The affordable housing lottery has launched for Seed Cooperatives, three four-story residential buildings at 1900 Park Place in Brownsville, Brooklyn. Designed by Latent Productions and developed by Habitat for Humanity, the structure yield a total 17 residences. Available on NYC Housing Connect are four units for sale for residents at 80 percent of the area median income (AMI), ranging in eligible income from $48,000 to $115,280.
Residences are equipped with energy-efficient appliances. Future homeowners will also enjoy a shared rear yard, connecting all three buildings, as well as shared laundry, storage facilities, and bicycle parking. A special mortgage loan program requires only one percent of the sales price as a down payment and the mortgage rate is two percent.
At 80 percent of the AMI, there are four two-bedrooms with a monthly carry fee of $1,400 and an estimated sale price of $247,550 for incomes ranging from $48,000 to $115,280.
Prospective buyers must be first-time home buyers and this must be the primary residency. Buyers must meet income and household size requirements to apply for these apartments. Applications must be postmarked or submitted online no later than May 22, 2023.