In the Financial District, 97 affordable apartments hit the housing lottery

The SLCE Architects-designed building at 118 Fulton Street, due to bring 483 new apartments to the Financial District, has launched the affordable housing lottery for 97 of those units.

The building, dubbed 19 Dutch, has 31 studios, 56 one-bedrooms, and 10 two-bedrooms up for grabs. They’re earmarked for those earning 40 percent of the area median income, which ranges from $28,903 to $57,240 annually, depending on the size of the household. The affordable studios are priced at $788/month, one-bedrooms go for $847, and two-bedrooms are priced at $1,025.

Plans for the tower, located at 118 Fulton Street, have been in the works since early 2013; developers Carmel Partners originally planned for a 49-story building with 483 apartments but eventually decided to construct a 63-story skyscraper.

There will be 8,100 square feet of retail space split between the cellar, ground, and second floor. For an extra fee, winners of the affordable housing lottery can gain access to the building’s amenities, including a fitness center, bike storage, children’s playroom, and a resident’s lounge.

GKV are the exterior architects.

Applications will be accepted through April 10.

• 118 Fulton Street [Housing Connect]
• Financial District’s 63-story Fulton Street rental is scaling new heights [Curbed]