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← Back to news MARKET-BRIEF · May 29, 2026
MARKET-BRIEF

Las Raices Apartments: 65 Affordable Units in East Harlem, Applications Open Through June 16

By Weverit Editorial ·May 29, 2026 ·2 min read
A wide avenue lined with tall tan-brick apartment towers with balconies, with a taxi and crossing traffic

The affordable housing lottery for Las Raices Apartments is open through June 16, 2026. The lottery covers 65 rent-stabilized units across four newly constructed buildings in East Harlem, Manhattan. All units are set aside at 40 to 80 percent of Area Median Income.

What is available

At 40% AMI: Listed monthly rents range from $788 to $1,178. Household income must fall between $30,823 and $73,280 annually, depending on household size and unit type.

At 50% AMI: Listed monthly rents range from $1,031 to $1,767. Household income must fall between $39,155 and $105,200 annually.

At 80% AMI: Listed monthly rents range from $1,760 to $3,031. Household income must fall between $64,149 and $168,320 annually.

The lottery includes 15 studios, 27 one-bedrooms, 18 two-bedrooms, and 5 three-bedrooms. Specific rents by unit size are listed in each unit's entry on the Housing Connect application.

All 65 units are rent-stabilized. Future rent increases are governed by the New York City Rent Guidelines Board.

Asset limits

This lottery includes asset limits alongside income requirements. At 40% AMI, total household assets must not exceed $67,840. At 50% AMI, the limit is $84,800. At 80% AMI, the limit is $135,680. Asset limits apply separately from income eligibility — a household may meet the income requirements but be disqualified if total assets exceed the applicable cap.

Primary residence equity and retirement accounts may be treated differently under program rules. Review the full lottery listing on Housing Connect for the applicable asset calculation methodology.

Buildings

The lottery covers four addresses:

  • 1761 Park Ave (38 units) — primary building
  • 505 E 118th St (16 units)
  • 338 E 117th St (6 units)
  • 303 E 102nd St (5 units)

All four addresses are in East Harlem. Most addresses in the lottery are newly constructed buildings.

Community preferences

Twenty percent of units are set aside for residents of the local Community Board district (Community Board 11, East Harlem). Ten percent are set aside for municipal employees. Five percent are set aside for applicants with mobility impairments. Two percent are set aside for applicants with vision or hearing impairments.

Applicants do not need to live in Community Board 11 to apply. Community Board preference does not guarantee selection — preferred applicants are reviewed before the general pool.

How to apply

Applications must be submitted through NYC Housing Connect at housingconnect.nyc.gov by June 16, 2026. Paper applications are also accepted; the listing on Housing Connect specifies the mailing address and postmark deadline.

New to Housing Connect? See how the lottery application works.

Submitting early offers no advantage. Log numbers are assigned at random after the deadline closes. One application per household per lottery.

Key dates

Event Date
Deadline June 16, 2026
Log numbers assigned After deadline closes

Context

Las Raices Apartments is one of the active lotteries currently listed on Weverit's lottery index. The lottery is open to applicants citywide, not only East Harlem residents — though 20 percent of units carry Community Board 11 district preference.

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