More affordable housing units in Downtown Brooklyn
March 21, 2016
Anyone who lives and works in our neighborhood knows just how much change is happening in the area – especially in a vertical sense. Several new buildings are nearing completion, and with that comes a boom in new residential apartments, many of which are affordable units.
In the next two years, seven buildings in Downtown Brooklyn are set to offer affordable housing, including 250 Ashland Place, which is currently open to applicants. This will be followed closely by ‘BAM South Site’ and ‘The Hub’ this spring. Stay tuned for more information on those as we get it.
At the 52-story 250 Ashland Place, just under half of the units are designated affordable. That’s over 280 rental units in a building set in the heart of the Brooklyn Cultural District, near the Theatre for a New Audience, the Brooklyn Academy of Music, the Barclays Center, plus great shopping, new restaurants and near to the top transportation infrastructure we’re so proud of here in Downtown Brooklyn. The building itself features a 24-hour attended lobby, a fitness center, a playroom, a resident lounge, concierge services, bike storage and laundry in building.
This building offers affordable units to a wide range of households, with qualifying incomes spanning from $28,835 - $200,400. Residents of the Community Board 2 area will get preference for 50 percent of the affordable units (and yes, that includes Downtown Brooklyn, along with DUMBO, Fort Greene, Clinton Hill, Boerum Hill, Vinegar Hill and Brooklyn Heights).
Like most affordable housing opportunities in the city, the developer, Gotham, is expecting tens of thousands of people to apply for under 300 available units. While this doesn’t mean you shouldn’t get all your papers together and go for it, it does mean that getting it done correctly will set you apart from the competition.There have been several info sessions on the application process for 250 Ashland, and tonight BRIC is holding the last one before applications close on April 11.
All applications for 250 Ashland place must be made through NYC Housing Connect, the New York City lottery program by April 11th, 2016.