An affordable housing lottery for Financial District apartments is now open, offering prospective tenants ridiculously low rents starting at $932 for several units.
Located at 25 Water St., the building boasts modern, luxury amenities at affordable rates with units aimed at helping those making 40%, 80% and 90% of the area’s median income.
Studios range from $932 to $2,249, 1- bedrooms range from $989 to $2,401, 2-bedrooms range from $1,166 to $2,861, and 3-bedrooms range from $1,328 to $3,286.
The pet-friendly residence features apartments outfitted with high-end appliances, including washers, dryers, and dishwashers, access to amenities including a children’s playroom, game room, recreation room, business center, state-of-the-art fitness center, swimming pool, media room and outdoor terraces and landscaped areas.
The building is taking part in the Affordable Housing Program and is expected to receive a Tax Exemption through the 467-M program of the New York City Department of Housing Preservation and Development. This initiative aims to make housing more accessible to low- and moderate-income families in the city.
The lottery’s application process is straightforward, with no deposits or application fees required. Prospective residents can apply through the online portal at housingconnect.nyc.gov.
