Less than 5% of rents are affordable for those of us New York City dwellers making the city's average salary. Each time a new affordable housing lottery is unveiled we jump at the opportunity to apply. With the latest one in Williamsburg, it’s crucial to act fast as it offers essential leverage for residents facing exorbitant rent rates.
The Welz, located at 159 Boerum Street, features 49 affordable units catering to residents earning between $50,298 and $218,010, drastically lower than the average NYC rent.
With 15 studios starting at $1,467, 22 one-bedrooms at $1,536, and 12 two-bedrooms at $4,040, this lottery presents a significant financial relief compared to the $3,133 average studio rent.
The lottery is user-friendly, requiring no deposits or application fees, and includes amenities that enhance living experiences, making it a valuable opportunity for eligible New Yorkers.
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