East New York Affordable Housing Lottery Opens With $994 Units

An affordable housing lottery has opened for 68 apartments in a 100 percent affordable development that spans a block along Atlantic Avenue in East New York.

The one-, two-, and three-bedroom apartments at 265 Logan Street, dubbed The Logan Fountain, are aimed at households earning between 40 percent and 70 percent of Area Median Income, a truly affordable range compared to the majority of the units offered in the city’s housing lottery system. The level of affordability is due to a private and nonprofit development partnership making use of federal, state, and city programs that fund housing construction for very low income families.

Eligible incomes range from $36,720 to $134,820 for households of one to seven people, and rents vary from $994 to $2,571 a month depending on unit size and income level, according to the NYC Housing Connect listing.

Included are 18 one-bedrooms apartments ranging from $994 to $1,868 a month, 33 two-bedrooms from $1,185 to $2,233 a month, and 17 three-bedrooms from $1,359 to $2,571 a month.

The lottery site says there is a preference for residents of Brooklyn Community Board 5 and city employees, and 5 percent of units are set aside for people with mobility issues and 2 percent for people with vision or hearing issues.

Overlooking City Line Park near Conduit Avenue, the under-construction 13-story building will have 344 units, with the 276 units not included in the affordable housing lottery being set aside for formerly homeless residents referred through city and nonprofit programs.

The complex will include a gym, recreation center, outdoor areas, and bike storage, and it will have a shared laundry room, according to the listing. It is smoke free and doesn’t allow pets, aside from service animals. While the listing does not include any interior views or floor plans, the apartments will have energy efficient appliances and air conditioning, it says. Rent includes hot water, heating, and cooling; tenants have to pay for electricity including the stove.

The Logan Fountains is being developed in a collaboration between The Hudson Companies, The Jericho Project, and HELP USA.

The design by MHG Architectsis a large, traditional looking masonry building with sections of varying heights alternating between beige and brown. The ground level is pedestrian friendly with high ceilings and big windows.

The complex has two wings, including a western one that has 105 units of supportive housing and the 68 units that are being offered in the lottery, developer Hudson Companies says on its website. The Jericho Project will provide supportive services to those living in the supportive housing units. In the eastern wing, a 169-unit family shelter will be operated by HELP USA.

The project’s new-building permit shows the ground floor will be used for commercial and community space. The Atlantic Avenue-facing storefronts will comprise nearly 8,000 square feet of retail, according to Hudson.

Logan Fountains has replaced a defunct Compass gas station and Mini Mart on Atlantic Avenue between Logan Street and Fountain Avenue. The gas station occupied part of a lot now known as 8 Fountain Avenue.

The construction financing for the project’s affordable and supportive housing totals $117 million and was financed through tax-exempt bonds and federal Low Income Housing Tax Credits, as well as with other state and city assistance and help from Citi, according to a 2022 press release on HELP USA’s website. The development also used the city’s Supportive Housing Loan Program and the Mandatory Inclusionary Housing Program, the lottery listing says.

“Logan Fountain is a model for public-private partnerships, and this project demonstrates that when we commit to collaboration, we can [effect] real solutions to our city’s housing crisis,” HELP USA’s CEO and President Tom Hameline said in a city press release in 2022. The organization began its work in East New York and continues to invest in the neighborhood, he added.

The lottery for Logan Fountain Apartments closes on February 10. To apply, visit the listing on Housing Connect.

[Renderings via NYC Connect]

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