Close to 90,000 applied for the affordable apartments at 7 Dekalb Avenue, City Point's 80 percent affordable building in Downtown Brooklyn, the Brooklyn Daily Eagle reported. The building features a total of 250 units. Only 50 of those are market rate and the rest are affordable at different income levels. The affordable housing lottery for the project took place in September last year.
Apartments range in size from studios to two-bedrooms, and prices start at $500 per month for an individual making between $18,515 and $24,200 and go up to $2,455 for a two-bedroom with different income ranges and family sizes.
7 Dekalb Avenue is part of the larger City Point mega development in Downtown Brooklyn that's being developed by BFC Partners, Washington Square Partners, and Acadia Realty Trust. Originally only half the units at the building were going to be affordable, but upon the de Blasio administration's request, the development team decided to make it 80 percent affordable.