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We love New York, but we'll never love how expensive it's gotten to live in this city. Luckily, housing lotteries still allow us to snatch luxury apartments at well below the market rate. The bad news? The competition can get very, very fierce.
But in this house, we don't give up. Another affordable housing lottery just opened up in a new building in Greenpoint, so we just got another shot at snatching our dream apartment. Here's everything you need to know about how to take part.
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Where is it?
The new development is located at 18 India Street, which sits along the Greenpoint waterfront.
What units are available?
The most affordable units are for families earning 75 percent of the Area Median Income. They include 18 studios, 34 one bedroom apartments, and 32 two bedroom apartments
How much do they cost?
The monthly fees are around $1,537 for a studio, and you have to make anywhere between $55,612.00 to $76,090.00 to qualify. One bedrooms are $1,639, and a single person household has to earn between $59,520.00 and $76,090.00 to qualify. Two bedroom apartments are $1,953, and you have to earn between $71,349.00 and $87,010.00 to qualify. The numbers vary based on household number.
What else do we know about this building?
Amenities are becoming increasingly important for New Yorkers, and this building has no shortage of features that will make your life easier. In and around the building, you'll find lounges, terraces, and a riverfront park. There's also co-working and conference areas that will ensure privacy and convenience for remote work, as well as a two-story gym and rooftop pool put wellness first. Residents are allowed two pets per household, with restrictions.
What’s nearby?
You're three blocks from the famous Radio Bakery and a couple of blocks from MADRE, a restaurant known for its innovative new American dishes. You're also right at the waterfront, so getting to the heart of Williamsburg shouldn't take more than a couple of minutes on a bike.
How do I apply and by what date?
First, you have to create an account on NYC Housing Connect, the main portal for the city’s affordable housing lotteries. You can find this listing here. You have until March 28.