Applications are currently being accepted to replenish a 4,000-name waitlist for income-restricted apartments across central Brooklyn. Located at 806 St. John’s Place, 924 Myrtle Avenue, 682 Chauncey Street, 1140 Bushwich Avenue, and 18 Stanhope Street, the buildings are located in Crown Heights, Bed-Stuy, and Bushwick. New Yorkers earning 130 percent of the area median income can apply for the apartments, which include studios starting at $1,700/month and two-bedrooms from $2,000/month.
682 Chauncey Street
682 Chauncey Street via Alley Property Management
Sure, you can do a lot with $150 a month, but does that level of savings really constitute as “affordable?” According to the city, yes. The latest housing lottery to come online, reserved for households earning $130 percent of the area median income, is for three $2,450/month two-bedrooms at Bushwick’s 682 Chauncey Street. By comparison, market-rate two-bedroom units in the new, 10-unit building go for $2,599 or $2,650.