Affordable Housing

Housing lottery opens for 196 rent-stabilized apartments on the Lower East Side

  • New Yorkers who earn $18,480 to $154,080 are eligible to apply. Rents start at $454 for a studio
  • The new development has a shared laundry room, elevator, and package storage lockers
Celia Young Headshot
By Celia Young  |
July 3, 2024 - 9:30AM
The exterior of the 16-story building at 165 Broome St.

The 16-story building has three-bedroom apartments for as low as $774 per month via the housing lottery.

NYC Housing Connect

Housing lottery applications are open for 196 rent-stabilized apartments at a new development on the Lower East Side of Manhattan. New Yorkers who earn $18,480 to $154,080 are eligible to apply, depending on the size of their household. Rents start at $454 for a studio.

The building at 165 Broome St. has a shared laundry room, elevator and storage lockers for bikes and packages. It’s located near the Delancey–Essex Street subway station serving the F, J, M, and Z lines.

Designed by Handel Architects, the 16-story building on Broome St. is the first of two new properties to bring 344 units of rent-stabilized housing to the neighborhood, according to Handel. The developer Grand Street Guild, a nonprofit affordable housing organization, constructed the tower within its existing campus bounded by Clinton, Pitt, Broome, and Grand streets.

The apartments are set aside for New Yorkers earning between 30 and 80 percent of the area median income (AMI)—a metric that depends on the number of people you live with. Currently the AMI for New York City is $124,300 for a household of two people. The apartments available include studios as well as one-, two-, and three-bedroom units. 

There are 27 one-bedroom apartments available for households earning from $76,869 to $111,840. The rent for these apartments is $2,145. 

The kitchen inside a unit at the 165 Broome St. building.

A kitchen at the 165 Broome St. building.

The developers have set aside 20 percent of the rent-stabilized apartments for applicants who already live in the area. Future lotteries will use a lower ratio as a result of a lawsuit settlement, which claimed the practice of community preference perpetuates segregation and violates the Fair Housing Act. Check out: "NYC agrees to cut percentage of housing lottery units set aside for nearby residents."

Another 5 percent of the apartments will be preferentially given to NYC employees. A small percentage of the apartments are also set aside for residents with mobility, vision, and hearing needs. 

Applications must be submitted online or postmarked no later than Aug. 28th.

A window looks out onto another building at the Grand Street Guild campus.

A window looks out onto another building at the Grand Street Guild campus.

If you’re interested and think you might qualify for one of these apartments, you can create a profile and apply online via NYC Housing Connect. For details on this particular lottery, click here. Don’t apply more than once, or you could be disqualified.

Winning a rent-stabilized apartment can be life changing: Rent increases are capped and lease renewals are automatic, providing long-term stability for NYC renters. Need more information on how the housing lottery works? Check out “6 steps for applying to NYC's affordable housing lottery.”

For some advice from successful applicants read “How to land a rental apartment through NYC's affordable housing lottery.” And if you or someone you know is having trouble with the application process, consider reaching out to a housing ambassador in the community.

Note: Brick Underground is in no way affiliated with New York City’s Department of Housing Preservation and Development or the Housing Development Corporation. If you are interested in applying to these or other affordable housing developments, please go to NYC Housing Connect for information and instructions.

Have you successfully won an apartment through the affordable housing lottery? If you have first-person advice to share about the process, we’d love to hear from you. Please send us an email. We respect all requests for anonymity.

Celia Young Headshot

Celia Young

Senior Writer

Celia Young is a senior writer at Brick Underground where she covers New York City residential real estate. She graduated from Brandeis University and previously covered local business at the Milwaukee Business Journal, entertainment at Madison Magazine, and commercial real estate at Commercial Observer. She currently resides in Brooklyn.

Brick Underground articles occasionally include the expertise of, or information about, advertising partners when relevant to the story. We will never promote an advertiser's product without making the relationship clear to our readers.