The affordable housing lottery has launched for The Willoughby, a 34-story mixed-use building at 196 Willoughby Street in Downtown Brooklyn. Designed by Perkins Eastman and developed by RXR Realty, the structure yields 476 residences. Available on NYC Housing Connect are 143 units for residents at 130 percent of the area median income (AMI), ranging in eligible income from $86,503 to $167,570.
Residents will have access to a fitness center, business and lounge areas, a dog spa and exterior dog run, garage, media room, concierge, and an outdoor terrace with cooking and seating areas. Units include washers and dryers, dishwashers, Caesarstone countertops, name-brand appliances and finishes, air conditioning, and walnut oak floors. Tenants are responsible for electricity.
At 130 percent of the AMI, there are 45 studios with a monthly rent of $2,523 for incomes ranging from $86,503 to $124,150; 71 one-bedrooms with a monthly rent of $2,700 for incomes ranging from $92,572 to $139,620; and 27 two-bedrooms with a monthly rent of $3,235 for incomes ranging from $110,915 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 March 21, 2022.
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THIS ISN’T AFFORDABLE HOUSING BUT INCOME BASED HOUSING.
Please stop calling this affordable. Affordable for who? No one but upper middle income and and high income.
This is a joke!
At 130 percent of the AMI, there are 45 studios with a monthly rent of $2,523 for incomes ranging from $86,503 to $124,150; 71 one-bedrooms with a monthly rent of $2,700 for incomes ranging from $92,572 to $139,620; and 27 two-bedrooms with a monthly rent of $3,235 for incomes ranging from $110,915 to $167,570.
I don’t live in the NYC area, so I don’t know if these rents and incomes are average, or on the high end. Of course I know NYC is expensive. Is there a legal definition of what income and/or rent is “affordable”? Or what “affordable” is.
its based upon AMI which is area median income. Unfortunately AMI includes the rich suburban westchester county community which skews the AMI upward and doesn’t reflect the real AMI of the five boroughs of NYC.
I have know idea who thought up this extremely dumb idea, but i’m sure it was some politicians and greedy developers who have these politicians in their pockets with their political donations.
It’s a corrupt system.
Thanks. Politicians and hot-to-trot building developers often make a questionable corrupted pairing. Unfortunately.
They are correct. This isn’t affordable housing. It is housing for folks who are going to become rich soon. Long Island University probably had to sell its land to make up for falling student enrollment. I am surprised that the university is still opened, and that it hadn’t sold its campus for low income housing. However with this project, if the university were to sell its campus, then nothing would go to anyone who truly needed affordable housing,which is low income housing. It is doubtful that many of Long Island University former students will be moving into this complex. The building looks pretty good. But really nothing competes with Lincoln Center Neighborhood in Manhattan. They have the best in Luxury Apartments with locations and more.