housing lotteries

affordable housing, Brooklyn, housing lotteries

Photo via CityRealty

A lottery launched this week for 16 renovated, affordable apartments across five different Brooklyn neighborhoods: Prospect Heights, Clinton Hill, Flatbush, Williamsburg and Bushwick. Units available include four studios, four one-bedrooms, six two-bedrooms and two four-bedrooms. Qualifying New Yorkers earning 60 percent of the area median income can apply for the affordable units ranging from $850/month studios to  $1,427/month four-bedrooms.

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affordable housing, Bronx, housing lotteries

Photo via Wikimedia

A lottery launched this week for three middle-income apartments in the Highbridge neighborhood of the Bronx. Located at 1072 University Avenue, the newly constructed building sits just steps from the Harlem River, with views of the High Bridge, a 170-year-old bridge that offers a shortcut to Manhattan. As the oldest bridge in New York City, the High Bridge first opened in 1848 and was closed for 45 years before reopening after renovations in 2015. Qualifying New Yorkers earning 130 percent of the area median income can apply for the three units: a $1,200/month studio, $1,500/month one-bedroom and a $1,800/month two-bedroom.

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affordable housing, Harlem, housing lotteries

2183 Third Avenue, East Harlem rental

Photo via Peter Ashe

With East Harlem becoming hipper by the month, this affordable housing lottery for 12 units at the new building 2183 Third Avenue is a super steal, especially considering the building offers a gym, rooftop, recreation area, and laundry room. From $856/month studios to $1,114/month two-bedrooms, the apartments are available to households earning 60 percent of the area median income. Located at the northeast corner of East 119th Street and Third Avenue, the 12-story building is not only three blocks from the 6 train, but it’s right near local hot spots like the original Patsy’s Pizza and Hot Jalapeno, as well as the Target and Costco at East River Plaza.

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affordable housing, Bronx, housing lotteries

The Bronx Zoo, courtesy of Julienne Schaer on NYC &C Company

With the warm weather officially here, living just a couple blocks from the Bronx Zoo and a short walk to the Crotona Park Nature Center sounds like a pretty nice idea. Throw in a location right alongside Mapes Ballfield and middle-income rent and you’ve got yourself a deal. There are 13 units at East Tremont’s 2118 Mapes Avenue available for households earning 130 percent of the area median income, and they range from $1,100/month studios to $1,600/month two-bedrooms.

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affordable housing, Crown Heights, housing lotteries

Rendering via Samuel Wieder Associates

A housing lottery launched this week for three middle-income units in the Crown Heights area of Weeksville, a historic Brooklyn neighborhood founded by freed African Americans about 180 years ago. Conveniently, the newly constructed rental at 233 Buffalo Avenue sits just a few blocks from the Weeksville Heritage Center, a museum dedicated to preserving the history of the 19th century African American community. Qualifying New Yorkers earning 130 percent of the area median income can apply for the $2,700/month three-bedroom units.

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affordable housing, Brooklyn, Flatbush, housing lotteries

1544 Nostrand Avenue, Flatbush housing, Brooklyn

Photo via Absolute Consulting/ Michael Avramides Architects

A recently constructed building in the East Flatbush neighborhood of Brooklyn launched a lottery this week for three middle-income units. The rental units at 1544 Nostrand Avenue sit just a block from the 2 and 5 trains at Church Avenue and about a mile from the southern part of Prospect Park. Qualifying New Yorkers earning 130 percent of the area median income can apply for the $1,733/month one-bedroom and $2,089/month two-bedroom apartments. While the lottery offers a discount, it’s relatively small, with market-rate one-bedrooms in Flatbush going for $1,917/month for a one-bedroom and $2,120 for a two-bedroom on average, according to RENTCafe.

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affordable housing, housing lotteries, Queens

Rendering via HAAK architects

Applications are now being accepted for 59 newly constructed, middle-income units in the heart of thriving Long Island City in Queens. HAAK architects designed the 12-story building at 11-39 49th Avenue, which boasts a unique patchwork facade made of tricolor brick. The rental sits less than a block from the 7 train and MoMA PS1 and less than a mile from Gantry Plaza State Park on the waterfront. Qualifying New Yorkers earning 130 percent of the area median income can apply for the units, which range from a $2,098/month studio to a $3,131/month three-bedroom.

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affordable housing, housing lotteries, real estate trends

Photo via CityRealty

If you are a single New Yorker earning $58,450 or less per year, you fall under the low income category, according to 2018 estimates released last month by the U.S. Department of Housing (HUD). These income limits are established by the government to help figure out if residents are eligible for subsidized and affordable housing. Even though the median family income in NYC and its surrounding area slightly increased this year to $70,300 from $66,200 in 2017, the high cost of living continues to place a significant burden on New Yorkers (h/t Curbed NY).

More this way

affordable housing, Brooklyn, housing lotteries, Prospect-Lefferts Gardens

Photo of Prospect Park via Maria Eklind on Flickr

A second affordable housing lottery launched for the Lincoln Road Apartments, a two-tower rental building offering up 27 middle-income units. Located in the Brooklyn neighborhood of Prospect-Lefferts Gardens, the rentals at 31-33 Lincoln Road sit directly across from sprawling Prospect Park. In addition to its proximity to the park, 33 Lincoln provides residents a common roof deck, fitness center, a lounge and lots of storage. The apartments sit less than 500 feet from the B and Q trains at the Prospect Park Subway stop. New Yorkers earning 130 percent of the area median income can apply for units ranging from $1,807/month studios to $2,733/month two-bedroom apartments.

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affordable housing, housing lotteries, Williamsburg

321 Wythe Avenue, Williamsburg, Watermark Capital Group

Renderings of 321 Wythe via ND Architecture & Design

A newly constructed mixed-use building located near the Williamsburg Bridge has launched a lottery for 39 middle-income apartments. Built on the site of a former parking lot and single-story church, the 19-story tower at 321 Wythe Avenue includes 130 rental units, two floors of amenities, and an adjacent healthcare facility. Notably, because developer Watermark Capital Group is leasing the property from Saints Peter and Paul Church, certain activities “not in line with Catholicism” will be prohibited, DNAinfo reported in 2015. This includes a ban on things related to abortion, birth control, euthanasia, pornography, and stem-cell research.

Despite these strange stipulations, the ND Architecture-designed tower does sit in a prime location, just steps from a host of bars, coffee shops, restaurants and the Williamsburg waterfront. Qualifying New Yorkers earning 130 percent of the area median income can apply for the available 17, $1,999/month one-bedrooms and the 22 $2,399/month two-bedrooms.

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