CHDC in the News 100-unit lottery opens at all-affordable wing of Taconic’s Hell’s Kitchen rental, from $1,091/month

Graphic of lottery map. Nearly five years ago, the city rezoned a portion of Hell’s Kitchen to allow the Clinton Housing Development Corporation and developers Taconic Investment Partners and Ritterman Capital to undertake a two-building residential project between 10th and 11th Avenues. The larger of the two, a 22-story rental with 392 units at 525 West 52nd Street, launched an affordable housing lottery for 80 apartments two summer ago. The shorter, 13-story component is located next door at 540 West 53rd Street, and as of today, New Yorkers earning 80, 100, 125, or 165 percent of the area median income can apply for all 102 of its residences. They range from $1,091/month studios to $3,270/month two-bedrooms and have access to amenities including two terraces, children’s “splash pad,” a fitness center, laundry room, and the adjacent public community garden.

Qualifying New Yorkers can apply for the affordable apartments at 540 West 53rd Street until December 7, 2018. Fifty percent of units are reserved for members of Manhattan Community Board 4. Complete details on how to apply are available here (pdf). Questions regarding this offer must be referred to NYC’s Housing Connect department by dialing 311.