Of the 49 studio, one- and two-bedroom apartments in the lottery, all income restricted and rent stabilized, 33 could be deemed truly affordable for families earning 60 percent of the Area Median Income.
The cheapest apartments included in the lottery are 15 studios at $1,467 a month for households of one or two people, making them accessible for low-income families.
Designed by Aufgang Architects, the pet-friendly building includes a gym, rooftop terrace, covered parking, bike storage, and an on-site manager, emphasizing the shift towards modern affordable living.
The remaining units in the complex will be unregulated, highlighting the juxtaposition in affordable housing availability and the challenges faced by low to moderate-income families.
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