The affordable housing lottery has launched for 555 Waverly Avenue, an eight-story residential building in Clinton Hill, Brooklyn. Designed by HTO Architect and developed by Madison Realty Capital, the structure yields 190 residences. Available on NYC Housing Connect are 13 units for residents at 130 percent of the area median income (AMI), ranging in eligible income from $65,315 to $167,570.
Amenities include a landscaped rooftop, gym, bike storage, indoor and outdoor tenant lounge, 24-hour attended lobby, a shared laundry room, and parking for an additional fee. Units include washers and dryers, name-brand appliances and finishes, and hardwood floors. Tenants are responsible for electricity.
At 130 percent of the AMI, there are five studios with a monthly rent of $1,905 for incomes ranging from $65,315 to $124,150; seven one-bedrooms with a monthly rent of $2,023 for incomes ranging from $69,360 to $139,620; and one two-bedroom with a monthly rent of $2,500 for incomes ranging from $85,715 to $167,570.
Prospective renters must meet income and household size requirements to apply for these apartments. Applications must be postmarked or submitted online no later than October 27, 2021.