Affordable Housing for Rent

229 CHERRY STREET

204 NEWLY CONSTRUCTED UNITS AT 229 CHERRY STREET, NEW YORK, NY 10002
LOWER EAST SIDE
Amenities: on-site resident manager, landscaped terrace, fitness center, lounge
Transit: Train -F, Bus - M9, M14A, M15, and M22
No application fee No brokers fee Smoke-free building

This building is being constructed through the Inclusionary Program, is anticipated to receive a Tax Exemption through the 421-a program
of the New York City Department of Housing Preservation and Development, and is participating in the Low Income Housing Tax Credit
(LIHTC) program through New York State Homes and Community Renewal.
Who Should Individuals or households who meet the income A percentage of units is set aside for applicants with
Apply? and household size requirements listed in the disabilities:
table below may apply. Qualified applicants will Mobility (5%) and
be required to meet additional selection criteria. Vision/hearing (2%).
Applicants who live in New York City receive a Preference for a percentage of units goes to:
general preference for apartments. o Residents of Manhattan Community Board 3
(50%)
o Municipal employees (5%)

AVAILABLE UNITS AND INCOME REQUIREMENTS

House-hold Annual Household Income3
60% AREA MEDIAN INCOME

Unit Size Monthly Rent1 Units Available

Size2 Minimum Maximum4

Studio $947 49 1 person $34,355 - $40,080

(AMI) UNITS

1 person $36,823 - $40,080

1 bedroom $1,017 51
2 people $36,823 - $ 45,840
2 people $44,160 - $45,840
2 bedroom $1,230 104 3 people $ 44,160 - $51,540

4 people $44,160 - $57,240

1
Rent includes gas for cooking.
2
Household size includes everyone who will live with you, including parents and children. Subject to occupancy criteria.
3
Household earnings includes salary, hourly wages, tips, Social Security, child support, and other income. Income guidelines subject to change.
4
Minimum income listed may not apply to applicants with Section 8 or other qualifying rental subsidies. Asset limits also apply.
How Do You Apply?
Apply online or through mail. To apply online, please go to nyc.gov/housingconnect. To request an application by mail, send a self-
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addressed envelope to: 229 Cherry Street, c/o The Wavecrest Management Team, 87-14 116 Street, Richmond Hill, NY 11418.
Only send one application per development. Do not submit duplicate applications. Do not apply online and also send in a paper
application. Applicants who submit more than one application may be disqualified.
When is the Deadline?
Applications must be postmarked or submitted online no later than January 2, 2018. Late applications will not be considered.
What Happens After You Submit an Application?
After the deadline, applications are selected for review through a lottery process. If yours is selected and you appear to qualify, you will
be invited to an interview to continue the process of determining your eligibility. Interviews are usually scheduled from 2 to 10 months
after the application deadline. You will be asked to bring documents that verify your household size, identity of members of your
household, and your household income.

Espaol Presente una solicitud en lnea en nyc.gov/housingconnect. Para recibir una traduccin de espaol de este anuncio y la solicitud impresa,
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enve un sobre con la direccin a: 229 Cherry Street, c/o The Wavecrest Management Team, 87-14 116 Street, Richmond
Hill, NY 11418. En el reverso del sobre, escriba en ingls la palabra SPANISH. Las solicitudes se deben enviar en lnea o con sello
postal antes de 2 de enero 2018.
nyc.gov/housingconnect 229 Cherry Street,
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c/o The Wavecrest Management Team, 87-14 116 Street, Richmond Hill, NY 11418.CHINESE
2018 1 2 .
, : nyc.gov/housingconnect.
229 Cherry Street, c/o The Wavecrest Management Team, 87-
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14 116 Street, Richmond Hill, NY 11418. RUSSIAN .
( ) 2 2018.

nyc.gov/housingconnect . 229
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Cherry Street, c/o The Wavecrest Management Team, 87-14 116 Street, Richmond Hill, NY 11418. .
KOREAN . 2018 1 2
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Kreyl Aplike sou entnt sou sitwb nyc.gov/housingconnect. Pou resevwa yon tradiksyon anons sa a nan lang Kreyl Ayisyen ak aplikasyon an
Ayisyien sou papye, voye anvlp ki gen adrs pou retounen li nan: 229 Cherry Street, c/o The Wavecrest Management Team, 87-14
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116 Street, Richmond Hill, NY 11418. Nan dy anvlp la, ekri mo HATIAN CREOLE an Angl. Ou dwe remt aplikasyon yo sou
entnt oswa ou dwe tenbre yo anvan dat janvye 2, 2018.

.nyc.gov/housingconnect
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229 Cherry Street, c/o The Wavecrest Management Team, 87-14 116 Street, Richmond Hill, NY :
2018 2 ."ARABIC" .11418.]

Governor Andrew Cuomo Mayor Bill de Blasio HPD Commissioner Maria Torres-Springer HCR RuthAnne Visnauskas