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In Williamsburg, two new buildings offer up affordable apartments from $589/month

Together, the two low-income projects will bring 24 apartments to the neighborhood

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.)

A rendering of 33 Ten Eyck Street.

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.