Step right up to the game of life and submit your soul for consideration to New York City’s idea of an affordable housing solution: privately subsidized units lottery-ed off to individuals selected by fate and nepotism to deserve below market-rate housing.
Usually we report one or two lotteries at a time, but this week we’ve got three (3!) for you to apply to. Check em’ out, fantasize about winning all of them, and then reality check by reading about how Brooklyn rents are at an all time high.
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First up, just opened for application in Downtown Brooklyn, it’s Hoyt & Horn at 210 Livingston St. This property has it all: 24-hour doorman, on-site resident manager, an elevator, card-operated laundry and, for additional fees, bike storage, a fitness center, resident lounge, game room, business center, outdoor terraces and on-site parking. There are 74 units available: 22 studios, 34 one-bedrooms and 18 two-bedrooms. The apartments are renting for 60 percent of the area’s median income, which isn’t optimal but pretty average as far as these lotteries go.
Studios are renting for $947/month to one-person households making between $34,355 and $40,080 a year; one-bedrooms are renting for $1,017/month to one- to two-person households making $36,823 to $45,840 a year; and two-bedrooms are renting for $1,230/month to two- to four-person households making between $44,160 and $57,240 a year. The building is bougie af and located close to everything ever, meaning the A/C/G/2/3/F/4/5/B/Q and R trains + a Dallas BBQ.
Residents of Brooklyn Community Board 2 will be given preference. Applications are being accepted through October 31. Spooky.
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Next up, 27 Albany Ave. in Bed-Stuy, which opened to application yesterday. This development is not fancy enough to have a name, but it does have a fitness center, resident lounge, landscaped terrace, bike storage, car parking (for an added fee) and a washer and dryer in every unit. There are 12 affordable units up for lottery here, and eligible renters must make 80 percent of AMI which is problematic, because if you can only afford these if you make 80 percent AMI, are these apartments really affordable?
There are five one-bedrooms here, renting for $1,230/month to one- to two-person households making between $44,126 and $61,120 a year and seven two-bedrooms renting for $1,486/month to two- to four-person households making between $52,938 and $76,320 a year. The development is a block from the C train
Residents of Brooklyn Community Board 3 will be given preference. Applications are being accepted through September 20.
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Last but not least (probably the Albany Ave. development was least, what with the 80 percent AMI and all), 33 Bond St. also in Downtown Brooklyn opened to application on the 17th. The bougiest of them all, Bond boasts a 24-hour attended lobby, on-site resident manager, a sun terrace and, for additional fees, a fitness center, computer lounge, dog grooming, party rooms, laundry rooms and bike storage. This development is the most fancy AND the most affordable (with a caveat), with the majority of the units requiring eligible applicants to make 40 percent AMI. A fair portion of the units, however, will only be eligible to those making a whopping 120 percent AMI.
There are a total of 108 apartments open to application – 26 studios, 26 one-bedrooms and 20 two-bedrooms in the 40 percent AMI category and 13 studios, 13 one-bedrooms and 10 two-bedrooms in the 120 percent AMI category. For the 40 percenters, studios are going for $613/month to one-person households making $22,903 to $26,720 annually; one-bedrooms are renting for $659/month to one- to two-person households making $24,549 to $30,560 annually; and two-bedrooms are going for $801/month to two- to four-person households making $29,452 to $38,160 annually. For the 120 percenters, studios are going for $1,949/month to one-person households making $68,709 to $80,160 annually; one-bedrooms are renting for $2,091 to one- to two-person households making $73,646 to $91,680 annually; and two-bedrooms are renting for $2,519 to two- to four-person households making $88,355 to $114,480 annually.
The development is a block from Hoyt & Horn so you’re close to the A/C/G/2/3/F/4/5/B/Q and R trains + a Dallas BBQ. Residents of Brooklyn Community Board 2 will be given preference. Applications are being accepted through October 17.
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To apply, make yourself a profile on NYC Housing Connect. Don’t be scammed: there’s never a broker’s fee for these lotteries. For all three of the above lotteries, a portion of units will be reserved for municipal employees and the mobility- and hearing-disabled.
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