Feeling lucky? Play the Affordable Housing Lottery
Many affordable housing lotteries have launched across the city. Here's how to apply, as well as a critical look at how "affordable" rents are calculated.
There is no dedicated news coverage of Sunset Park — but Sunset Park makes news. This newsletter gathers all the headlines from all the sources that touch our neighborhood, which is one of the most vibrant in Brooklyn.
The income used to calculate 'affordable' rents is higher than you think
CRAIN'S: Rodrigo Camarena, a 39-year-old Sunset Park resident, was recently looking into an affordable housing lottery for a development in nearby Gowanus. He found himself shocked by both the cost of the "affordable" rent, which would be more than what he pays for his current market-rate apartment, and the income requirements, which did not align with what he actually makes. … "These programs mandate affordability, and then the truth is that what they deem as affordable is not on par with the reality of most New Yorkers," said Camarena, "and certainly not mine." … Camarena's reaction gets at the root of one of the most common complaints about affordable housing in the city, namely that it is not affordable for the New Yorkers who need it most. And the complex way the federal government calculates the area median income, or AMI, plays a major role. … The figure, used as a benchmark for affordable housing projects, is by design significantly more than the typical New Yorker's salary. … READ MORE
Click HERE for YIMBY's current listings of affordable housing lotteries. Apartments have been available in Sunset Park, but the deadlines have passed for those listed below. The details are included only for context about what has been offered in our neighborhood.
Past Sunset Park lotteries
875 4th Avenue In Sunset Park, Brooklyn
YIMBY: … 875 4th Avenue, an eight-story residential building in Sunset Park, Brooklyn. … DEADLINE HAS PASSED … Designed by Fischer + Makooi Architect and developed by Heritage Equity Partners under the 875 4th Avenue Acquisition LLC, the structure yields 150 residences and 62 enclosed parking spaces. Available on NYC Housing Connect are 45 units for residents at 80 to 130 percent of the area median income (AMI), ranging in eligible income from $53,863 to $187,330. … READ MORE
6020 3rd Avenue In Sunset Park, Brooklyn
YIMBY: … 6020 3rd Avenue, a five-story residential building in Sunset Park, Brooklyn. … DEADLINE HAS PASSED … Designed by Tan Architect and developed by Ai Yun Chen, the structure yields 53 residences. Available on NYC Housing Connect are 16 units for residents at 130 percent of the area median income (AMI), ranging in eligible income from $99,258 to $187,330. … READ MORE
Sunset Ridge Senior Apartments In Sunset Park, Brooklyn
YIMBY: … Sunset Ridge Senior Apartments, a new nine-story building and two adjacent townhomes at 6309 4th Avenue and 414 63rd Street in Sunset Park, Brooklyn. … DEADLINE HAS PASSED … Designed by Magnusson Architecture and Planners and developed by Fifth Avenue Committee, the structures yield 84 residences. Available on NYC Housing Connect are 57 units for residents at 50 percent of the area median income (AMI), ranging in eligible income from $0 to $60,050. … READ MORE