Affordable Housing Lottery Could Be Your Ticket To Living On Manhattan's East Side
NEW YORK (CBSNewYork) -- If you're in the market for an apartment on Manhattan's East Side, you may be in luck.
For this month only, applications are being accepted for as many as 5,000 apartments in Stuyvesant Town–Peter Cooper Village, 1010 WINS' Juliet Papa reported.
Rent for a studio apartment lands at $1,200 a month.
City Councilman Dan Garodnick said 15,000 applicants will be placed on a list.
"It's about total income and there's an element of assets too," he said.
The housing lottery is for when apartments become available, Papa reported.
"This is better than Mega Millions. To live in Peter Cooper Stuy-Town is really hitting the jackpot," said Sen. Brad Hoylman. "I'm looking forward to everyone entering and in the words of a great poet, hey, you never know."
Registration is open until the end of March.
On Long Island, new public housing is on the way for residents whose homes were damaged in Super Storm Sandy, WCBS 880's Mike Xirinachs reported.
The new Moxie Rigby public housing project will offer state-of-the-art housing in Freeport -- an area heavily impacted by the 2012 storm.
The project is estimated to take around two years to build.
