Domino's First Affordable Rentals Will Start at $533 a Month in Spring 2017
A meeting Monday about how to apply for affordable housing at the forthcoming Domino development in Williamsburg attracted hundreds of people. Construction is slated to start this year on the first building in the complex, on Site E on Kent Avenue between South 3rd and 4th streets, DNAinfo reported. (The building is the smaller building…
A meeting Monday about how to apply for affordable housing at the forthcoming Domino development in Williamsburg attracted hundreds of people. Construction is slated to start this year on the first building in the complex, on Site E on Kent Avenue between South 3rd and 4th streets, DNAinfo reported. (The building is the smaller building in the rear, pictured above, where a temporary park is now located.) The 500-unit building will offer 105 affordable units. The lottery process will start in late 2016, and move-ins will start in spring 2017.
Rents will start at $533 to $703 a month for a studio, depending on income, said Two Trees at the briefing. The units will have the same finishes as the market-rate apartments in the luxury complex, said Two Trees. One-bedrooms will range in rent between $595 and $765 a month, and two-bedrooms will lease for $723 to $916 a month.
People who already live in Community Board 1 will have priority. Individuals making 40 percent to 50 percent of the area median income — or $20,100 to $30,100 — qualify for a studio. Altogether the entire Domino development will offer 700 affordable units.
First Affordable Apartments at Domino Site to Rent for $553 Per Month [DNA]
Rendering by SHoP Architects
agreed
what’s funny is – check out the income ranges/ rents for the middle income affordable housing going up in greenpoint – if i recall correctly the “affordable” rentals were pretty much market rate for the area right now.