Applications are now open for a housing lottery offering 75 rent-stabilized apartments in a newly completed building in Downtown Brooklyn. These apartments are available to households earning between $31,372 and $218,010 annually, depending on the number of people in the household. Monthly rents start as low as $750 for a studio apartment. The deadline to apply is January 16th, and applications must be submitted either online or postmarked by that date.

Winning a rent-stabilized apartment is a rare opportunity. These units come with protections against steep rent increases and provide automatic lease renewals, offering long-term stability to tenants. If you think you qualify, don’t miss this chance to secure an affordable home in one of New York City’s vibrant neighborhoods.

A Building Full of Modern Amenities

Located at 99 Fleet Place, this 21-story building combines affordable housing with modern conveniences. Completed earlier this year, the property replaced a single-story children’s center between Myrtle Avenue and Willoughby Street. Residents of this pet-friendly development can enjoy a wide range of amenities, including:

  • A dog park and spa for pet owners
  • Media room for entertainment
  • A business center for work or study
  • Party room for gatherings and celebrations
  • Elevator access for easy mobility

The building’s location is another highlight, situated near the Dekalb Avenue subway station. Residents have access to six subway lines, making it an excellent choice for commuters and those who love exploring the city.

Eligibility and Available Apartments

The apartments in this development are designed to serve a wide range of income levels. Households earning between 40% and 130% of the area median income (AMI) are eligible to apply. The AMI varies based on household size; for instance, the AMI for a two-person household in New York City is currently $124,300.

Available units include:

  • Studios starting at $750 per month
  • One-bedroom apartments at higher rates depending on income
  • Two-bedroom apartments for households earning $60,378 to $100,620, with monthly rents set at $1,433

A total of 27 two-bedroom units are available in this lottery, offering a great opportunity for families or roommates seeking affordable housing.

Special Set-Asides for Certain Groups

To ensure diverse access to these apartments, the developers have reserved specific units for certain groups:

  • 20% for local residents: A portion of the apartments is reserved for people already living in the area. However, due to a recent lawsuit settlement, future lotteries may see this percentage reduced to address concerns about segregation.
  • 5% for NYC employees: Some units are preferentially offered to those working for New York City.
  • Units for residents with disabilities: A small percentage of apartments are designed to accommodate people with mobility, vision, or hearing needs.

These set-asides create opportunities for a range of applicants, making the lottery more inclusive.

How to Apply and What You Should Know

Applying for the housing lottery is straightforward, but it requires careful attention to detail. To get started:

  • Create a profile on NYC Housing Connect, the city’s affordable housing portal.
  • Submit your application online or by mail before the January 16th deadline.
  • Make sure to apply only once to avoid disqualification.

If you’re unfamiliar with the application process, helpful resources are available. Check out guides like “6 Steps for Applying to NYC’s Affordable Housing Lottery” or read stories from successful applicants to understand how they secured their homes. If you’re struggling with the application, consider reaching out to a housing ambassador for assistance.

Why Rent-Stabilized Housing Matters

Rent-stabilized apartments are highly sought after because of their long-term benefits. Tenants enjoy capped rent increases, meaning your monthly rent is protected from sudden and drastic hikes. In addition, your lease is automatically renewed, providing stability and peace of mind for renters in a competitive housing market like New York City.

More Information and Important Notes

To learn more about this specific housing lottery, visit NYC Housing Connect for details. You’ll find instructions on creating a profile, submitting applications, and checking eligibility. Remember, this lottery is independent of the NYC Department of Housing Preservation and Development, and applications should only be submitted through official channels.

Affordable housing can make a huge difference for NYC residents. Don’t miss your chance to apply for one of these rent-stabilized apartments and secure an affordable, stable home in a prime Brooklyn location.