Any 165% AMI apartments? (Hunter, Ashland: low income, rent, luxury)

[Skyline66]

Is there a separate website to find such apartments?

[Marshabrady]

Originally Posted by Skyline66

Is there a separate website to find such apartments?

I have not seen those in ages. Try the Ashland. https://www.ashlandmiddleincome.com/ the upside is you will deal directly with Management - no marketing agency though you will still need HPD approval.

[someoneinqueens]

You can look up in here too on the middle income table, they usually have 130% AMI & above: https://www.nychdc.com/find

[Skyline66]

Originally Posted by Marshabrady

I have not seen those in ages. Try the Ashland. https://www.ashlandmiddleincome.com/ the upside is you will deal directly with Management - no marketing agency though you will still need HPD approval.

Thank you!!

[BugsyPal]

Originally Posted by Skyline66

Is there a separate website to find such apartments?

AMI of $165 was first casualty out of the gate for "affordable" housing. People moaned that it rewarded households who could otherwise afford housing and so on.

Next in cross hairs is 130% AMI which has been taken off table for many rezoned areas from late in previous administration. IIRC that new rezoning for Soho and Tribeca has zero 130% and everything must be 80% AMI or lower. What if anything developers will do however is still a mystery as no one has yet announced any plans.

Ironically 121% to 165% is "moderate income" by city's standards. OTOH 51% to 80% is "low income" so you see where things are going. Moving forward unless things change city is bent on putting low income households in well off areas (such as aforementioned SoHo/Tribeca rezoning).

https://www.nyc.gov/assets/hpd/downl...ligibility.pdf

https://www.thecity.nyc/2020/6/28/21...rst-low-income

https://www.city-data.com/forum/new-...0-165-ami.html

To be fair often developers have issues filling 130% to 165% AMI units in "affordable" housing lotteries.

It varies by building but often households who can afford those rents aren't interested in the process nor being in "affordable/low income" buildings period. Difference between market rate and "affordable" may not do it for these households and neither is fact apartments are rent stabilized enough of an inducement.

To answer original query:

https://www.6sqft.com/463-affordable...terfront-park/

https://atlanticyardsreport.blogspot...le-income.html

[Skyline66]

Originally Posted by BugsyPal

AMI of $165 was first casualty out of the gate for "affordable" housing. People moaned that it rewarded households who could otherwise afford housing and so on.

Next in cross hairs is 130% AMI which has been taken off table for many rezoned areas from late in previous administration. IIRC that new rezoning for Soho and Tribeca has zero 130% and everything must be 80% AMI or lower. What if anything developers will do however is still a mystery as no one has yet announced any plans.

Ironically 121% to 165% is "moderate income" by city's standards. OTOH 51% to 80% is "low income" so you see where things are going. Moving forward unless things change city is bent on putting low income households in well off areas (such as aforementioned SoHo/Tribeca rezoning).

https://www.nyc.gov/assets/hpd/downl...ligibility.pdf

https://www.thecity.nyc/2020/6/28/21...rst-low-income

https://www.city-data.com/forum/new-...0-165-ami.html

To be fair often developers have issues filling 130% to 165% AMI units in "affordable" housing lotteries.

It varies by building but often households who can afford those rents aren't interested in the process nor being in "affordable/low income" buildings period. Difference between market rate and "affordable" may not do it for these households and neither is fact apartments are rent stabilized enough of an inducement.

To answer original query:

https://www.6sqft.com/463-affordable...terfront-park/

https://atlanticyardsreport.blogspot...le-income.html

This was very informative! Also are those buildings still accepting applications?

[BugsyPal]

Originally Posted by Skyline66

This was very informative! Also are those buildings still accepting applications?

Gotham Point lottery ended last year it seems, whether or not development is still taking applications for affordable or low income housing I cannot say.


https://www.city-data.com/forum/new-...-57th-ave.html

https://www.nyc.gov/assets/queenscb2...outh-Tower.pdf

[stormgal]

Hunters Point South Living has a good portion of 165:
You can try and reach them by email or phone.

https://www.hunterspointsouthliving.com/