Families Making Up to $200,400 Qualify for These Affordable Units in Fort Greene

250 Ashland Place in August 2015

by
17

A slew of new affordable units have just come up for lottery in Fort Greene with a diverse range of qualifying salaries, meaning that both the borough’s neediest as well as the more affluent qualify. 

Eligibility for the 282 subsidized apartments at BAM North Site I in the BAM Cultural District include incomes ranging from $26,300-28,835 for a single person in an $801-a-month studio, to $126,995-200,400 for a family of six in a $3,649-a-month three-bedroom.

To put that into perspective, an income of $172,600 a year is higher than 94 percent of borough household incomes, and three times the 2014 U.S. median income, according to census data.

The subsidized units, which are now accepting applications, compose half of the tower at 250 Ashland Place, a 568-foot, 52-story mixed-income rental building that has dominated the Downtown Brooklyn skyline, even in its earlier construction phases.

Once completed later this year, the tower will include, in addition to its 586 residential units (more than half of which are market rate), 10,000 square feet of retail and 9,000 square feet of arts space at its base.

Developed by the Gotham Organization and designed by architect FXFOWLE, the building is being built on city-owned land under Bloomberg-administration incentives for affordable housing developments that include property tax exemptions and higher maximum income eligibility than is currently enforced.

2015_07_26 250 Ashland Place 06

At another new development now accepting applications — 149 Kent Avenue in Williamsburg — income is capped at $43,150 and no subsidized units rent for over $926 a month.

For some, having permanently affordable housing available to such high income brackets doesn’t align with the vision of an affordable city.

With such high qualifying incomes, the Ashland Place tower “is not providing any meaningful affordability,” executive director of the Association for Neighborhood and Housing Development Benjamin Dulchin told the Wall Street Journal.

affordable-housing-250-ashland-place

Eligibility requirements via NYC Housing Connect

Still, developer Gotham’s executive vice president of development Melissa Pianko told the Wall Street Journal she expects tens of thousands to apply for the units across all income levels.

To apply, visit NYC Housing Connect.

250 ashland place rendering 92014

Rendering by FXFowle

2015_07_26 250 Ashland Place 11

[Photos by Field Condition]

Related Stories
11 Major Brooklyn Developments With Affordable Housing Opening This Year
Your Complete Guide to Applying for Affordable Housing in NYC
Applications Open for Units as Low as $788 a Month in Bushwick, Williamsburg, East Flatbush

Email tips@brownstoner.com with further comments, questions or tips. Follow Brownstoner on Twitter and Instagram, and like us on Facebook.

For updates on affordable housing, subscribe below

* indicates required

What's Happening