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Affordable housing lottery opens for new Crown Heights apartment building - Brooklyn Paper

Affordable housing lottery opens for new Crown Heights apartment building

For rent: The new building offers 93 rent-subsidized apartments awarded based on a lottery system.
Housing Development Corporation

Brooklynites looking to escape the borough’s brutal housing market — but not the borough — have until Sept. 13 to enter a lottery for a new Crown Heights development’s so-called “affordable housing” component.

The newly constructed nine-story apartment building — located at 1336 Bedford Ave., between Dean and Pacific streets — features 93 affordable units offered at monthly rents between $590 and $3,060 that are available to lucky lotto winners with annual incomes between $22,800 and $204,270.

Would-be renters are categorized based on the size of their family, their annual salaries, and how those earnings relate to the city’s median income — a citywide figure that pegs the average income of a three-person family at $96,100 per year.

The building contains:

• 10 units available for tenants earning 40 percent median income — between $22,800 and $49,530

• 9 units available for tenants earning 50 percent median income — between $28,938 and $61,900

• 28 units available for tenants earning 100 percent median income — between $49,200 and $123,800

• 64 units available for tenants earning 165 percent median income — between $76,629 and $204,270

The lowest-earning group includes six one-bedroom apartments for $590 monthly, three two-bedroom apartments for $718 monthly, and one three-bedroom apartment for $821 monthly.

The next income-bracket up offers five one-bedroom units and three two-bedroom units for $796 and $933 per-month, respectively. The remaining 75 units demand monthly prices between $1,069 and $3,060.

The development is part of the New York City Housing Development Corporation’s Mixed Middle-Income program — which offers government-subsidized rents at private developments to make them available for lower-income city dwellers.

Under program rules, half of the available units must be allotted to current residents of Community Board 8 — which includes Crown Heights and Prospect Heights. An additional seven percent of units are reserved for those with disabilities.

Applications can be submitted online.

Reach reporter Aidan Graham at agraham@schnepsmedia.com or by calling (718) 260–4577. Follow him at twitter.com/aidangraham95.

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