Earlier this week, Curbed reported that one of the first affordable housing developments financed under Mayor Bill de Blasio’s housing plan will kick off its lottery today. The former school building at 525 West 145th Street in Hamilton Heights has been rehabbed into apartments and a community space and now goes by the name The Residences at PS 186.
The project will bring 78 sure-to-be-sought-after affordable apartments to low- and middle-income households earning between $18,729 and $142,400 per year. In all, there will be 19 studio units, 47 one-bedrooms, and 12 two-bedrooms available for various income ranges and household sizes. The cheapest units will be two studio apartments priced at $508 per month, available for single-person households earning between $18,789 -$24,200. Half of the units will be set aside for local residents and five percent for city employees.