Tag Archives: housing lottery

Stuyvesant Town apartment lottery reopens

Stuyvesant Town

By Sabina Mollot

Stuyvesant Town’s apartment lottery has reopened on Tuesday for renters in the upper income tier of eligibility. Based on the affordability deal between the owners Blackstone and Ivanhoe Cambridge and the city in 2015, half of the apartments that become available are put into a lottery system for reduced rents. Ninety percent of those units are for tenants earning a household income of up to 165 percent of the area median income while the other 10 percent are for those earning up to 80 percent of the AMI.

According to an email sent out by Stuy Town management on Tuesday, this amounts to rent for a one-bedroom apartment going for $2,975 for households of one to three people earning incomes starting at $89,250. The maximum income for three people is $154,935, the maximum income for two people is $137,775 and for one person the maximum income is $120,615.

The savings from average market rent, $3,587, is 17 percent, according to the lottery website. Market rate one-bedroom apartments in Stuy Town range from $3,273-$3,675, based on current listings. Peter Cooper one-bedrooms range from $3,717-$4,046, according to listings. There are also converted or “flex” apartments, which are usually higher in price.

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Council approves Waterside affordability deal

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Waterside Plaza as seen from Stuyvesant Cove Park (Pictured last August) Photos by Sabina Mollot

By Maria Rocha-Buschel

The City Council voted last Thursday to approve an agreement that will protect longtime Waterside Plaza tenants against substantial rent increases as part of a lease extension between the property and Housing Preservation and Development.

The agreement will allow tenants who have been living at the property since before Waterside left the Mitchell-Lama program and will be retiring soon to receive rent protections. City Council Member Keith Powers, who has been working with Assembly Member Harvey Epstein and the Department of Housing, Preservation and Development on negotiations for the deal for over a year, was able to negotiate an additional year with HPD so that tenants have until 2020 to retire and qualify for the rent protections, compared to 2019 when the plan was first announced.

“It’s not huge but it at least gives people who might be affected a better idea of how they should plan,” Powers said after the Council vote of the additional year.

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ST/PCV apartment lottery reopening

ST buildings

By Sabina Mollot

The last time the Stuyvesant Town apartment lottery opened was in January, with slots only being made available for applicants in the upper tier of income levels, meaning those who earn a maximum of 165 percent of the area median income. As part of owner Blackstone’s deal with the city in 2015, as apartments have become available in the complex, half become market rate while the other half become available to lottery tenants. Of the lottery apartments, 90 percent of them go to tenants earning up to 165 percent of the AMI, the other 10 percent going to those earning a maximum of 80 percent of the AMI.

However, the lottery is once again reopening, and this time, applicants in both income tiers are eligible to apply for apartments, which are available in a variety of sizes in Stuy Town as well as Peter Cooper Village. The deadline to apply is October 11 and applications can be done online at stuytownlottery.com. To request an application by mail, send a self-addressed, stamped envelope to Stuyvesant Town/Peter Cooper Village Wait List, Peter Stuyvesant Station, P.O. Box 1287, New York, NY, 10009.

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Lottery reopens in Stuyvesant Town

Stuyvesant Town (Photo by Sabina Mollot)

By Sabina Mollot

Stuyvesant Town’s apartment lottery has reopened, this time for applicants earning a maximum 165 percent of the area median income (AMI).

The lottery opened on January 16 and would-be residents (and current residents) have the opportunity to apply until February 21, 2018. The waiting list for people who’ve already applied is still active, so no further action is required on their part.

Applications are currently being accepted for one-bedroom apartments at $2,889 and two-bedrooms for $3,543 in Stuy Town and Peter Cooper Village. An advertisement for the lottery puts the income limits for the one-bedroom apartments at $110,220 for a single person, $126,060 for two people and $141,735 for three. For the two-bedroom, income limits are $126,060 for two people, $141,735 for three, $157,410 for four people and $170,115 for five. Applicants also can’t have more than $250,000 in assets though sometimes there are exceptions with regards to retirement accounts.

