The affordable housing lottery has launched for 282 Grand Street, a seven-story residential building on the Lower East Side of Manhattan. Designed by DeFonseca Architects and developed by Prosper Property Group, the structure yields 25 residences. Available on NYC Housing Connect are eight units for residents at 70 to 130 percent of the area median income (AMI), ranging in eligible income from $54,755 to $156,130.
Residences come complete with hardwood floors, dishwashers, washers and dryers, smart controls for heating and air conditioning, intercoms, and name-brand countertops, finishes, and appliances. Amenities include virtual doorman, common area Wi-Fi, elevator, green space, gym, rooftop terrace, package lockers, bike storage lockers, and pet-friendly policies. Tenants are responsible for electricity.
At 70 percent of the AMI, there are three one-bedrooms with a monthly rent of $1,597 for incomes ranging from $54,755 to $84,070. At 130 percent of the AMI, there are five one-bedrooms with a monthly rent of $3,099 for incomes ranging from $106,252 to $156,130.
Prospective renters must meet income and household size requirements to apply for these apartments. Applications must be postmarked or submitted online no later than February 13, 2023.