Families Making Up to $200,400 Qualify for These Affordable Units in Fort Greene
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 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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Instead of “investing” money into heavily subsidized buildings that in a few years will be making news for the shoddy construction…. The City would do better to invest in better public transportation & infrastructure so that people do not mind sitting on a not overcrowded train for 45 minutes to move out a bit further to less crowded schools, closer to beaches and green space for their 3-4 kids + a dog….
And for the genuinely low income, give them the down payments to buy a co-op in Flatbush or some of the other not so far out neighborhoods, even some in downtown Brooklyn would be cheaper than the $3,000 + a month rent with no income tax deductions, if only they had the down payment to buy….
“I understand that I my current income level (60k) I am what some would call “middle class” and thus should not have access to affordable housing.”
This view is one that rankles me at times. Yes, you SHOULD have access to affordable housing ! At 60k, (with an after tax of 40k), you should be spending at most $1,200 per month on housing. Good luck finding that kind of rent in downtown Brooklyn. We need to create more affordable housing for people such as yourself in order to have a vibrant city of income earners ACROSS the whole economic spectrum. Terms like “middle class” and “wealthy” are silly labels that don’t really mean anything. People making 50k to 200k are struggling in this city and we need to provide them with housing solutions as well. They are especially important to our economy because, with affordable housing, they then have the disposable income that generates economic growth in the retail, restaurant, and entertainment sectors; the type of growth we want to see in Brooklyn.
I don’t understand the gaps in income either.
2 people making between 41K and 74K aren’t elegible
3 people making between 46K and 89K aren’t eligible
and so on.
why is that?
i just looked at the site dav linked.
there are income gaps in many of the listings.
take 184 Monroe
1 person making $20,400 – $24,200 is eligible for 1 bedroom $554
1 person making $25,372 – $30,250 is eligible for 1 bedroom $699
Sucks to be the person making $25,000 or anywhere 24,201 – 25,371
Can anyone tell me why the income levels for affordable housing jump from 42,000 to 75,000? I understand that I my current income level (60k) I am what some would call “middle class” and thus should not have access to affordable housing, but then whya re people that make 120,000 privvy to so-called affordable housing?????
I live in a rent stabilized unit, can barely afford rent, and if I lose my lease would not be able to find adequate housing.
So an income of $172,600 a year is higher than 94 percent of borough household incomes. I’d like to see the same comparison for a family of SIX.
Hi @davfgreene,
Thanks for your comment. We’ve updated the story!
Best,
CM
Yup. Creating a silo to stick poverty-stricken people in does not work, as we’ve seen with NYCHA and its issues with crime and negligence. Integrating classes is successful urban planning 101, but is rarely attempted or achieved. I’m very interested to see how this works out.
Also, in no way is $120,000 a year with four kids in NYC remotely close to wealthy. I’d say that is middle class, but by the skin of their teeth. Those are the types of families that are leaving the city in droves.
Absolutely agree ! In addition, comparing $200,000 salary with the median US household income is totally irrelevant. New York is its own separate economy, where 8 million people are packed into a small space, thus driving up housing prices. We all know that a $200,000 salary in NY is fine but it certainly does not make you “rich”. Especially if you have FOUR kids ! A market rate 3-bedroom in that area easily costs $6,000 per month. For a household making $200,000, (that’s just a little over $110,000 after taxes), paying $72,000 a year to rent a market rate 3-bedroom would be unaffordable. So kudos for providing housing help to that sector of the population. Let’s not forget the middle class who also struggle to make it in NY.