You are reading

31 Units Up for Grabs in Greenpoint ‘Affordable’ Housing Lottery, Studios Start at $1,288

470 Manhattan Ave. (Hill West Architects)

May 1, 2020 By Allie Griffin

An affordable housing lottery has opened for 31 units in a new Greenpoint apartment building, where rent starts at $1,288 a month for a studio.

The apartments are a mix of studios, one-bedroom units and two-bedrooms units at 470 Manhattan Ave and are available to people who make between 80 and 130 percent of the area’s median income.

Seven studio units with a monthly rent of $1,288 are available to households of one to two people who make between $49,543 and $72,800 combined annually. Four studio units with a monthly rent of $2,236 are available to households of one to two people who make between $76,663 and $118,300 combined annually.

Nine one-bedroom units that cost $1,351 a month are available to households of one to three people who make between $52,492 and $81,920 combined annually. Four one-bedroom units that cost $2,364 a month are available to households of one to three people who make between $81,052 and $133,120 combined annually.

Five two-bedroom units that cost $1,638 a month are available to households of two to five people who make between $63,600 and $98,240 combined annually. Two two-bedroom units that cost $2,856 a month are available to households of two to five people who make between $97,920 and $159,180 combined yearly.

A full breakdown of income requirements is listed below. Minimum income requirements may not apply to applications with Section 8 Housing Choice vouchers or other qualifying rental subsidies.

Tenants are responsible for paying for electricity and gas in addition to the monthly rent.

The building has an on-site superintendent and offers various amenities including a rooftop terrace, fitness center, bike storage, resident lounge, package room and in-unit washer/dryer and microwave.

Nearby transportation includes the G train and B43 bus.

The deadline to apply to the affordable housing lottery for 470 Manhattan Ave. is June 29, 2020. Mailed-in applications must be postmarked by that date.

Those eligible can apply to the housing lottery online here.

While the units are given out to eligible applicants through a lottery, some preference is given to applicants with vision, mobility and hearing disabilities.

The building will receive a tax exemption as a result of participating in the affordable housing lottery.

email the author: news@queenspost.com
No comments yet

Leave a Comment
Reply to this Comment

All comments are subject to moderation before being posted.

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Recent News