The affordable housing lottery has launched for 1 Union Square South, a 27-story mixed-use tower in Union Square, Manhattan. The Related-owned development was built in 1996 and yields 240 units. Available on NYC Housing Connect are 12 units for residents at 130 percent of the area median income (AMI), ranging in eligible income from $86,503 to $159,640.
Residential amenities include a shared laundry room, gym, media room, party room, business center, storage, security cameras, doorman, and outdoor green space. Units include air conditioning, hardwood floors, and name-brand kitchen appliances.
At 130 percent of the AMI, there are three studios with a $2,523 monthly rent for incomes ranging from $86,503 to $118,300; eight one-bedrooms with a $2,700 monthly rent for incomes ranging from $92,572 to $133,120; and one two-bedroom with a $3,235 monthly rent for incomes ranging from $110,915 to $159,640.
Prospective renters must meet income and household size requirements to apply for these apartments. Applications must be postmarked or submitted online no later than April 12, 2021.