The Elliot, a newly completed nine-story development in Fort Greene, has launched an affordable housing lottery with 99 apartments available. Units are rent stabilized and targeted at households of one to five people earning between $73,578 and $140,000 annually. Rental prices start at $2,004 for a studio. The development features modern amenities, including a fitness center, landscaped rooftop, and high-end finishes, contrasting with the median asking rent in the area of $4,641, thus providing affordable housing options.
The Elliot is an affordable housing lottery in Fort Greene featuring 99 apartments, with units priced from $2,004 for studios and income restrictions for applicants.
Twenty units in The Elliot are rent stabilized and targeted at households earning between $73,578 and $140,000 a year, which is 80% of the Area Median Income.
Though prices start at $2,004 for studios, the median asking rent in Fort Greene is significantly higher at $4,641, creating an affordable housing opportunity.
The building features modern amenities including high ceilings, in-unit washers and dryers, a fitness center, and a landscaped rooftop terrace, catering to various lifestyle needs.
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