Affordable Housing Lottery Launches For 400 Units At Coney Island Phase I In Brooklyn

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The affordable housing lottery has launched for Coney Island Phase I, a residential building addressed as both 2926 West 19th Street and 2943 West 20th Street in Coney Island, Brooklyn. Developed by BFC Partners, L+M Development Partners, and Taconic Investment Partners, the 521,000-square-foot structure consists of two 16-story towers above a seven-story podium. Available on NYC Housing Connect are 400 units for residents at 30 to 130 percent of the area median income (AMI), ranging in eligible income from $14,778 to $192,400.

Amenities include assigned parking spaces, bike storage lockers, a shared laundry room, a gym, landscaped outdoor areas, and dishwashers in unit.

At 30 percent of the AMI, there are 45 units ranging from studios to three-bedrooms for incomes ranging from $14,778 to $44,440. At 40 percent of the AMI, there are 44 units ranging from studios to three-bedrooms for incomes ranging from $20,160 to $59,200. At 50 percent of the AMI, there are 45 units ranging from studios to three-bedrooms for incomes ranging from $25,509 to $74,000. At 60 percent of the AMI, there are 177 units ranging from studios to three-bedrooms for incomes ranging from $33,360 to $88,800. At 100 percent of the AMI, there are 67 units ranging from studios to three-bedrooms for incomes ranging from $46,835 to $148,000. At 130 percent of the AMI, there are 22 units ranging from studios to three-bedrooms for incomes ranging from $51,258 to $192,400.


Original Source: New York Yimby, Read Full Article Here

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