29-19 Newtown Ave. (Photo: NYC HPD)
Sept. 28, 2020 Staff Report
If $2,241 per month for a studio meets your definition of affordable—then there is a lottery for you.
A new “affordable” housing lottery has opened with 14 units on offer in an Astoria development.
The units, located at 29-19 Newtown Ave., include studios, one bedroom and two-bedroom apartments. Applicants have until Oct. 16 to apply and units will be awarded to qualified tenants via a lottery.
Two studios are on offer that will rent for $2,241 per month; five one bedrooms at $2,362; and seven two bedrooms are going for $2,849.
All units are going to tenants that earn 130 percent of the area median income. Therefore, the minimum income for an individual seeking a one bedroom is $78,858. For a two bedroom, the minimum income for a couple is $91,715.
The building, which is 8 stories and contains 44 apartments (including 30 market rate units), is located two blocks away from the 30th Avenue subway station which serves the N, W trains.
The units come with a patio/balcony, dishwasher, high-end kitchen appliances and countertops. The building includes covered parking, bike storage lockers, outdoor space and a gymnasium. There will also be a community center.
To apply, click here.
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6 Comments
The affordability system is a complete joke. Giving tax breaks to developers to they can make a unit or two “affordable” isn’t working, we need something more extreme. Allow developers to make a building as tall and as dense as they want but it will have to have strict price controls.
the article clearly says “…44 apartments (including 30 market rate units)”
That’s 14 affordable units, almost a third of the building. But I’m sure you’d rather 100% of the units be “affordable” – despite the fact that this would make the project economically unfeasible.
lol 2241 during the pandemic with record breaking unemployment? these greedy developers never stop
Trump caused the record unemployment AND is a luxury real estate developer…you’re against both of those things? I’m not, but then again I’m a patriot.
this is hilarious.
right now (i just checked), you can get a studio in a legit luxury high rise (with amenities), and in more desirable locations across the city for less than what is being asked for a studio in this dwarfy building.
i do concede that the applicant requirements might be more restrictive based on 35-45x income depending on which building / location. however, might be more relaxed now with people fleeing certain areas and unemployment on the rise.
do your research, people!
and dont ask how to apply – link is in the article!
You wrote “more desirable locations” but a desirable location is really in the eye of the beholder. Real estate is all about location, location and location.