An affordable housing lottery for 30 new apartments was just announced in the Exhibit Downtown, one of the Financial District’s hottest new rental buildings.

Photo of the Exhibit Downtown

Arresting interiors from designer Andres Escobar reflect New York City’s raw past with poster-size images of ’70s clubs such as CBGB, and stars from the punk era such as Patti Smith and the Ramones. What makes this lottery even more interesting, though, is that it offers several levels of eligibility.

Applicants must earn 40 percent, 60 percent or 130 percent of the area median income. That invites people and households who make between $22,903 and $30,560; $36,640 and $57,240; and $74,435 and $124,020, respectively. See the chart below.

Illustration of available units in house lottery

Rents will range from $613 to $659 for those making 40 percent of AMI; $985 to $1,082 for those earning 60 percent of AMI; and $2,116 to $2,733 for those earning 130 percent of AMI.

To apply online, go to NYC Housing Connect. To request an application by mail, send a self-addressed envelope to: 60 Fulton, c/o Housing Partnership Development Corporation, 242 W. 36th St., 3rd Floor, New York, NY 10018.

Applications must be postmarked or submitted online no later than April 23, 2018.

Market rates for apartments at Exhibit Downtown are substantially higher than the affordable housing rates. Currently, 1-bedroom units are renting for more than $3,700, while 2-bedroom units start at $5,290.

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