An affordable housing lottery has opened for a new, fully affordable development in East New York, offering units to families earning 30 to 60 percent of the Area Median Income. The 40 unit complex, under construction at 365 Shepherd Avenue, features rent-stabilized apartments with monthly rents starting at $544 for studios and $689 for one-bedrooms. Supportive services will be available for formerly homeless and disabled residents, and the building boasts amenities like a fitness center and community rooms.
The affordable housing lottery has launched for a seven-story development in East New York, focusing on families earning 30 to 60 percent of the Area Median Income.
This development includes 40 rent-stabilized and income-restricted units, with studio apartments starting at $544 and one-bedrooms at $689.
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