Affordable Housing Lottery Launches at Park 79

An affordable housing lottery for seniors has launched at Park 79 — the former SRO which was shut down for operating as an illegal hotel and acquired by real estate company Fairstead for $22.5 million in 2016. Located at 117 West 79th Street between Amsterdam and Columbus avenues, the seven-story building will offer 77 studio apartments to “seniors earning at or below 50% area median income (AMI), including 24 homes for formerly homeless individuals.” Advertisement A handful of units will also be set aside for individuals with mobility issues (5%) and vision/hearing loss (2%). According to the Housing Connect website, … Continue reading Affordable Housing Lottery Launches at Park 79