Two affordable housing lotteries have just launched in Brooklyn, giving qualifying New Yorkers the chance to own their very own apartment. This launch comes just days after Mayor de Blasio announced that his administration financed 32,000 affordable homes during the fiscal year, a record amount.
34 Jefferson Avenue in Clinton Hill is currently accepting applications for 26 of its newly-renovated cooperative units. The units — mostly one-bedrooms — are open to those making 75% of the area median income, the minimum is $41,000 per year and the max $103,275 per year. Prices range from $87,000 for a studio to $145,000 for a four-bedroom (see below) and monthly maintenance fees range from $775 to $1,300. You can find more info on income requirements and the application process here (PDF). The deadline to apply is August 27th, 2018.
34 Jefferson Avenue in Clinton Hill is currently accepting applications for 26 of its newly-renovated cooperative units. The units — mostly one-bedrooms — are open to those making 75% of the area median income, the minimum is $41,000 per year and the max $103,275 per year. Prices range from $87,000 for a studio to $145,000 for a four-bedroom (see below) and monthly maintenance fees range from $775 to $1,300. You can find more info on income requirements and the application process here (PDF). The deadline to apply is August 27th, 2018.
Over in Borough Park, a long-awaited development at 1204-1232 and 1264-1276 37th Street, dubbed Culver El Project Phase I, is accepting applications for 36 newly-constructed and family-friendly three- to four-bedroom condominiums. 12 units are open to those making 90% of the area median income, $77,800 to $131,400, and 24 units are open to those making 110% of the area median income, $94,100 to $160,600 per year. You can expect to shell out anywhere from $330,000 to $515,000 for the affordable condos.
No flashy amenities to speak of, but some units will have a balcony and limited on-site parking is available for sale. The deadline for this offer is September 25, 2018. See more details here.
No flashy amenities to speak of, but some units will have a balcony and limited on-site parking is available for sale. The deadline for this offer is September 25, 2018. See more details here.
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This first phase consists of nine buildings that hold four units each and the second phase will consist of eight buildings that will offer a total of 32 moderately priced units. Mayor de Blasio has advocated for the development since 2005, when then-Mayor Bloomberg announced the city would rezone a six-block area of undeveloped land, once part of the Culver Shuttle train line (shut down in 1975), and sell the parcel to the Southern Brooklyn Community Organization.
Questions regarding both offers must be referred to NYC’s Housing Connect department by dialing 311.
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