A new 22-story luxury building in Brooklyn offers 75 affordable housing units as part of its lottery. Amenities include a gym, pool, outdoor spaces, and more. However, the units meet limited affordability criteria, starting at 80% of the Area Median Income (AMI). Studio rents begin at $1,880 per month, while one-bedroom units are priced at $2,006 and two-bedroom units at $2,394. Renters must qualify based on income and household size and apply by July 28 to be considered for the lottery.
The new 22-story luxury building offers a gym, pool, outdoor spaces, and various facilities; however, only a few units meet affordability standards.
Affordable units start at 80% of the Area Median Income, with rents beginning at $1,880 for studios, $2,006 for one-bedrooms, and $2,394 for two-bedrooms.
The lottery for 75 affordable units requires applicants to meet specific income and household size requirements and submit applications by July 28.
The development is part of the Inclusionary Housing Program and is expected to receive a 421a tax break, impacting affordability levels.
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