An affordable housing lottery has launched for a new 14-story development on Atlantic Avenue in East New York. The 233-unit building replaced neighborhood icon Mrs. Maxwell’s Bakery and its parking lot.
Included in the lottery for the project, dubbed 2700 Atlantic Avenue Apartments and located at 2700 Atlantic Avenue, are 44 one-, two-, and four-bedroom units, all rent stabilized and subject to income limits. Most are truly affordable, with 35 apartments set aside for households of one to nine people earning 40 and 60 percent of Area Median Income, or $35,692 to $136,080 a year, according to the listing.
In those brackets there are 22 one-bedroom apartments renting for $761 and $1,261 a month, 11 two-bedrooms for $833 and $1,433 a month, and two four-bedroom units for $931 and $1,705 a month. The listing states 5 percent of the apartments are set aside for people with mobility impairments and 2 percent are set aside for people with hearing or vision impairment.
The remaining nine units in the lottery are for households earning 100 percent AMI, or $87,155 to $175,000 a year for households of one to five people. There are eight one-bedroom units for $2,262 a month and one two-bedroom apartment for $2,634…