By Gus Saltonstall
Two housing lotteries recently launched for apartments within an Upper West Side Mitchell-Lama building.
The pair of units are both within 110 West End Avenue, between West 63rd and 64th streets, and will be accepting applications through January 28.
The Mitchell-Lama program was signed into law in 1955 and aims to provide affordable and cooperative housing to moderate and middle-income families in New York City.
Here’s more information on the two available apartments.
One-Bedroom Apartment at 110 West End Avenue: Apply HERE
- Purchase Price: $120,435
- Income limit depending on household size: $33,480-$182,250
- Monthly maintenance fee: $570-$837
Two-Bedroom Apartment at 110 West End Avenue: Apply HERE
- Purchase Price: $138,246
- Income limit depending on household size: $41,160-$138,246
- Monthly maintenance fee: $700-$1,029
To apply for either apartment, you must also be at least 18 years old, a New York state resident, and pay a $75 application fee.
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What is never clear is whether there is an asset limitation as well. They always tell you about the annual income range requirement, but they very rarely inform us whether assets are also taken into consideration?
So someone who worked for decades and saved money for retirement should be excluded/punished for doing so?!? I understand they want to weed out scammers but by doing so, they exclude hard working middle class people who deserve a break regardless..
Theyr not going to tell you that in basic advertisement. However you can find that informarion on line. Mitchell lama apartments always have asset limits at the entry point
Hi entere
What a scam! $75 application fee, probably at least 100k people applying $75 x 100,000 = $7.5 million!
I think that fee is for once you win the lottery and want to continue to apply.
YES!! lol
That NYC has housing “lotteries” where a tiny handful of people literally get “lucky” shows how disfunctional the NYC housing market is. Get rid of rent-stabilization and red tape and lotteries. Let the free market in, and I guarantee the stock of housing will dramatically increase, prices will decline, and rents will decline. It happens everywhere else ….. get the meddling politicians out and it’ll happen here!
It sounds like you might not be too familiar with rent stabilization laws in NYC. New developments are never subject to rent stabilization unless the developer wishes to avail themselves of specific subsidies, so how would getting rid of it increase housing stock? If rent stabilization goes, so would the subsidies associated with it. You’d be taking away the one incentive for a developer to build affordable units. You might be aware that Manhattan is an island, and (Battery Park City aside), they’re not making any more of it. Unlike Denver (for example), NYC can’t sprawl out over hundreds of square miles of essentially empty real estate surrounding it. That essentially limits the supply that can be created, and it’s always more profitable to build and sell a luxury unit than an affordable one, so developers have no incentive (other than those tax breaks/subsidies) to build for the working/middle class. And it’s not like they’re having all that much trouble selling those million-dollar studio apartments, are they?
The 80/20 program is a joke! The developers are required to set aside twenty percent of units in new development for low to middle income units HOWEVER, they use a factor called AMI (area median income) which calculates income of area residents where building is being constructed. The result is a small percentage (usually LESS than twenty percent) of the units are priced at studios starting at $2450 a month! That’s affordable?!? For whom??
sessig7@gmail.com
Does it need to be said? When $120K is “affordable” housing available through a lottery, there is something VERY wrong with housing prices.
I couldn’t agree more! And with their 80/20 program they use the AMI (area median income) to factor as to what the ‘affordable units’ would rent for. Recently many of the developments have studios starting at $2350 a month. That’s affordable?!?! For who??
I am in dire need of a studio or 1 bedroom ASAP
I am a quiet single 60 year old women also keeps my place neat
New York citizens should find it bizarre & troubling that the word “Affordable” & anything over 50k are used in the same sentence.
The links lead to a single HPD page that only has a countdown.
The Housing Connect link on HPD’s Mitchell Lama page only leads back to the same page with a countdown.
There is no access to the application page.
Thank you for that information
Any $2M apartments?