If your combined household income is between $45,566 and $167,570 you could qualify for a brand new home at 7 Dey.
63 newly constructed units are being offered. Qualified applicants will be selected through a lottery to lease rent-stabilized affordable units that are rent restricted and priced for low and middle-income households. The lottery is run in cooperation with SL Green, the NYC Department of Housing Preservation and Development, and the non-profit Settlement Housing Fund, Inc.
Be the first to know when the lottery opens for apartments at 7 Dey.
Income is from all sources from anyone over the age of 18 in your household. This includes wages, bonuses, tips, unemployment compensation, alimony, child support, pension benefits, Social Security benefits, recurring gifts and public assistance.
Income will be calculated using gross annual income. (Gross income is the income you receive before any taxes or deductions.) For self-employed applicants, net income is analyzed, which includes net business income from current and prior years. If you are reached for further processing, be prepared to submit a statement that details projected income and expenses through the end of the current calendar year. For more information on how income is calculated, please see the “Applicant Income Guide” from HPD’s website.
Be prepared to present copies of recent years’ federal tax returns, recent paystubs, and copies of financial statements. Start to keep these now so you will have them easily available if you are invited for a consultation. For more information on documentation requirements, please see the “After You Apply” section on HPD’s website.
Rent includes gas for cooking and heat. Tenant is responsible for electricity.
Yes, there is an amenity fee of $75/month. Bicycle storage is an additional $15/month for each bike.
Two pets with a maximum fully grown weight of 50 pounds are permitted per apartment.
You are only required to qualify at move-in, and thereafter, you can stay in the unit for as long as you wish, even if your income increases. As long as you abide by the terms of your lease, your lease renewal will be offered automatically, and increases will be in accordance with the Rent Guidelines Board.