By Carol Tannenhauser
An affordable housing lottery has launched for Turin HDFC, a subsidized, low-rent, 19-story cooperative building at 609 Columbus Avenue on the corner of 90th Street, WSR learned from NY YIMBY. Twenty-four resale units for residents at 165 percent of the area median income (AMI), ranging in eligible income from $135,709 to $326,205, are available on NYC Housing Connect — which indicates that the status is “Waiting List,” and that the lottery ends on October 2, 2023.
According to NYC Housing Connect, “Turin HDFC has numerous amenities: 24-hour security, bike storage, storage units, indoor garage parking (subject to availability), pet friendly, package area, private courtyard and garden, community room, common area Wi-fi, 24-hrs laundry room and on-line property management access. Turin is located within a prime transportation hub, there is easy access to the 1, 2 3, B and C trains and M7, M10 and M11 buses. Turin HDFC is located one block away from Central Park and four blocks away from Riverside Park.”
For more information and instructions on how to apply, go to NYC Housing Connect. Click on “open lotteries,” and remember this is a sale not a rental.
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$135,709 😂😂😂😂😂
You should see the “unaffordable” apartments.
Yes not everyone lives in rent stabilized housing and has food stamps. That amount isn’t a lot for two income households in Manhattan.
That amount is for one person. For a studio.
A single person making $135,000 a year can afford a market rate apartment and does not truly “need” subsidizing. It’s folks who don’t even make half of that, and others who have minimum wage, who need assistance. The fact that apartments are absurdly overpriced in all five boroughs is a testament NOT to the cost of running most buildings, but to the greed of owners, developers and the like. Plenty of people with a lot less income are paying market rates and not getting food stamps or any public assistance. They’re just doing without a lot of things like health insurance, etc. to afford rent.
I don’t live in rent-stabilized building, never have. Never have had food stamps or any other hand-outs.
I’m a white collar professional with Masters degree. I can’t afford this “affordable housing”.
The city is becoming the land of heavily subsidised housing such as NYCHA or migrants in luxury hotels. Otherwise you have to be an upper class Average middle class is fleeced to make room for non-working class.
Well two income households can afford this. I’m sorry you aren’t doing as well as you’d like. I’m not a white collar professional with a Masters degree. I can afford this. Perhaps you can find something affordable on NYC Housing Connect or move to a cheaper city.
The point of my comment was not meant to ask your advice on my housing or relocation situation. It clearly meant that so called “affordable” housing is hardly affordable. $135k for one person for a studio at HDFC in addition to being lottery- based is hardly in an affordable category.
In the past (not decades ago, but a few years ago) the affordable housing started with something like $50k. Recently Housing Connect started posting these “affordable” apartments some of which go for over $180k per person.
I suspect these comments might be from those not familiar with the New York City housing market. In NYC, a price tag of $135k is actually seen as affordable. If you do some research, securing anything below $250k or $300k, especially around 90th and Columbus, is quite a steal. Finding a home for $135k is not only a great deal but also reasonably priced. I genuinely hope more options in this price range become available, giving everyone the opportunity to buy a home in NYC for under $200k.
The apartment is not $135.000. That’s the minimum income to qualify.
Affordable is a relative term . Ask ten people and you’ll get ten different answers. If it was 50k people would complain about it. Also if it was so unaffordable they wouldn’t need a lottery. Obviously there is a demand at this price point for a building with these amenities in this location.
“Affordable housing” is not only intended for the poorest residents. Rentals/coops/condos are so high priced that middle income folks need help too. Yes, these seemingly high incomes are middle income by the definition of “165 percent of the area median income (AMI)”. Those impressive incomes don’t go as far here as they would out of NYC and we all keep saying the middle class is being squeezed. Why must a neighborhood have only the richest rich or the poorest poor?
I always pass by this building and wonder about the metal cages on the outside. They look like fire escapes but there are no stairs or ladders between them, and they’re only on every other floor, so some apartments don’t have them. What are they?
The metal cages are egress in case of an emergency and they are only on the top floor of each apt. as the building is a duplex.
I’m confused. Is 135,709 the required maximum or minimum inome? Or is it the buy in price of the unit?
Minimum income to live there
How is this considered low income housing? $135,000/yr for1 person in a studio apartment is hardly low income.
Nowhere in the article is this called “low-income” housing. It’s for people “at 165 percent of the area median income.” Whether or not the income numbers are accurate depends on how “the area” is defined.” Nowhere are studio apartments mentioned. (Nor does the article specify how much the coop apartments will cost people within the stated income range, or what “low rent” means – I assume it means low coop maintenance fees. Some lucky lottery winners may get great deals. Or not.)
https://housingconnect.nyc.gov/PublicWeb/details/3532?utm_source=BenchmarkEmail&utm_campaign=Turin_HDFC-_Waiting_List&utm_medium=email
Studio is mentioned.
One wonders who set this AMI, which has nothing to do with NYC reality.
Area Median Income is set annually by federal government (HUD).
https://www.nyc.gov/site/hpd/services-and-information/area-median-income.page
https://ami-lookup-tool.fanniemae.com/amilookuptool/
https://thenyhc.org/wp-content/uploads/2022/11/AMI-Policy-Brief-Final.pdf
For record HUD does not calculate AMI just for city, but entire NYC Metropolitan area. This includes the incomes of households in all five boroughs along with surrounding
Westchester, Putnam, and Rockland counties.
HUD uses same formula for many other metropolitan areas across USA.