Affordable housing lottery opens at Bedford Union Armory in Crown Heights, from $367/month

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The city on Thursday launched an affordable housing lottery for 55 rentals at the Bedford Union Armory redevelopment in Crown Heights. Recently renamed the Major R. Owens Health & Wellness Community Center, the former home of the U.S. Army’s Cavalry Troop C is being transformed into a mixed-use building with recreational and community space, as well as mixed-income apartments and office space. New Yorkers earning 30, 40, 50, and 60 percent of the area median income can apply for the units available in this first phase, ranging from $367/month studios to $1,472/month three-bedrooms.

Adjacent to the nearly complete community center and located at 1089 President Street, the development includes 415 units of mixed-income housing, with 250 of them affordable for households earning at or below 60 percent of the AMI. Additional units will be available for households earning between $20,000 for an individual and $28,000 for a family of four, as well as homes set aside for formerly homeless New Yorkers.

Income requirements for the apartments available through the lottery range from $14,778 annually for a one-person household to $88,800 annually for a seven-person household. Residences have in-unit laundry, dishwashers, and energy-efficient appliances. There is also an on-site recreation room and bike storage.

“We are excited to launch Phase 1 of the affordable housing lottery in Building 2 of the Bedford Union Armory,” Joseph Ferrara of BFC Partners said. “At a time when Central Brooklyn is struggling to recover from the pandemic, these 60 deeply affordable units will provide substantial opportunity to our neighbors. BFC Partners is proud to provide such a resource for the Crown Heights community- this is just the beginning.”

Original Source: 6SQFT, Read Full Article Here

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