Application Alert: Waverly Brooklyn Condo In Clinton Hill To Sell Units For Lower-Income Families

A condo in Clinton Hill which is targeted for completion at the end of this year is now accepting applications for 11 inclusionary housing units.

Three years after its $9.2 million sale to Orange Management, The Waverly — a 49-unit, seven-story condo building at 500 Waverly Avenue (at Fulton Street) — is almost ready for leasing.

Apartments will range from studios to four-bedrooms, with prices starting in the high $500,000s, however the 11 421-a Units will be priced at 60% and 80% of Area Median Income (AMI).

Applications are being accept for households making an annual income between $32,617 and $48,923.

Pricing and unit information is available here:

According to the online application, a 10% down payment is required for eligible buyers. While it’s not required for buyers to be first-time owners, they must use their condo as their primary residence.

Application Details:

The application is available for download here.

You may also request one by mail:
500 Waverly Condo, c/o Housing Partnership Development Corporation
242 W. 36th Street, 3rd Floor
New York, NY 10018
Be sure to Include a self-addressed and stamped envelope.

Informational Session: August 17, 2016 at 6pm at Brown Memorial Baptist Church, 484 Washington Avenue (at Gates Avenue), Brooklyn, NY, 11238. Seminar attendance is not mandatory to purchase a home.