An affordable housing lottery has commenced for 369 apartments in the Atlantic Chestnut complex, located in Cypress Hills, East New York, on a site previously occupied by a food processing plant that was destroyed by fire in 2012. This complex consists of 436 units, designed to cater to individuals earning between 30 to 90 percent of Area Median Income. The apartments vary in size and rental rates, aiming to provide housing for a broad income spectrum, while also fulfilling requirements for significant allocations for formerly homeless individuals, alongside comprehensive support from city housing agencies.
An affordable housing lottery has opened for 369 apartments in the Atlantic Chestnut development in East New York, targeting a range of income levels from 30 to 90 percent of AMI.
Units range from studios to three-bedrooms, with targeted income levels determining the rental prices, which vary significantly for different household sizes.
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