Real Estate
80K Renters Applied For 174 Apts At An Inwood Affordable Building
An Inwood affordable housing development received 80,000 applicants for an under-construction building named after Eliza Hamilton.
![A whopping 80,000 New Yorkers applied for an affordable housing property in Inwood — with just 174 residences to fill.](https://patch.com/img/cdn20/users/25354686/20240126/035641/styles/patch_image/public/80k___26152816053.png)
INWOOD, NY — A whopping 80,000 New Yorkers applied for an affordable housing property in Inwood — with just 174 residences to fill.
The apartment building, which is still under construction, will sit on top of a new public library on Broadway near Cumming Street, and include studios, one, two and three-bedroom apartments, according to Manhattan Borough President Mark Levine.
The lottery for the building, dubbed The Eliza, launched in August, renting the majority of residences to locals making between 30 and 60 percent of the area's median income, according to New York YIMBY.
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An amazing new affordable housing building is about to open in Inwood, proving that our city truly can build beautiful homes with DEEPLY affordable rents. 🏙️ The downside? 80K NYers applied for just 174 spots. 🏠 We need to build literally hundreds more like this across NYC! 🌆 pic.twitter.com/uUw0vvAMR9
— Manhattan Borough President Mark D. Levine (@MBPMarkLevine) January 24, 2024
Some studio apartments will rent as low as $360 per month and two-bedrooms will rent for as low as $585 per month, Levine said.
And the applications way overshot the availability, Levine said.
Find out what's happening in Washington Heights-Inwoodwith free, real-time updates from Patch.
"It's just heartbreaking to think how severe the need is for affordable housing," Levine said. "So let's celebrate this building going to be opening in April and let's build hundreds more like it all over New York City."
The building will also include a community center and tech training for kids, Levine said.
Eliza Hamilton — the building's namesake and Alexander Hamilton's wife — was an Inwood resident devoted to community development, and "bequeathed funds" for the would-be Inwood Library, according to architects Fogerty Finger.
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