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New York City has launched an affordable housing lottery for 56 units for older adults at least 62 years of age at Grace’s Place Senior Apartments, located at 13-04 Nameoke Ave. in Far Rockaway .

The 10-story residential building has 57 total units, with one at market rate. The 56 units set aside for the housing lottery are intended for those earning 50% of the area median income and with an asset limit of $81,000.

All 56 units in the housing lottery are studios. No more than two people can live in each unit, with at least one resident required to be at least 62 years old. The monthly rent for these units is equal to 30% of the eligible tenant’s monthly income. The required an

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