Affordable Housing Lottery Launches for Essex Crossing’s 26-Story ‘Gateway’

Posted on: December 14th, 2017 at 5:03 am by

This is the week of Essex Crossing updates. A torrent of news is coming out of the Lower East Side mega-project, with the latest being the launch of the affordable housing lottery inside the “Gateway” tower at Essex and Delancey Streets.

There are a total of 98 affordable apartments up for grabs at 115 Delancey Street, ranging from studios to three-bedrooms, and available to households earning between 40-percent and 165-percent of the area median income. As for rent, you’re looking at $519 per month for a studio (with income restrictions of $19,680 to $26,720) to $3,424 per month for a three bedroom (with income restrictions between $119,966 and $182,655).

As previously reported, residents living within the confines of Community Board 3 will receive preference for 50-percent of the affordable units. Former site tenants booted by the SPURA slum clearance program fifty years ago receive an even higher priority.

The remaining 100 apartments in the building, meanwhile, are market-rate. Residential amenities include a part-time lobby attendant, on-site superintendent, communal terraces, fitness room, yoga room, children’s playroom, bicycle storage and resident lounge.

Head over to NYC Housing Connect for more information.

At a zoning-busting 26 stories, this Site 2 monolith – complete with shit-brown cladding – is the tallest of the Essex Crossing buildings. Aside from the residential component, it also sports the revamped Essex Street Market (opening September 2018), Market Line, and 14-screen Regal Cinema.

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