The affordable housing lottery has launched for The Dime, a rental building above the historic Dime Savings Bank at 275 South 5th Street in South Williamsburg, Brooklyn. Designed by Fogarty Finger Architects and developed by Charney Companies and Tavros Holdings, the structure yields 177 residences. Available on NYC Housing Connect are 17 units for residents at 130 percent of the area median income (AMI), ranging in eligible income from $72,378 to $156,130.
Amenities include a community garden, a yoga studio, a cooking area with grills, multiple dining tables, a manicured lawn, a lounge with ample seating, communal work spaces, a half basketball court, and a fitness center programmed by The Wright Fit. Residences come equipped with washers and dryers, dishwashers, air conditioning, and private terraces for select units. Tenants are responsible for electricity.
At 130 percent of the AMI, there are five studios with a monthly rent of $2,111 for incomes ranging from $72,378 to $138,840; and 12 one-bedrooms with a monthly rent of $2,265 for incomes ranging from $77,658 to $156,130.
Prospective renters must meet income and household size requirements to apply for these apartments. Applications must be postmarked or submitted online no later than June 3, 2022.