Announcements

Lottery For 13 ‘Affordable’ Units Opens For Mid-To-High Earners

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BED-STUY/CLINTON HILL – The lottery launched earlier this week for 13 affordable units at a new development at 1068 Fulton Street located on the border of Bed-Stuy and Clinton Hill.

1068 Fulton Street rendering via ND Architecture & Design

Situated between Classon Avenue and Claver Place, the building’s available units include 6 one-bedrooms at $1,744/month, and 7 two-bedrooms at $2,099/month. The units are reserved for applicants earning 130-percent of the area median income (AMI).

Annual household income requirements skew toward the higher range, from $59,795 to $95,375 for single applicants; $59,795 to $108,550 for couples; $71,966 to $122,070 for families of three; and $71,966 to $135,590 for families of four.

Designed by ND Architecture & Design, 1068 Fulton Street will have a total of 44 apartments averaging approximately 770 square feet each, with 10,000 square feet in retail space on the first two floors. Amenities include an open rooftop, laundry room, and fitness center, though additional fees may apply for access to the laundry and gym facilities.

Preference for a percentage of units are set aside for applicants with mobility (5%) and vision/hearing (2%) disabilities.

If you meet the mid-to-high income requirements, act fast. The deadline for applications is Wednesday, June 27. Click here to apply.

Check out NYC Housing Connect for more information on how to find and apply for affordable housing.

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2 COMMENTS

  1. The 1BR option translates to about 41% of the $59k minimum income, after taxes. How very New York…

  2. This is more expensive than renting at the market rate. Yes most landlords in the general market won’t rent to people with this income for apartments that are this expensive, but its because its not a good idea economically. These apartments should only be about 30% of someone’s annual salary, how are these at all subsidized housing? The city should look into this, because this is not worth 25 years of tax abatements. These developers are getting away with murder in this city, just so De Blasio can say he’s building all of this subsidized housing.

    Our city, if it ever gets serious about creating affordable housing will do what they can to lower excessive regulations, and the MTA’s excessive profiting off of developers to lower the cost of building in this city.

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