80K Renters Applied For 174 Apts At An Inwood Affordable Building

INWOOD, NY — A whopping 80,000 New Yorkers applied for an affordable housing property in Inwood — with just 174 residences to fill.

The apartment building, which is still under construction, will sit on top of a new public library on Broadway near Cumming Street, and include studios, one, two and three-bedroom apartments, according to Manhattan Borough President Mark Levine.

The lottery for the building, dubbed The Eliza, launched in August, renting the majority of residences to locals making between 30 and 60 percent of the area's median income, according to New York YIMBY.

Some studio apartments will rent as low as $360 per month and two-bedrooms will rent for as low as $585 per month, Levine said.

And the applications way overshot the availability, Levine said.

"It's just heartbreaking to think how severe the need is for affordable housing," Levine said. "So let's celebrate this building going to be opening in April and let's build hundreds more like it all over New York City."

The building will also include a community center and tech training for kids, Levine said.

Eliza Hamilton — the building's namesake and Alexander Hamilton's wife — was an Inwood resident devoted to community development, and "bequeathed funds" for the would-be Inwood Library, according to architects Fogerty Finger.