Waitlist opens for middle-income apartments at downtown’s historic Front Street
In 2005, the Durst Organization and COOKFOX Architects completed a restoration of 11 landmarked rowhouses along the historic, cobblestoned Front Street in the South Street Seaport, preserving the nearly 200-year-old structures. In addition, they constructed three new buildings on the block between Beekman Street and Peck Slip to offer a total of 13 street-level retail spaces and 95 residential units above. The New York State Housing Finance Agency provided more than $46 million in funding for the project, and as such stipulated that five percent of the apartments be reserved as below-market rate. Back in 2012, a waitlist opened for these units, and as of today, the next waitlist is accepting applications. The middle-income homes are available to those earning no more than 150 percent of the area median income and range from $2,268/month studios to $2,913/month two-bedrooms.
According to the posting, “Only the first 500 requests for an application will be honored.” Complete details on how to apply are available here (pdf). Questions regarding this offer must be referred to New York State’s Homes and Community Renewal agency by calling 1-866-ASK-DHCR.
Use 6sqft’s map below to find even more ongoing housing lotteries.
If you don’t qualify for the housing lotteries mentioned, visit CityRealty.com’s no-fee rentals page for other apartment deals in the city.
