A Salary of $99,825 Can Get You an Affordable Apartment in NYC
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The lottery to get an affordable unit at Downtown Brooklyn’s City Point opened last week. 150 of the development’s 200 affordable units will be for those making up to 165% of the area median income, which means a family of four can snag a unit with a household income of $142,395. The unit mix includes 76 studios deemed affordable, reports DNAInfo. Out of those, two will go for just $500, and will be for those making $24,000 or less, at least 12 will rent for $651 and be open to those making up to $30,000. The rest will cost $1,621 and anyone making less than $99,825 will be eligible to rent one. [DNA]