The Cooper Square Mutual Housing Association, which runs affordable co-ops in the East Village, is accepting applications for about a dozen below-market studios and one-bedroom apartments. According to DNA Info The winners of a housing lottery will be able to buy into the co-ops for “a few thousand dollars,” and then they will only have to pay a monthly maintenance fee of less than $550.To qualify for a studio, a person must make between $18,050 to $48,100. To qualify for a two-bedroom, a couple must make $20,600 to $55,000.
At least half of the apartments in the lottery will be prioritized for current residents of Community Board 3, which covers the Lower East Side, East Village and Chinatown. Applications must be requested by April 21, 2014. To get one, send a standard postcard to Cooper Square Mutual Housing Association c/o Postal, 75 East 4th St. Suite 4149, New York, N.Y., 10003. LINK