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TF Cornerstone Extends Affordable Housing Lottery Through Sept. 13

Rendering of TF Cornerstone’s two-tower development on the Long Island City waterfront (TF Cornerstone)

Aug. 31, 2021 By Christian Murray

TF Cornerstone has extended the deadline for applicants looking to snag an affordable housing unit in one of its towers on the Long Island City waterfront.

The developer announced Tuesday that applications are now being accepted through Sept. 13 to enter the lottery for one of its 534 affordable apartments on offer at 52-03 Center Blvd. The previous deadline was Aug. 31.

The units are located in one of TF Cornerstone’s two towers going up next to Hunters Point South Park. The apartments are in the developer’s 800-unit north tower. The 55-story north tower also includes 266 market rate units.

The south tower, located next door at 52-41 Center Blvd., is 44-stories high and contains 394 units–185 of which are designated as affordable. The application period for those affordable units ended last year.

The 534 affordable apartments now on offer include studios, one-bedrooms and two-bedrooms and are available to people who make a variety of incomes — from as low as 40 percent of the area median income (AMI) to as high as 165 percent of the AMI (see chart below).

Applicants who meet the eligibility requirements will be entered into the lottery for a unit.

Half of the affordable units are being set aside for residents of Queens Community Board 2, which covers Sunnyside, Woodside and Long Island City. Furthermore, 100 units are being designated for low-income seniors aged 62 and older.

The development will also include space for Selfhelp Community Services, which will provide on-site services for older adults living in the units.

The site will also include a 22,000 square foot public park and there are plans for a stand-alone K-8 school.

The total two-tower development will consist of 1,194 total apartments, with 719 permanently affordable to low, moderate, and middle-income residents.

The buildings offer a plethora of amenities in addition to views of the East River. Residents, for instance, will have access to a fitness center, clubroom, children’s playroom, co-working space and more for an additional monthly fee.

Applications for the 534 affordable apartments are being accepted through NYC Housing Connect.

Source: NYC Housing Connect

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