445 Vanderbilt Avenue

affordable housing, Clinton Hill, housing lotteries

Rendering courtesy of NYC Department of Housing Preservation & Development

A housing lottery opened this week for about a dozen apartments in Brooklyn’s charming Clinton Hill neighborhood. Located at 445 Vanderbilt Avenue, the development is part of a larger complex that also includes seven three-story townhouses currently under construction on the other side of the property. The “affordable” units available through the housing lottery don’t provide much of a discount, with apartments set aside for New Yorkers earning 130 percent of the area median income. Units include three $2,431/month studios, $2,592/month one-bedrooms, and $3,090/month two-bedrooms. The current median rental price in the neighborhood is $2,825/month, according to data from CityRealty.

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