On October 15, the Hunter's Point South development in Long Island City launched a massive affordable housing lottery for 925 below market-rate apartments for low- and middle-income New Yorkers. Now, less than two weeks later, there have already been over 25,000 applications. By the time the lottery closes in December, that number could be close to 100,000.
As The Observer points out, the Hunters Point South lottery demonstrates the exceptionally high demand for affordable housing in Western Queens, and will almost certainly affect the current debate over the Astoria Cove project. That affordable housing plan—following a standard 80-20 model—has been called "atrocious" by housing advocates.
At Hunters Point South, one-bedrooms for moderate-income renters start at $1,965/month.
· Hunter's Point Affordable Housing Lottery Draws 25,000+ Applications In First Week [NYO]
· All Hunter's Point South coverage [Curbed]