The affordable housing lottery is open for 508 West 134th Street, a five-story residential development in West Harlem, NY.
The 15-unit building will yield 13,765 square feet. Available on NYC Housing Connect are four units for sale for residents at 110 percent of the area median income, ranging from ineligible income from $61,000 to $155,100.
At 110 percent of the AMI, there is one two-bedroom unit with a $137,388 estimated sale price for incomes ranging from $61,000 to $135,080; and three three-bedrooms with a $156,194 estimated sale price for incomes ranging from $73,000 to $155,100.
Prospective buyers must have three percent of the purchase price for a down payment, as well as meet income and household size requirements to apply for these apartments reports NY Yimby.
Applications must be postmarked or submitted online no later than February 16, 2021.