in Manhattan with barbecue stations on their 35th floor roof deck top. It’s not often you’ll find apartments with pool on 39th Street. But at 225 East 39th Street Apartments you will find both and much, much more. Cool, blue and curvy, the 225 East 39th Street Apartments also known as House 39225 east 39th street apartments , is located in Murray Hill and scheduled to open early 2017. House 39 is 37 stories high, contains 373 apartment rentals including 75 apartments for Affordable Housing. 225 East 39th Street offers an impressive pack of amenities, including a fitness center, swimming pool, children’s playroom, hot tub and sauna, yoga studio, lounges, a café, a library, game room, outdoor terrace, courtyard garden, 35th floor roof deck with cabanas and barbecue stations, bike storage and on-site parking. A New York minute walk to Grand Central Station and the 33 Street Subway Station, House 39’s location is ideal and a deal not to pass up.

House39 Lottery is Now Closed

If you missed out on the lottery at House39 don’t fret. Here’s another lottery… The lottery for 169 affordable apartments at 435 West 31st Street, the rental tower in mini-megaproject Manhattan West, opened on September 6 bringing with it studio apartments priced from $913 per month. Rentals up for grabs include 53 studios, 89 one-bedrooms, 25 two-bedrooms, and two three-bedrooms. As with all affordable housing lotteries, strict income brackets apply.

The annual income of those applying must be between $32,640 and $38,100 to be eligible for a $913/month studio; between $34,972 and $43,500 for a $980/month one-bedroom; $41,966 and $54,360 for a $1,183/month two-bedroom; and $48,446 and $64,060 for a $1,359/month three-bedroom. Income brackets are contingent on the size of the household. The affordable rentals come with complimentary access to the building’s bike repair station, children’s playroom, library, lounge, game room, and laundry room. Additional fees apply for access to its storage, bike storage, gym—a La Palestra that offers up classes and a full-sized basketball court—pet spa, arcade, golf simulator, and rooftop lounge.

 

 

m.

 

Leave a Reply