Affordable Housing Lottery Launches for Older Adults
New York City has launched an affordable housing lottery for 56 units at Grace's Place Senior Apartments, located at 13-04 Nameoke Ave in Far Rockaway.
The lottery is open to older adults at least 62 years of age, with an asset limit of $81,000 and a required annual household income of no more than $64,800.
- 57 total units in the 10-story residential building
- 56 units available through the housing lottery
- 1 unit at market rate
- All 56 units in the lottery are studios
- Maximum of 2 people per unit, with at least 1 resident 62+ years old
- Monthly rent: 30% of eligible tenant's monthly income
No additional information is available.
Author's summary: Affordable housing lottery for seniors.
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