Lottery Now Open for Affordable Housing at City Point Starting at $500 a Month for a Studio

As of Monday, applications are now being taken for 200 affordable units in the first City Point tower, now under construction in Downtown Brooklyn. Brick Underground was the first to notice that the lottery had opened through NYC Housing Connect.

The least expensive units are studios for $500 a month for those earning between $18,515 and $24,200 a year. One-bedroom units range from $538 a month to $2,038 a month depending on income levels.

The most expensive units are two-bedroom units for $2,455 a month for those earning between $85,612 a year and, at the top end, $142,395 a year. City Point’s website has full list of income requirements or it can be viewed as a PDF here.

Half of the units will go to those already residing within Brooklyn’s Community Board 2, and 5 percent will be set aside for municipal employees. Another 5 percent will be set aside for mobility impaired applicants and 2 percent will be set aside for those with visual or hearing impairments.

The building will have plenty of amenities, including a game and lounge room, rooftop terrace, laundry on every floor, a gym and a children’s play room. This tower, one of three that will eventually make up the mega project, is being developed by BFC Partners and it will have 250 units total, 200 of them are affordable.

It is set to open next year. The Brodsky Organization is building the second tower in the complex, a 440 unit tower next to this one that will be all market rate and is under construction. Extell is building the third tower, which could contain as many as 500 market rate units and reach 60 stories.

In the past these large affordable housing offerings have been swamped with applicants. Last summer 60,000 people applied for 105 units at 1133 Manhattan Avenue in Greenpoint. Applications are due by September 24.

Apply Now for Apartments as Cheap as $500/Month at City Point Tower One [Brick Underground]
Nearly 60,000 People Apply for Greenpoint Affordable Housing [Brownstoner]
City Point Coverage [Brownstoner]
Renderings via City Point