In a recent development in the Lower East Side of Manhattan, adjacent to Chinatown, the Essex Crossing Phase 2 apartments at 115 Delancey St have commenced accepting applications for affordable rental units. This initiative falls under a government-regulated affordable housing plan that does not impose application fees or broker fees. The rent is set below market rates in the surrounding area, offering a new option for middle and low-income residents interested in living in the Lower East Side.
According to the project announcement, the available unit type for application is a studio apartment, with monthly rents ranging from approximately $935 to $947, inclusive of heating and gas expenses.
Applicants must meet the requirements for household size and income, with set limits on assets. The criteria show that for a one-person household, the annual income should fall between $35,382 and $68,040, and for a two-person household, it should be between $35,382 and $77,760. The asset limit is $97,200. Household income calculation includes wages, hourly wages, tips, social security benefits, child support, and other lawful sources of income. Individuals holding Section 8 rental assistance or other qualifying subsidies may have different income thresholds, but they still need to pass asset and eligibility screening.
The announcement also indicates that this application period is not just for filling existing vacant units but will also establish and supplement a waiting list to accommodate future openings of affordable housing units. These arrangements support New York City’s initiatives for community diversity and fair housing opportunities, encouraging residents to choose their place of residence across different neighborhoods. (Link to announcement: https://tinyurl.com/337cybkk)
In terms of residential amenities, the building offers a comprehensive range of facilities, including a lobby concierge service, social lounges, reading spaces, private meeting rooms, garden terraces with barbecue areas, a rooftop observation deck, a fitness center (equipped with Peloton exercise bikes), and is in close proximity to the Essex Market and a movie theater for added convenience. The interior features white oak flooring, double-glazed soundproof windows, 11-foot high ceilings, quartz countertops, and European stainless steel kitchen appliances; the building is also a pet-friendly community.
For residents opting to use the common facilities, an additional $75 monthly facility fee is required.
Application forms can be obtained through various methods, such as in-person pickup or by mailing back the form with a self-addressed stamped envelope to MGNY Consulting (109 E. 9th St, New York, NY 10003); inquiries and applications can also be made via email at [email protected] or by calling 646-389-9987. All applications will be registered according to the order they are received, and those preliminarily deemed eligible will be notified to submit proof of documents to verify household size, identity, and income information, before proceeding to the subsequent selection process; any adjustments to income and eligibility criteria will be based on the latest official regulations.