Gowanus

Affordable Housing Lottery Info for Lightstone's Gowanus Development Coming Wednesday

The affordable units at 365 Bond Street will be reserved for individuals and families making an income in the range of $36,300 to $51,780.

Rendering via Lightstone

by Hannah Frishberg

10/20/2015 2

An affordable housing lottery for Lightstone Group’s huge and controversial Gowanus development is opening soon. Community Board 6 and housing nonprofit Fifth Avenue Committee are holding a workshop this Wednesday to help Brooklyn residents apply for the 86 affordable units in the 430-unit building on the banks of the Gowanus canal.

The affordable units at 365 Bond Street will be reserved for individuals and families making an income in the range of $36,300 to $51,780. Rents will range from $844 a month to $1,082 a month, with studios and two-bedrooms available.

No word yet on exactly when the lottery will open, but the date will probably arrive quickly. Usually lotteries are held six months to a year in advance of a development opening. The building is slated for completion by the end of this year.

The building is part of a much bigger complex at 363-365 Bond Street that will have a total of 697 luxury units and 3,625 feet of commercial space.

The workshop will explain how to properly fill out the application (a tricky business) and determine if you are eligible for the city-run housing lottery to select leaseholders.

The Wednesday, October 21 workshop will be at 6 p.m. at 433 Sackett Street. Attendees should RSVP to fachousing@fifthave.org or call 718 237 2017 ext. 169.