"An affordable housing lottery has opened for a recently completed eight-story development on East New York's Fulton Street, in a section of the neighborhood that was rezoned in 2016 and has seen a wave of new development. The new building, which has a total of 51 apartments, sits on the corner of the major thoroughfare and Van Siclen Avenue on what has long been a vacant grassy lot."
"Included in the lottery for 2795 Fulton Street Apartments are 13 one-, two-, and three-bedroom apartments, all rent stabilized and income restricted and all of which could be deemed truly affordable. The units are set aside for families earning 40%, 60%, and 80% of the Area Median Income, or between $51,018 and $160,720 a year for households of one to seven people, according to the listing."
An affordable housing lottery opened for a newly completed eight-story building at 2795 Fulton Street in East New York, a rezoned area that has seen recent development. The building contains 51 apartments, with 13 one-, two-, and three-bedroom units rent-stabilized and income-restricted for households earning 40%, 60%, and 80% of Area Median Income, ranging from $51,018 to $160,720 for one- to seven-person households. Amenities include shared laundry, an outdoor terrace, air conditioning, and energy-efficient appliances. Tenants pay electricity for stove, heat, and hot water and may keep one pet up to 25 pounds. The design steps down to three stories on Van Siclen Avenue and includes a sixth-story setback. The corner lot had been vacant for decades.
Read at Brooklyn Paper
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