If you haven’t yet applied for the Atlantic Terrace, applications must be postmarked no later than January, 6.
The Fifth Avenue Committee (FAC) is developing an 80-unit, mixed income, affordable cooperative in Fort Greene at South Oxford Street at the corner of Atlantic Avenue in partnership with NYC HDC and NYC HPD.
In marketing the co-op, preference will be given first to New York City residents and then to New York State residents. In addition, preference will be given to residents of Community Board 2 (for 50 percent of the units), eligible municipal employees of the City of New York (for five percent of the units), households that include persons with mobility impairment (for five percent of the units), and households that include persons with a visual/and or hearing impairment (for two percent of the units).
Atlantic Terrace will target households with incomes between $35,194/year to $115,830/year (please see income guidelines below).
This contemporary 10-story building features sustainable materials, highly energy efficient heating and air conditioning, and abundant natural light as part of an overall environmentally-conscious design. Many materials used in construction were made right here in Brooklyn, lowering the carbon footprint of the development.
The co-op is a great opportunity for neighborhood residents, especially at a time that real estate prices are beyond most Brooklynites’ reach.
To learn more, go to www.atlanticterraceliving.com.
