The first 181 affordable housing units at 461 Dean Street are now set to be offered to applicants through a New York City Department of Housing Preservation and Development lottery. The 32-story building is part of the massive Pacific Park development attached to the Barclays Center in Downtown Brooklyn. Altogether, the 22-acre Pacific Park complex will offer 2,250 units of affordable housing, but for now, the race is on for applicants who can somehow get to the head of the lottery line.
The push for affordable housing in New York City has placed new emphasis on projects that contain affordable units for real estate-addled New Yorkers desperate to find homes in the tightest and most expensive rental market in the country. There will be plenty of competition for these 181 units, and the rest of the Pacific Park affordable units. However, the process can be navigated by anyone willing to get informed and follow instructions. On that note, the first of several informational meetings scheduled for this month will be at 7 p.m. tonight (May 2) at 1378 Fulton Street.
According to developer solely Forest City Ratner Companies, 461 Dean Street will be the tallest modular building in the world, designed by SHoP Architects. The modular tower will add 4,000 square feet of retail at its base while half of the 363 residences will be affordable to low-, moderate-, and middle-income New Yorkers. The building sits on Dean Street between Flatbush Avenue and Sixth Avenue. It is scheduled to open in Fall 2016.
The lottery for 461 Dean Street is open now through June 27 and is for households with incomes between $20,675 and $144,960. Anyone interested can call 718-246-8080 x224 for more information. The email address for lottery information is email@example.com.
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