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.
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.
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.
[Photos by Field Condition]
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