You are reading

‘Affordable’ Housing Lottery–with Studios Going for Nearly $2,250–Opens in Astoria

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.

HPD

email the author: news@queenspost.com

6 Comments

Click for Comments 
gag

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.

Reply
onethirdaffordableisenough

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.

Reply
Anonymous

lol 2241 during the pandemic with record breaking unemployment? these greedy developers never stop

1
1
Reply
Why are you so critical of Trump's pandemic response?

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.

1
2
Reply
somedude

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!

Reply
your_neighbor

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.

Reply

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

Five Queens startups win $20,000 each in 2024 Tech + Innovation Challenge

May. 19, 2024 By Czarinna Andres

A diverse range of businesses, including a yoga studio, an olive oil distributor, a female health care provider, a sustainable mushroom farmer, and an AI-powered physical therapy service, have been named winners of the 2024 Queens Tech + Innovation Challenge (QTIC). Each winner will receive a $20,000 grant to support their business operations.

QBP Richards, advocates rally to demand Mayor Adams restore funding to City’s libraries

May. 17, 2024 By Gabriele Holtermann

A rally was held at the Queens Public Library at Forest Hills on May 16, during which Queens Borough President Donovan Richards, Queens Public Library President and CEO Dennis Walcott, union reps and library advocates called on Mayor Eric Adams to reverse the proposed $58.3 million budget cuts to the New York Public Library (NYPL), the Brooklyn Public Library (BPL), and the Queens Public Library (QBL) for Fiscal Year 2025, which begins on July 1, 2024.

Queens elected officials secure $70 million from New York State Budget for school safety equipment in religious and independent schools

May. 17, 2024 By Anthony Medina

Religious and independent schools throughout the city will soon receive additional funding for school safety equipment, thanks to Assemblymember Andrew Hevesi and State Senator Michael Gianaris, who, after extensive advocacy efforts, successfully secured $70 million from the New York State Budget for 2024-25 for Non-Public School Safety Equipment (NPSE) grants.