Lottery Launches For 38 Affordable Units At 555 Waverly Avenue

CLINTON HILL – The lottery for 38 newly constructed affordable units at 555 Waverly Avenue launches tomorrow, March 27.

The units are part of an eight-story, 190-apartment building that replaces a former commercial bakery, according to Curbed. Located at the corner of Atlantic Avenue, the building features 11 studios at $735/month; 20 one-bedrooms at $741/month; and seven two-bedrooms at $888/month.

Applicants should earn 60% of the Area Median Income (AMI). Annual household income requirements are $27,086 to $40,080 for a single person for the studios; $27,360 to $40,080 for a single person and $27,360 to $45,840 for a couple for the one-bedrooms; and between $32,435 to $57,240 for families of two to four people for the two-bedroom units.

Designed by HTO Architect, the building’s amenities include a rooftop terrace, indoor and outdoor tenant lounges, a gym, bike storage, and parking (for an additional fee).

Preference will be given to current residents of Brooklyn Community Board 2 (Boerum Hill, Bridge Plaza, Brooklyn Heights, Brooklyn Navy Yard, Clinton Hill, Downtown Brooklyn, DUMBO, Farragut, Fort Greene, Fulton Ferry Landing, Vinegar Hill, Wallabout) and municipal employees. A percentage of units will be set aside for applicants with mobility (5%) and vision/hearing (2%) disabilities.

Go to NYC Housing Connect for more info or to apply. The deadline for applications is Thursday, May 24, 2018.