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Former PCV resident returns through apartment lottery

Nichole Levin, holding a gift bag with slippers at home on Monday, is happy to be back in Peter Cooper Village. Photos by Sabina Mollot)

By Sabina Mollot

On Friday, March 31, Nichole Levin, an elementary school teacher and Peter Cooper Village native, got the phone call she’d been waiting for over a year. Her application to the Stuyvesant Town lottery for reduced rent apartments had been accepted. In fact, she was told, she could move in right away, and the apartment was in the same building in Peter Cooper Village as her mother’s home.

The news came as a happy ending to what was a somewhat stressful process, due to the wait — she’d even had to extend her current lease in Tudor City by a month while sorting out a paperwork issue.

Levin, 41, has since spoke with Town & Village about her experience, and has also since moved in (on Monday).

It was last March when the lottery opened for the first time, inviting those with incomes no higher than 165 percent of the area median income as well as those earning no more than 80 percent of the AMI to apply. Levin, who teaches English as a Second Language, had an income that made her eligible for apartments for renters in the upper income tier. Last March, this was $74,850-$99,825 for a single person seeking a studio or one-bedroom. It wasn’t until September, however, that she was contacted for a routine credit check.

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Editorial: When affordable housing is a prize

Last week, Blackstone reopened its lottery for reduced rent apartments in Stuyvesant Town, an announcement that was welcome news to the rent burdened but still raised the inevitable question of whether a discount of a few hundred bucks on rents that would otherwise start at over three thousand is truly affordable.

The answer is of course it is not, and it’s still hard to grasp — at least to us — how things got to the point where in order to get an affordable place to live in New York, one literally has to win a lottery. It feels a bit like a dystopian cautionary tale of what could happen when a wealthy politician, untouched by the people’s concerns about the need for affordable living, prefers to simply let the market do its thing. Oh, wait… that actually happened.

Fast forward to the present. Mayor Bill de Blasio has been quick to tout the affordable housing he’s built and preserved, as he promised to do on the campaign trail, but again, the Devil’s in the details. In the case of Stuyvesant Town, the 5,000 units committed to so-called affordability (which start at $2,800 for one-bedrooms) only become available as each rent-stabilized unit turns over. Additionally, half of those units, once vacated due to a tenant moving out or dying, will become market rate. So income eligible market rate residents and others hoping for at least some relief may be in for a very long wait. Note: We don’t blame Blackstone for this 50/50 arrangement, which seems fair, or for reopening the lottery, which as we also reported last week, prompted a few hopeful people we spoke with to try their luck.

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What ST/PCV lottery winners can expect in their apartments

The renovated units have a dishwasher and light wood finishes on the cabinets. (Photos by Sabina Mollot)

The renovated units have a dishwasher and light wood finishes on the cabinets. (Photos by Sabina Mollot)

By Sabina Mollot

The apartments allocated as “affordable” in Stuyvesant Town and Peter Cooper Village are, as Blackstone, has promised, renovated, which would be expected given the only somewhat reduced price.
However, unlike market units, they can’t be toured by prospective renters until they’re contacted because an apartment has become available. Would-be tenants won’t encounter any surprises though since all the available one and two-bedroom units are similar in layout and in the fixtures.

What’s to be expected is an included air conditioner in the living room window and in each bedroom, though like all other tenants, they’ll be paying extra surcharges to keep cool. The ACs will be either GE or Friedrich. At this time, monthly surcharges are $26.65 per unit, a rate set by the Division of Housing and Community Renewal for all tenants.

Kitchens will come with a dishwasher, which like the other kitchen appliances like the fridge and microwave, are manufactured by GE.

All kitchen cabinets have wood finish with white appliances and granite or Corian surface countertops.

All apartments have the classic blond wood parquet floor that will ultimately have to be 80 percent covered.

Bathrooms are white-tiled.

All apartments will have at least four closets, including a linen closet, though they won’t necessarily all be laid out the same way.

Additionally, like all other residents, lottery winners will have their utility fees included in their rents, which are determined by area median income.

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Market raters hopeful about lottery, some others say the cost isn’t exactly affordable

feb9-screenshotBy Sabina Mollot

Following the announcement that the Stuyvesant Town lottery would be reopening for would-be residents in the upper income tier, Town & Village asked a few market rate residents and former residents as well as others for their thoughts. The market raters we spoke with seemed to think that while the rents weren’t exactly cheap, the lottery was still welcome news. However, those unaccustomed to paying those kinds of rents were wary of labeling the available units as affordable.

