Housing lottery launches for four units in Melrose, rent starts at $2,000

Sign up for our weekly email newsletter to stay updated on the latest housing lotteries in New York City.New York City has launched an affordable housing lottery for four units at 936 College Ave. in Melrose.The 5-story residential building has 16 total units, with 12 at market rate. Each of the four units set aside in the housing lottery are intended for those earning 70% of the area median income and with an asset limit of $135,680.Two of the units in the housing lottery are studios.