INTRODUCING: P.S. 186 INCOME RESTRICTIONS

The official press for the P. S. 186 states that the adaptive reuse schoolhouse on 145th Street will not only serves low income families but also true middle income families like firefighters and teachers, whom desperately want to keep in our neighborhood.  Income restriction ranges are as below:


 The housing in the P.S. 186 development will be affordable to a wide range of New Yorkers. Of the total 78 units, ten (10) units will be affordable to households earning no more than 40 percent of the Area Median Income (AMI), or an annual income of no more than $23,500 for an individual and $33,550 for a family of four. Five (5) units will be affordable to households earning up to 50 percent of AMI, or no more than $29,400 annually for an individual and $41,950 annually for a family of four. Forty-eight (48) units will be affordable to households earning up to 60 percent AMI, or no more than $35,280 annually for an individual and $50,340 annually for a family of four. In an effort to fulfill the de Blasio Administration’s call for affordable housing for all New Yorkers, units in this development will also be affordable to middle-income and market-rate households. Seven (7) units will be affordable to families earning up to 130 percent AMI, or no more than $76,440 annually for an individual and $109,070 annually for a family of four. This development will include eight (8) market-rate units.


Housing lotteries are not open until a project is seventy percent complete so those interested should probably inquire sometimes in the spring 2015 at the city housing website: LINK