The affordable housing lottery has launched for Shepherd Glenmore, a seven-story mixed-use building at 365 Shepherd Avenue in East New York, Brooklyn. Designed by MHG Architects and developed by Lois Murphy of Shepherd Glenmore HDFC, the structure yields 123 residences. Available on NYC Housing Connect are 60 units for residents at 30 to 60 percent of the area median income (AMI), ranging in eligible income from $21,566 to $100,620.
Shepherd Glenmore in East New York, Brooklyn via NYC Housing Connect
Shepherd Glenmore in East New York, Brooklyn via NYC Housing Connect
Shepherd Glenmore in East New York, Brooklyn via NYC Housing Connect
Units are furnished with appliances, large windows, and name-brand finishes. Amenities include community rooms, a fitness center, computer lab, wellness room, a landscaped courtyard with a community garden, and a shared laundry room. Tenants are responsible for electricity, including stove.
At 30 percent of the AMI, there are seven studios with a monthly rent of $544 for incomes ranging from $21,566 to $37,290; five one-bedrooms with a monthly rent of $689 for incomes ranging from $26,949 to $41,940; and one two-bedroom with a monthly rent of $813 for incomes ranging from $32,263 to $50,310.
At 50 percent of the AMI, there are three studios with a monthly rent of $1,010 for incomes ranging from $37,543 to $62,150; six one-bedrooms with a monthly rent of $1,271 for incomes ranging from $46,903 to $69,900; and one two-bedroom with a monthly rent of $1,512 for incomes ranging from $56,229 to $83,850.
At 60 percent of the AMI, there are five studios with a monthly rent of $1,243 for incomes ranging from $45,532 to $74,580; nine one-bedrooms with a monthly rent of $1,563 for incomes ranging from $56,915 to $83,880; and three two-bedrooms with a monthly rent of $1,864 for incomes ranging from $68,298 to $100,620.
Prospective renters must meet income and household size requirements to apply for these apartments. Applications must be postmarked or submitted online no later than February 24, 2025.
Subscribe to YIMBY’s daily e-mail
Follow YIMBYgram for real-time photo updates
Like YIMBY on Facebook
Follow YIMBY’s Twitter for the latest in YIMBYnews
This is great because East New York needs to be revitalized. Upgrade the neighborhood and the Bodegas need to renovate their stores. In addition to the new building, the area must have a decent and well stocked supermarket.
Why do all the new “affordable” buildings look like medical centers from the 70s?