Home Ownership Opportunities in East New York and Brownsville for First Time Home Buyers With 5% Down

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Description

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DEADLINE to Apply is April 19, 2021, but do not wait.  Owning a home is a process so you will need as much time as possible to go through the process.  These are Homes for Sale through the NYC Lottery.  These are not rentals.  EastNewYork.com is simply providing the information.  If you have further questions follow the links below and you will see phone numbers and emails for more information.

Everyone knows how hard it is to purchase a home in New York City, with the average home prices at over $700,000, plus the normal 10-20% down payment.  Through the NYC Housing Connect program, there is a list of 15 new homes being built, for sale to first time home buyers, with 5% down.

Each Home has a Contemporary Design with Energy Efficient Features, Washer/Dryer Hook Up, Separate Utilities for Rental Units. A 5% minimum down payment provides an affordable opportunity to many First-time Buyers.*

Informational sessions will be held on: March 30th, 2021 at 6:00 pm at https://nychpd.webex.com/nychpd/j.php?MTID=m5b9ee6e623a277241072ee438acdb992 (password: pgHMiXwD376). Seminar attendance is not mandatory to purchase a home.

Affordable Housing Program

These Homes are being built under the Neighborhood Infill Housing Opportunities Program of New York City Department of Housing Preservation and Development

No deposits/application fees. More information: https://www.mothergastonhomes.com

A percentage of units are set aside for:

5% – Mobility
2% – Vision/Hearing

Preference for a percentage of units goes to:

50% – Community Board Resident
5% – NYC Employee
Address AMI %  Layout # Units Household Size Household Income Asset Limit Estimated Sale Price Min Down Payment
668 Vermont St, Brooklyn 90% 2 Bedroom 1 family 2 – 5 people $74,752 – $110,520 $198,975 $529,347 5%
666 SNEDIKER AVENUE, BROOKLYN 90% 2 Bedroom 1 family 2 – 5 people $83,968 – $110,520 $198,975 $589,740 5%
21 Malta St, Brooklyn 90% 2 Bedroom 1 family 2 – 5 people $73,905 – $110,520 $198,975 $477,158 5%
1745 LINDEN BOULEVARD, BROOKLYN 90% 2 Bedroom 1 family 2 – 5 people $62,464 – $110,520 $198,975 $478,014 5%
299 Mother Gaston Blvd, Brooklyn 90% 2 Bedroom 1 family 2 – 5 people $74,752 – $110,520 $198,975 $509,438 5%
273 MOTHER GASTON BOULEVARD, BROOKLYN 90% 3 Bedroom 1 family 3 – 7 people $85,275 – $126,900 $198,975 $524,907 5%
38 Christopher Ave, Brooklyn 90% 3 Bedroom 1 family 3 – 7 people $86,412 – $126,900 $198,975 $538,166 5%
281 Mother Gaston Blvd, Brooklyn 90% 3 Bedroom 1 family 3 – 7 people $86,412 – $126,900 $198,975 $555,538 5%
642 Hinsdale St, Brooklyn 90% 3 Bedroom 1 family 3 – 7 people $83,001 – $126,900 $198,975 $603,717 5%
655 Hinsdale St, Brooklyn 100% 3 Bedroom 1 family 3 – 7 people $93,234 – $141,000 $198,975 $644,235 5%
668 Snediker Ave, Brooklyn 100% 3 Bedroom 1 family 3 – 7 people $93,234 – $141,000 $198,975 $641,032 5%
653 HINSDALE STREET, BROOKLYN 100% 3 Bedroom 1 family 3 – 7 people $93,234 – $141,000 $198,975 $647,582 5%
2178 Dean St, Brooklyn 120% 3 Bedroom 1 family 3 – 7 people $115,974 – $169,200 $198,975 $693,937 5%
2164 Dean St, Brooklyn 120% 3 Bedroom 1 family 3 – 7 people $117,111 – $169,200 $198,975 $701,945 5%
1633 St Marks Ave, Brooklyn 120% 3 Bedroom 1 family 3 – 7 people $117,111 – $169,200 $198,975 $706,714

Click Here to Apply

642 Hinsdale St

642 Hinsdale St

668 Vermont St

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Property Detail

Updated on: March 27, 2021 at 3:11 pm

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8 thoughts on “Home Ownership Opportunities in East New York and Brownsville for First Time Home Buyers With 5% Down

  1. Millicent Smith Reply

    Good afternoon,

    I am interested in applying for the housing lottery. I have been trying to register through the website, but have been successful. Please I am really proud interest in getting into the lottery.

  2. Ineke Morris Reply

    How do you get on the community board because 50 percent of all homes go to board members, everytime. Each time you apply another 50 percent gets first choices. How many people are board members? This system is and always will be flawed. It’s who you know and who you can pay off. I’ve been applying for years and no response.

  3. Csndy Reply

    Affordable that is a joke. Who could really afford those homes? Unbelievable! Get real folks! I want to be able to sleep at night and not worry about a mortgage and expenses to sustain a home especially of that caliber in these times. Good luck!

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