Dec. 4, 2020 By Allie Griffin
There’s still time to apply for an affordable apartment in TF Cornerstone’s new development on the Long Island City waterfront.
The city has extended the deadline for the affordable housing lottery that includes 185 affordable units at 52-41 Center Blvd. two weeks — from Nov. 23 to next Wednesday, Dec. 9.
The units will be part of 1,194 residential apartments — a mix of studios, one and two-bedroom apartments — spread between two towers TF Cornerstone is constructing at Hunter’s Point South.
The nearly 2,000 apartments will be a mix of market-rate and affordable units — 719 of the total units will be permanently affordable to low, moderate and middle income residents.
One hundred of the affordable units will also be prioritized for low-income seniors and half of the 719 will be set aside for people who live in Queens Community Board 2, which covers Long Island City, Sunnyside and Woodside.
The 185 affordable units currently up for grabs will be located in the 44-story south tower. Another housing lottery for the affordable units in the north tower, located at 52-03 Center Blvd., is expected to commence in the summer of 2021.
Of the 185 units in the current lottery, there are 80 units at 50 percent Area Median Income (AMI) up for grabs, as well as 65 units at 130 percent AMI and 40 units at 165 AMI.
The two TF Cornerstone towers offer a number of high-end amenities in addition to panoramic waterfront views. The buildings will offer residents a co-working space, barbecue grills, fitness center, children’s playroom, lounge area and roof terraces.
The chart below provides a full breakdown of income requirements and rent prices. Those eligible for the lottery can apply by clicking here.
For the purposes of these stories, the word “affordable” should really be in quotations.
Affordability is in the eyes of the beholder, or rather, the wallet holder.