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New batch of affordable Greenpoint Landing apartments available from $393

The apartments at 5 Blue Slip are intended for extremely low to low-income New Yorkers

A little more than a year after construction began, the housing lottery for 5 Blue Slip, one of Greenpoint Landing’s affordable rentals, is finally open. The Handel Architects-designed building’s 102 apartments will be open to those making between 30 and 60 percent of the area median income (AMI), and residents of Community Board 1 who apply will be given priority over other applicants.

The units in the six-story building are broken down thusly: There are 22 studios, 29 one-bedrooms, and 51 two-bedrooms. (The application from NYC Housing Connect has a more thorough breakdown of the unit mix.) A person making as little as $13,393 per year could apply for a $393 studio apartment. The maximum income accepted for a family of four, meanwhile, is $54,360, making them eligible for a $1,065 two-bedroom.

And while many of New York City’s so-called “affordable” housing developments are criticized for not actually being all that affordable, HPD representatives say that 5 Blue Slip’s 102 apartments are truly intended for “extremely low-, very low- and low-income households.” In a statement, HPD commissioner Vicki Been said that, “every New Yorker deserves the opportunity to live in an affordable home. This new development represents the chance for a new start for 102 families, and will serve to ensure that the neighborhood remains a diverse community.”

5 Blue Slip joins two other affordable buildings, 21 Commercial Street and 33 Eagle Street, in the Greenpoint Landing megaproject; the whole shebang will bring more than 5,000 apartments (more than 1,000 are due to be affordable) to North Brooklyn.