Thursday, November 19, 2015

LOTTERY: PS 186 AFFORDABLE HOUSING

A website has been posted with some details on the income requirements for the PS 186 development which will include 79 apartments altogether.  The adaptive reuse former school building on 145th Street just east of Broadway should be finishing up in a year or so but not too much has been posted so far about the lottery process except the income caps.  There will be low and affordable income units available which we presume to be rentals: LINK

More on the successful efforts to save PS 186 can be found in our past post: LINK
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3 comments:

  1. AnonymousNovember 20, 2015 at 4:31 AM

    would be good to set aside units for artists.

    great live/work space

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  2. JackNovember 20, 2015 at 11:20 AM

    From what I recall from the community board meetings when they first kicked off construction, most of the units will be reserved for the very low income set. I see 60% of AMI in the table, but I also recall hearing 30% or 40% of AMI as a threshold for residency. If artist qualify then great, but there are no explicit carve outs from the lottery for anyone.

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  3. Chris J. BrunsonNovember 26, 2015 at 8:02 AM

    Interesting. Growing up as a child in the 1980's, that building sat empty for years! Glad to see some life put into it. Too bad they couldn't make it a school again. It is a very beautiful building.

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