Half of these 97 units are reserved for residents of Community Board 1, roughly meaning people who live south of a line connecting Canal Street, Pearl Street, and the Brooklyn Bridge. Preference will also be given to municipal employees and applicants with disabilities.
Available apartments include 32 studios, 55 one-bedrooms, and ten two-bedroom units. Rents for the affordable apartments at 118 Fulton Street will range from as little as $788 per month (for a studio, with a household size of one person), to as much as $1,025 (for a two-bedroom, with a household size of four people). The income guidelines allow for earnings of $28,903 to $40,080 (for a studio with one person), up to between $37,131 and $57,240 (for a two-bedroom unit with four people). In all cases, rent includes heat and gas for cooking.
Applications must be postmarked or submitted online no later than April 10, 2018. For more information, please click here.
The 63-story building at 118 Fulton is being designed by SLCE Architects, and will contain 483 apartments, with 386 being offered at market rents. The building will house a fitness center, bike storage room, children’s playroom, and a resident’s lounge that tenants of the affordable units will be able to use for an additional fee. The building is expected to open in the summer of 2019.
Information about 118 Fulton (along with more than 20 other, similar opportunities throughout the City’s five boroughs) can also be found at the HPD’s new Housing Connect Lottery Map, which contains real-time updates about all of the affordable housing lotteries currently being offered by the City.