Affordable Housing Lottery Opens For Essex Crossing’s 140 Essex St.
The affordable housing lottery for the next Essex Crossing building just got underway. Seniors (62+) may now apply for 84 low-income studio apartments at 140 Essex St. It’s the fourth city-sponsored lottery held so far for the mega-project being built in the former Seward Park Urban Renewal Area.
The 8-story building, which replaces a mostly unused section of the old Essex Street Market, will include ground floor retail, in addition to apartments on the upper floors. Construction is expected to be completed by the end of the year.
The studio units will be available at 30, 50 and 60 percent of Area Median Income (AMI). Most applicants are required to earn annual incomes between $13,303 and $51,240, although up to eight Section 8 vouchers are available for residents who do not meet the minimum income requirements. Monthly rents will range from $331 to $761. In addition to the 84 units up for grabs in the housing lottery, eight apartments are being set aside for formerly homeless seniors. There’s a 50 percent preference for Community Board 3 residents (Lower East Side/East Village/Chinatown), and 50 percent of the community preference units are prioritized for former residents of the urban renewal area.
To apply online, go to nyc.gov/housingconnect.To request an application by mail, send a self-addressed envelope to: Essex Crossing Site 8/Triborough Finance New Station, PO Box 2011, New York, NY 10035-9997. Applications must be postmarked or submitted online no later than August 20, 2019.
As we mentioned the other day, there will be an info session for the housing lottery next Wednesday, June 26. You can see more details about that here.
Essex Crossing includes 1.079 apartments, 561 designated as below-market rate. There’s one other senior building as part of the project, 175 Delancey St., which includes 99 residential units, as well as a publicly accessible senior center operated by Grand Street Settlement.