The affordable housing lottery has launched for Euclid Glenmore, an eight-story residential building at 437 Euclid Avenue in East New York, Brooklyn. Designed by Urban Architectural Initiatives and developed by The Lantern Organization and Mega Contracting Group, the structure yields 135 residences. Available on NYC Housing Connect are 53 units for residents at 30 to 60 percent of the area median income (AMI), ranging in eligible income from $24,515 to $105,060.
Aside from the residences, there will also be an on-site supportive services center and community facility offering childcare and medical services.
At 30 percent of the AMI, there are seven one-bedrooms with a monthly rent of $617 for incomes ranging from $24,515 to $38,130.
At 40 percent of the AMI, there are seven one-bedrooms with a monthly rent of $882 for incomes ranging from $33,600 to $50,840; 11 two-bedrooms with a monthly rent of $1,046 for incomes ranging from $40,286 to $61,000; and two three-bedrooms with a monthly rent of $1,197 for incomes ranging from $46,560 to $70,040.
At 50 percent of the AMI, there are 11 one-bedrooms with a monthly rent of $1,364 for incomes ranging from $51,189 to $76,250, and two three-bedrooms with a monthly rent of $1,564 for incomes ranging from $59,143 to $87,550.
At 60 percent of the AMI, there are ten two-bedrooms with a monthly rent of $1,682 for incomes ranging from $62,092 to $91,500, and three three-bedrooms with a monthly rent of $1,931 for incomes ranging from $71,726 to $105,060.
Prospective renters must meet income and household size requirements to apply for these apartments. Applications must be postmarked or submitted online no later than April 16, 2024.
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