A new affordable housing lottery has launched on the UWS, but it might not fit everyone’s definition of ‘affordable.’
Through NYC Housing Connect, applications are currently being accepted for 24 resale apartments at 609 Columbus Avenue (between 89th and 90th streets), a co-op building known as Turin House.
The apartments range in size from studios to four-bedrooms, and prices start at about $550,000 for some of the studios. The largest apartments, with four bedrooms, are going for just under a million.
As far as income requirements go, the acceptable range is between $135,709 and $326,205, depending on how many occupants plan to live in each apartment and what apartment you’re trying to buy. This income range represents 165% of the area median income, or AMI. A maximum of nine people can live in the largest units.
All prospective buyers are required to live in the apartment as their primary residence, and if you’ve ever owned a residential property, you won’t be considered.
If you’re confused, an information session will be held via Zoom on September 20. Details about that are in the link at the bottom of this article.
The building comes with amenities including “24 hour security, bike storage, storage units, indoor garage parking (subject to availability, pet friendly, packaged area, private courtyard and garden, community room, common area Wi-fi, 24hrs laundry room and on-line property management access,” according to NYC Housing Connect.
This lottery will be open until October 2. Anyone who’s interested can learn more here.