The newly launched affordable housing lottery in Hudson Yards raises questions about the actual affordability of units, costing between $1,655 to $3,861 per month.
At a time when median rents hover around $3,800, the high-end studio at $3,015 offers a negligible financial relief of $785 for those qualifying.
Amenities include pet-friendly units, in-unit dishwashers, high-speed internet, fitness centers, and co-working spaces, catering to modern urban living needs.
The application lottery, ending on October 9, 2024, presents an opportunity for those earning 70-125% of the area median income in NYC.
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