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Affordable housing lottery opens in Bushwick, with studios starting at $788

bushwick affordable housing
An affordable housing lottery for 80 units on DeKalb Avenue in Bushwick is now open.
Image courtesy of NYC Housing Connect

An affordable housing lottery has launched for an almost fully affordable nine-story development on Bushwick’s Dekalb Avenue, not far from Maria Hernandez Park and Wyckoff Heights Medical Center. Studio apartments start at $788 a month and three-bedrooms at $1,346.

The lottery for the development under construction at 1601 Dekalb Ave. includes 80 units, all rent stabilized and income restricted, targeted at households of one to seven people earning between $30,823 and $241,080 a year, or between 40-120% of Area Median Income, according to the listing.

While the development is dubbed 100% affordable by city standards, with all apartments income restricted and rent regulated, the 46 apartments targeted at families earning 120% of AMI are on the pricier side. The bigger units are close to or higher than Bushwick median asking rent in September, which was $3,500 a month, according to StreetEasy.

rendering of affordable housing in bushwick
Many of the apartments are truly affordable, though a number are set at 120% AMI. Image courtesy of NYC Housing Connect