Source / NYC Housing Connect
Finding a modern apartment in Financial District for anywhere near $1,000 a month sounds like a urban myth, but New York City’s latest affordable housing lottery just opened applications for 1 Gouverneur Lane—what housing advocates are already calling the most anticipated building lottery of the year.
Located in the heart of Downtown Manhattan (10005), this brand-new development is offering eligible New Yorkers a rare shot at securing high-end rental units starting at just $1,056/month for a one-bedroom apartment.
Beyond the unbeatable price tag, the building is packed with world-class amenities usually reserved for full-price luxury high-rises—including a rooftop terrace, spa, doorman service, and an in-house dog park.
Here is everything you need to know about pricing, eligibility, luxury perks, and how to apply before the deadline.
Source / NYC Housing Connect
Developed under the NYC Department of Housing Preservation and Development’s 467-m program, 1 Gouverneur Lane balances ultra-modern living with robust community spaces.
Units feature energy-efficient appliances, high-end countertops, in-unit dishwashers, smart climate controls, and oversized windows. In addition to heat, gas, and water included in the monthly rent, residents gain access to an extensive amenity list:
Wellness & Fitness: On-site gymnasium, yoga/dance studio, and a private spa.
Outdoor & Entertainment: Landscaped rooftop terrace, outdoor deck, media room, party room, and children’s playroom.
Pet-Friendly Facilities: Dedicated dog park, dog washing station, and multiple-pet allowance.
Services & Convenience: 24/7 doorman, concierge, package lockers, business center, bike storage, and on-site resident management.
Transit Access: Steps from major subway lines (4, 5, 6, 1, 2, A, C, E, B, D, F, M) and nearby ferries and water taxis.
Source / NYC Housing Connect
💸 Income Limits & Unit Pricing Breakdown
The lottery features units ranging from studios to two-bedroom apartments catering to individual applicants and families of up to 5 people. Rent levels span 40%, 80%, and 100% Area Median Income (AMI) brackets:
Source / NYC Housing Connect
Check Your Eligibility: Ensure your total combined annual household income and household size fit within the ranges listed above.
Apply Online: Visit the official NYC Housing Connect portal and search for 1 Gouverneur Lane.
Apply by Mail (Alternative): If you prefer paper applications, mail a self-addressed stamped envelope to:
109 E 9th St, Storefront, Manhattan, NY 10003
Avoid Disqualification: Submit only one application per household. Submitting both an online portal entry and a paper form will automatically disqualify your entry.
Mark the Deadline: The application window closes promptly on November 17, 2026.
Source / NYC Housing Connect
Once the lottery closes, randomized numbers are generated to establish waiting lists. Selected candidates will be contacted directly by management to confirm financial documents.