Affordable Housing Lottery Opens for FiDi Tower Apartments
An affordable housing lottery has been launched for 75 mixed-income apartments at a 38-story residential tower in New York City's Financial District. Developed by the Moinian Group, the Aria 7 Platt offers luxury residences with a variety of amenities. The lottery is open to New Yorkers earning 70 and 130 percent of the area median income, with units priced from $1,819/month for studios to $4,484/month for two-bedroom apartments. The tower, constructed by AECOM Tishman, is one of the last projects completed under the expired 421-a tax abatement program, which encouraged developers to include affordable housing in exchange for tax exemptions.