Affordable Housing Lottery Opens for 12 Units in Bed Stuy Starting at $1,230 a Month

An affordable housing lottery has opened for 12 new units in an 80/20 rental building at 27 Albany Avenue in Bed Stuy.

In the works since at least 2104, the building has 50 units in total and stands 10 stories on the corner of Fulton Street. It is not far from the Interfaith Medical Center on Atlantic Avenue.

The lottery is set at 80 percent of the area median income.

Of the 12 units, there are five one bedroom units and seven two bedroom units available. The five bedroom units are available for $1,230 a month for eligible applicants, and the two bedroom units are available for $1,486 a month.

The five two bedroom units are available for households of one or two people, and the households must earn $44,126 and $61,120 per year to qualify. The seven two bedroom units are for households between two and four people, and household income must range between $52,938 and $76,320 a year.

The rendering for 27 Albany shows a facade in three earth tones (yellow, red and light gray), with one section of the building set at an angle, and numerous windows, all mullioned.

Features in the building include a fitness center, resident’s lounge, a landscaped terrace, bike storage, a washer and dryer in each apartment, granite countertops and stainless steel appliances. There is also a parking lot available for an additional fee.

Leasing for the market rate units in the building began this August. The available units in the building are currently renting for between $2,123 for a one-bedroom, one-bath unit and $3,092 a month for a two-bedroom, two-bath apartment.

The developer is Manhattan-based BRP Companies, the developer behind the expansion and affordable housing at Flatbush Caton Market. Marvin Meltzer of Meltzer Mandl Architects is the architect of record, according to city records. Meltzer Mandl has also worked on a number of notable Brooklyn projects, including Clermont Greene in Ditmas Park and The Argyle in Park Slope.

The site was previously an empty lot, sometimes used for parking.

The lottery for 27 Albany Avenue runs through September 20. To apply for the lottery, visit NYC Housing Connect here. For more information on navigating affordable housing in New York City, check out our guide.

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