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Another ‘Affordable’ Housing Lottery Opens in Long Island City, 1 Bedrooms Go for $2,345

(NYC HPD)

Oct. 2, 2020 By Michael Dorgan

More than three dozen “affordable” apartments in a newly constructed building in Long Island City are up for grabs through the city’s affordable housing lottery.

The building, called “The Cove,” is located at 43-12 Hunter St. and 37 “affordable” housing units are available for those who earn at least $68,000 a year.

The Cove, developed by Rockrose, is 18 stories and consist of 123 units, with 86 being market rate.

Applications for the “affordable” units are now open and applicants are required to apply on the NYC Housing Connect website. The lottery is open until Dec. 4.

There is a mix of studio, one-bedroom and two-bedroom “affordable” units on offer.

There are 19 studio apartments available for $1,990 a month to households of one or two people who earn between $68,229 and $118,300 combined annually.

Additionally, there are 13 one-bedroom units on offer for $2,345 a month to households of one to three people who make between $80,400 and $133,120 combined annually.

Five two-bedroom units are available for $3,072 a month to households of two to five people who make between $105,326 and $159,640 combined annually.

A breakdown of the full income requirements is below. The lottery does not provide a preference–or a set aside– for residents of Community Board 2, which covers Sunnyside, Woodside and Long Island City.

The complex features a rooftop terrace, a recreation room and a shared laundry room.

Each unit comes with built in-unit washers and dryers and high-end kitchen appliances. There are also bicycle spaces.

There will be retail on the first floor of the building.

The lottery is taking place at the same time that 185 “affordable” units in TF Cornerstone’s Hunters Point South development are on offer.

Applications for that building are open until Nov. 23. Half of the affordable units in that lottery are being set aside for residents of Community Board 2.

(NYC HPD)

(NYC HPD)

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10 Comments

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Tom Joad Jr.

Mmmmmm, affordable should be more like $900 to $1100 per month for a one bedroom given the Tax Incentives the project received. Get rid of the egregious Real Estate Speculators that continue to prey on NYC residents.

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gag

While more units is better than less units due to increasing supply, filtering, and whatnot; it’s a real failure of the city that they’ve been totally incapable of bringing down prices after about a decade of trying.

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ASensibleMan

It’s not the city’s job to bring down prices. The problem with costs was because NYC had things that millions wanted: relatively clean, crime free streets and a load of fun things to do. Well, in about six months DeBlasio and Cuomo have conspired to end all that. Now we have filth, rapidly increasing crime, and very little to do.

Prices will start to go down because demand will go down. Who wants to live in the Democrat dystopia where you’re as likely to get arrested for reporting a crime as you are for committing one? They wanted to do this all along. The fake pandemic gave them the excuse. It’s all downhill from here.

Well maybe if Biden wins they’ll suddenly reveal that coronavirus was a nothing burger in NYC after May and we can go back to normal. They’ve known it all along.

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Kerry

Whoever deemed it “affordable” for someone with a gross income of $68,400 to pay nearly $24,000 for a STUDIO clearly has lost touch with reality. Cut that in half and now it’s actually becoming affordable.

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DeeDee

Well… I just qualify to apply for a studio… but are you kidding me!? If I were to get this I wouldn’t be able to live any kind of a life?! I’d only be working to pay for the apartment. Maybe if it were within AMI was at 100% instead of 130%(!?!) I could afford to live in my own neighborhood comfortably. Gentrification at it’s finest, keep pushing out those who’ve lived here the longest.
This is so discouraging.

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