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‘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

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