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Policy, Stuy Town, Stuyvesant Town

stuyvesant town, affordable housing, lottery, rentals

Photo by Kelly on Wiki Commons

When Blackstone and Ivanhoé Cambridge bought Stuy Town for $5.3 billion in 2015, they reached a deal with the city that would allow them to deregulate and raise rents on 6,200 rent-regulated units beginning in July 2020. On Wednesday, tenants filed a lawsuit to block Blackstone from going forward with the rent hikes, The Real Deal reports. As part of the original agreement, the city allowed Blackstone to cap rent increases at 5 percent each year, which is considerably more than the 1.5 percent outlined in last year’s new rent laws. The lawsuit argues that this conflict should require Blackstone to adjust the agreement in accordance with the new law.

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affordable housing, housing lotteries, Stuy Town

stuyvesant town, affordable housing, lottery, rentals

Photo by Kelly on Wiki Commons

A single person earning $123,000 a year is probably not what you’d consider an appropriate candidate for affordable housing, but the new 2020 waitlist at Stuyvesant Town and Peter Cooper Village is set for households earning 165 percent of the area median income. Under those guidelines, $2,985/month one-bedrooms are reserved for individuals earning between $89,550 and $123,255 annually, up to three-person households earning between $89,550 and $158,565. The $3,745/month two-bedrooms are set aside for two-person households earning $112,350 to $140,910 up to five-person households earning $112,350 to $190,245.

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affordable housing, housing lotteries, Stuy Town

stuyvesant town, affordable housing, lottery, rentals

Stuyvesant Town via StuyTown Property Services

A new housing lottery has just been launched at Stuyvesant Town/Peter Cooper Village. Households earning $86,670-$170,115/year are eligible to apply for one-bedrooms for $2,889/month and two-bedrooms for $3,543/month. Those who applied last year don’t need to apply again; their names are already on a waiting list–though it’s likely a long one; 6sqft previously noted that a 2016 waitlist for the downtown apartment complex stretched to 15,000 people. The deadline to apply for the new lottery is February 21, 2018.

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Cool Listings, Gramercy Park, Interiors

206 East 18th Street #6, Gramercy Park, apartment with skylight, pied-a-terre

If you’re looking for a pied-a-terre in the coveted historic Gramercy Park, you’re in luck. An adorable one-bedroom penthouse at 206 East 18th Street has just popped up on the market, and it’s the perfect setting for anything from dinner parties to book club. This charming pad won us over with a lovely skylit living room, so we had to take a look inside to see what else it has in store.

Take a look inside the cozy pad, here

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