Lottery For Affordable Housing In New Luxury Tower Now Open

NEW ROCHELLE, NY — Nearly 100 lucky families will have the chance to move into the city’s newest luxury development in units designated for those earning less than the average annual income for the region.

The developers of 14 LeCount Place are now accepting applications for 95 affordable apartments in the 27-story mixed-use building under construction in downtown New Rochelle. The units will be assigned by a lottery held on August 13.

The 457,000-square foot residential and retail building is expected to open in the fall. The tower will include 95 affordable apartments, 48 of which will be reserved for families earning up to 50 percent of area median income (AMI) and 47 for those earning up to 70 percent of the AMI.
The affordable homes will include studio apartments as well as one-bedroom and two-bedroom apartments.

"Affordable housing is a vital part of New Rochelle's vision for a growing, thriving, diverse downtown in which all people are welcomed and given an opportunity to succeed,” New Rochelle Mayor Noam Bramson said in a statement announcing the affordable housing lottery. “In the breadth of its affordable housing opportunities, all integrated into a development of the highest quality, 14 LeCount sets an especially impressive standard. I congratulate the development team and look forward to the future residents of 14 LeCount adding their talents and energy to the social, cultural, and economic fabric of our city."

The Housing Action Council will administer the lottery. Applications are due by August 2. The August 13 drawing will be broadcast live at 5 p.m.

The tower will also house 285 market-rate apartments and 6,200 square feet of new retail space. Amenities for all residents will include an outdoor pool on the 25th floor with sweeping views of Westchester County, the Long Island Sound and the New York City skyline. There will also be two community terraces with a dog run, a fitness center and lounges.

The building is less than a five-minute walk from the New Rochelle train station and a 40-minute commute to Grand Central Station.

The project is being developed by Wilder Balter Partners and L+M Development Partners.

“Both Wilder Balter Partners and L+M Development Partners understand the local need for affordable housing and we are excited to be part of the solution in the heart of New Rochelle’s vibrant downtown,” VP Wilder Balter Partners Jim Wendling said. “14 Le Count Place is a beautiful building, with an assortment of wonderful indoor and outdoor amenities, that future residents will be proud to call their home.”

More information about the lottery and how to apply can be found here.