In the world of New York City affordable housing, today is a biggie. The two under-construction towers in Long Island City's newly developed Hunter's Point South area, which will be glassy, glitzy, and full of amenities, are launching the official lotteries for their affordable units via NYC Housing Connect (warning: PDF!). Called Hunter's Point South Commons and Hunter's Point South Crossing, respectively, together the waterfront towers contain 925 non-market-rate rentals. Monthly payments start as low as $494/month for some studios (and that's for a one-person household making $18,618 to $23,520 in annual income) and range to three-bedrooms going for $4,346/month (for households of three to six people with a combined income of $151,132 to roughly $200,000). Applications are accepted through December 15. About 50,000 contenders are expected to vie for less than 1,000 spots.
And now for the important details: the rents.
As evidenced by the detailed chart above, there's a wide range of apartments available, and a non-negotiable range of income restrictions for applicants for each type.
The two buildings, located off Center Boulevard around 50th Avenue in Long Island City's southern peninsula, are developed by Related Companies, Phipps Houses and Monadnock Development and designed by SHoP Architects with Ismael Leyva. Here is the official (and long) list of amenities: "public terraces, fitness centers, tech centers, bike storage, a community roof-top garden, party rooms, laundry rooms, a parking garage and a pet amenity. Both buildings will be fully staffed with 24-hour lobby attendants and an on-site resident manager will also be available. All apartments will include dishwashers, and each of the two-and three-bedroom apartments will have in-unit washers and dryers."
When all the apps are in, preference will be given to households with disabilities, current residents of Queens Community Board 2 neighborhoods, and to current New York City municipal employees (5%). One apartment will be reserved for the property manager, so that brings us down to 924 for the rest of us. In early 2015, qualified applicants will hear a status update, and the first move-ins for the selected residents are slated for spring 2015.
· Hunter's Point South Living [official]
· NYC Housing Connect [official]
· Hunter's Point South Living [NYC Housing Connect; PDF!]
· Long-awaited lottery to begin for two towers of affordable Hunter's Point South [NYDN]
· All Hunters Point South coverage [Curbed]