image of hudson yards housing lottery

Here’s a housing lottery opportunity that ought to really interest New York City residents with lower and mid-level incomes.

The new Hudson Yards mega-development is offering 103 apartments in the 435 W. 31st St. building to qualified tenants. The 62-story tower, which is called the Eugene, contains a total of 844 units. Eligible applicants must earn at either 40 percent or 120 percent of the area median income, which means either $22,903 to $33,400 per year, depending on family size, or $68,709 to $125,160 annually. See details below:


Illustration of 435 West 31st St lottery

These rents are well below the market rates for this type of luxury building. Compare a studio in the same building at a market rate of $3,253 to the discounted rate of $613 a month that lottery winners will be charged.

Likewise, a 2-bedroom apartment on a higher floor at the Eugene lists for $6,767. Meanwhile, a 2-bedroom for lottery winners who earn 120 percent AMI will run $2,519.

Photo of the Eugene

It’s difficult to overstate the sort of housing opportunity this represents, given the commanding change that Hudson Yards means for Manhattan, as it becomes the city’s newest Rockefeller Center — a major business, retail and residential nexus.

To apply online, visit the NYC Housing Connect site. To request an application by mail, send a self-addressed envelope to: 435 W 31 Phase II c/o Breaking Ground, PO Box 3620937, New York, NY, 10129.

Applications must be postmarked or submitted online no later than July 3, 2018.

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