Here's an e-mail we received late yesterday from the New York City Department of Housing Preservation and Development :
April 23, 2009
NEWLY CONSTRUCTED APARTMENTS FOR RENT IN THE CHELSEA AREA OF MANHATTAN
312 ELEVENTH AVENUE APARTMENTS is pleased to announce that applications are now being accepted for 78 affordable housing rental apartments under construction in the Chelsea area of Manhattan. This building is being constructed through the Inclusionary Housing Program of New York City's Department of Housing Preservation and Development (HPD) and Financing provided by New York State Housing Finance Agency (HFA).