Lottery Launches For 38 Affordable Units At 555 Waverly Avenue

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.

Rendering of 555 Waverly Avenue via HTO Architect

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.


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