Applications for Seaview B3 Affordable Housing Lottery in East New York Are Now Available

Posted By NYC Newswire

The affordable housing lottery is now open for Fountain Seaview B3 Apartments, a nine-story mixed-use development at 881 Erskine Street, in East New York, across the street from the Gateway Mall.  There will be 1,169 residential units in the overall Fountain Seaview development but only 34% will be set aside as “Affordable” through the NYC Housing Connect program.

The eligible income range for these “affordable” apartments is $13,543 to $84,600. The building is one of eight in the redevelopment of the former state-run Brooklyn Developmental Center site, whicl will also include retail and community space. Overall, the Fountain Seaview Development will have 1,169 residential units with 397 of those designated as affordable housing. That equates to approximately 33% of the apartments are designated as “Affordable”, which means the nearly 70% are market rate. The estimate is that there will be over 40,000 applicants for these 397 apartments, which is in line with the less than 1% of NYC residents who land these lottery apartments.

There has to be a better way to provide affordable housing for more than 1% of New Yorkers. Less than .00025 percent of people living in East New York are accepted to live in these apartments.

More Details

  • Three affordable studios with a $331 monthly rent for incomes ranging from $13,543 to $27,300
  • Seven one-bedrooms with a $426 monthly rent for incomes ranging from $17,075 to $30,720
  • Three two-bedrooms with a $521 monthly rent for incomes ranging from $21,052 to $36,840
  • Two three-bedrooms with a $594 monthly rent for income ranging from $24,309 to $42,300.
  • Three affordable studios with a $475 monthly rent for incomes ranging from $18,480 to $36,400
  • Seven one-bedrooms with a $605 monthly rent for incomes ranging from $23,212 to $40,960
  • Two two-bedrooms with a $736 monthly rent for incomes ranging from $28,423 to $49,120
  • Three three-bedrooms with a $843 monthly rent for income ranging from $32,846 to $56,400.
  • 16 affordable studios with a $837 monthly rent for incomes ranging from $30,892 to $54,600
  • 34 one-bedrooms with a $1,058 monthly rent for incomes ranging from $38,743 to $61,440
  • 15 two-bedrooms with a $1,280 monthly rent for incomes ranging from $47,075 to $73,680
  • 17 three-bedrooms with a $1,472 monthly rent for income ranging from $54,412 to $84,600.

Apply Here

Prospective renters who win this lottery must meet income and household size requirements to apply for these apartments. Applications must be postmarked or submitted online no later than January 27, 2021.

APPLY HERE

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