Williamsburg isn’t typically an area that renters look to for budget-minded housing, but thanks to two affordable housing lotteries that launch this week, the apartment is getting a few more below-market-rate apartments. (The caveat, of course, is that there aren’t too many units available—24 total—and winning the city’s affordable housing lottery is pretty much impossible.)
In one case, the building is part of a larger affordable housing development; this particular building, at 33 Ten Eyck Street, is the last of four below-market-rate projects that will have brought 53 affordable apartments to the neighborhood. (It also happens to be the site of a former brewery, as detailed by the Times earlier this year.) The one at 33 Ten Eyck has 14 affordable units, which are a mix of one- and two-bedroom apartments; the cheapest will rent for $589/month (for those making between $22,149 and $30,560 annually), while the most expensive goes for $1,121/month (for those making up to $57,240 annually). The building itself has an outdoor space, bike storage, and a laundry room.
The other affordable project is located at 174 North 11th Street, on a site once occupied by retail spaces. Developer Great Point Properties is building a 37-unit rental, of which just 10 apartments will be deemed affordable. They’re being offered to those making up to 60 percent of the area median income, meaning that a studio will rent for $722/month; a one-bedroom will go for $741/month; and a two-bedroom will go for $900/month. The lottery is open to those making between $30,480 and $57,240 per year, with household size and which apartment type you’re after factoring in to the process.
Both lotteries will be open for a few weeks, so if you’re interested, get to applying now.