The new rental development at 16 Charles Place in Bushwick is ready to offer eight apartments via an affordable housing lottery.

Rents for the lottery units will be $856 for a studio, $985 for a 1-bedroom and $1,114 for a 2-bedroom unit. That’s far below the market-rate rents for 2- and 3-bedroom apartments, which are going for $2,400 and $3,094, respectively.

Eligible applicants must earn 60 percent of the area median income. That means $29,349 to $40,080 for a single person; $33,772 to $45,840 for a two-person household; $38,195 to $51,540 for a three-person household; and $38,195 to $57,240 for a household of four people. See details below.

illustration of 16 Charles Place lottery

The 16 Charles Place apartments are part of the Lyceum Square development, along with 961 Willoughby Ave. There are a total of 63 units in the five-story rental building. Amenities include a fitness center, residents’ lounge, laundry, parking, elevators, and roof deck.

To apply online, go to NYC Housing Connect. To request an application by mail, send a self-addressed envelope to: 16 Charles Place Apartments, C/O Metropolitan Realty Exemptions, 118 Middleton Street, Brooklyn NY 11206.

Applications must be postmarked or submitted online no later than March 6, 2018.

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