The Water Street Apartments at 60 Water Street in Dumbo are now taking applications for affordable units there. Construction on the Two Trees development, known as Dock Street Dumbo, started in 2012. The 18-story mixed-use development will have 300 rental units in total, including 58 affordable units. The affordable units will range from studios to two-bedrooms.
Monthly rents will start at $538 for a studio and go up as high as $893 for some two-bedroom units, according to an email sent out by Community Board Two. Income caps range from approximately $23,000 a year for a studio to $42,000 a year for a family of four. Applications must be postmarked by April 7. For more information, or to download an application, go to http://www.phippsny.org/page/135.