After hearing what the rents were for one and two-bedrooms, Larry Watson, a former Stuy Town resident who moved out last year, said he thought the deal sounded better for the two-bedrooms.

He’d previously paid $3,900 for a converted two-bedroom.

“If you look at the price for a studio anywhere in Manhattan, it’s $2,000,” said Watson, “so it’s an $800 leap for a one-bedroom, but for a two-bedroom it’s an extra $1,300. So you get the value in a two-bedroom, but not a one-bedroom. I’d say it’s a decent offer,” he said.

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Stuy Town apartment lottery reopening

feb9-screenshot

The lottery website, stuytownlottery.com, is live.

By Sabina Mollot

The lottery for below-market apartments in Stuyvesant Town/Peter Cooper Village is reopening.

On Monday, Blackstone announced that those who missed out the first time could try again during a one-month window.

This reopening is specifically for applicants in the higher-income bracket for one and two-bedroom apartments since those are the unit sizes that are most common throughout the property. However, the original waiting list is still active for unit types not included in the current lottery as well as one and two-bedrooms.

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Wait list opens for affordable apartments in Kips Bay

By Sabina Mollot

New Yorkers on the lookout for a more affordable home might want to consider Phipps Plaza South, two buildings located in Kips Bay, where there is currently a lottery for affordable apartments.

There is at this time just a small amount of vacancies, but there is also a wait list, according to a spokesperson for Phipps, which, this week, announced the opportunity via an ad. The reason for the announcement since most units are already filled is that the owner, nonprofit developer Phipps Houses, is required to periodically refresh the waiting list if it’s out of date or applicants fall below a certain number. This policy is a HUD requirement for Section at 8 at the property.

The two buildings are located at 330 East 26th Street and 444 Second Avenue and together have 404 apartments that are mostly low-income. None are market rate, according to the spokesperson, James Yolle, and it’s covered under a regulatory agreement until 2039 and will then become rent stabilized. Any unit rented goes to someone on the waiting list, which applicants can get on based on income limits.

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Thousands flock to lottery site on 1st day

ST buildings

Stuyvesvesant Town

By Sabina Mollot

On the first day of the housing lottery’s launch, thousands rushed to apply online, despite a number of complaints about glitches on the website.

The steady stream of applications followed a story on Town & Village’s blog, information being dropped at tenants’ doors by Blackstone, and emails to neighbors from management as well as the Stuyvesant Town-Peter Cooper Village Tenants Association.

Paula Chirhart, a spokesperson for Blackstone, said while she didn’t know the exact number, thousands of people were able to get into the system online without a hitch. She declined to provide a number of applications filed at this point.

As for the reported malfunctions, it impacted fewer than one percent of users, she said, who had problems getting into the system. A few people had told Town & Village they hadn’t been sent passwords they needed to access the site. Chirhart said they were later contacted and sent temporary passwords by 4 p.m. the same day.

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Market raters doubt they’d qualify due to income limits

Sisters Annie and Catherine Sullivan didn’t think they’d be eligible for the housing lottery, but both said they were happy for others who are. (Photo by Sabina Mollot)

Sisters Annie and Catherine Sullivan didn’t think they’d be eligible for the housing lottery, but both said they were happy for others who are. (Photo by Sabina Mollot)

By Sabina Mollot

On the opening day of the affordable apartment lottery, several market rate residents who spoke with Town & Village seemed doubtful they’d be impacted personally, due to being above the income limits, but nonetheless said they were happy for others who might have a chance at getting picked. And as for the city’s decision to not give insider preference, residents we spoke with seemed equally nonchalant, saying it made sense to give all applicants an equal chance.

While strolling through Peter Cooper Village with her toddler daughter on Tuesday, Jordan Halladay, a resident of two years, said, “It doesn’t affect us. I wish it did. The requirements are decently high but I wish it was true middle class.” But, she added, “It’s great if it will bring in some families that need a nice apartment.” She added that she was glad current stabilized tenants would be able to stay under the preservation deal. “I know some neighbors who live on some kind of pension, and would have to move (if rents were at market rate), but in this situation they can stay.”

Another market rater however, said he might give the lottery a shot. Jazz musician Dimi Ditrow, who also teaches and has a company that produces music videos, said he thought he and his photographer wife would be able to meet the income guidelines.

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