Housing lottery launches for 369 rent-stabilized apartments in Cypress Hills
- Households that earn $19,372 to $173,340 are eligible to apply. Rents start at $454 for a studio
- The elevator building at 254 Euclid Ave. has a gym, terrace, party room, and package lockers
The Cypress Hills building is one of three connected affordable housing developments on Euclid Avenue.
Housing lottery applications are open for 369 rent-stabilized apartments at a new development in Cypress Hills, Brooklyn. Households that earn $19,372 to $173,340 are eligible to apply, depending on the number of people you live with. Rents start at $454 for a studio.
The elevator building at 254 Euclid Ave. has a gym, terrace, package lockers, party room, and bike storage lockers. It’s located near the Crescent Street subway station, serving the J and Z lines.
Developed by Phipps Houses, the 14-story property is one of three apartment buildings on the block bounded by Atlantic Avenue, Chestnut Street, Fulton Street, and Euclid Avenue. In total, the development will create 1,200 new apartments in the neighborhood, Commercial Observer reported.
The Dattner Architects-designed building replaced the Chloe Foods Corporation, a food processing plant that partially burned down in a 2012 blaze, two years after it closed up shop. Former Mayor Bill de Blasio rezoned the site, along with hundreds of other blocks, in 2016 in a bid to create more affordable housing in the area—with mixed results.
The apartments are set aside for New Yorkers earning from 30 to 90 percent of the area median income (AMI)—a metric that depends on how many people you live with. Currently the AMI for New York City is $124,300 for a two-person household. The apartments available include studios as well as one-, two-, and three-bedroom units.
There are 46 one-bedroom apartments available for households earning from $57,943 to $83,880. The rent for these apartments is $1,563 per month.
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The developers have set aside 20 percent of the rent-stabilized apartments for applicants who already live in the area. Future lotteries will use a lower ratio as a result of a lawsuit settlement, which claimed the practice of community preference perpetuates segregation and violates the Fair Housing Act. Check out: "NYC agrees to cut percentage of housing lottery units set aside for nearby residents."
Another 5 percent of the apartments will be preferentially given to NYC employees. A small percentage of the apartments are also set aside for residents with mobility, vision, and hearing needs.
Applications must be submitted online or postmarked no later than May 19th.
If you’re interested and think you might qualify for one of these apartments, you can create a profile and apply online via NYC Housing Connect. For details on this particular lottery, click here. Don’t apply more than once, or you could be disqualified.
Winning a rent-stabilized apartment can be life changing: Rent increases are capped and lease renewals are automatic, providing long-term stability for NYC renters. Need more information on how the housing lottery works? Check out “6 steps for applying to NYC's affordable housing lottery.”
For some advice from successful applicants read “How to land a rental apartment through NYC's affordable housing lottery.” And if you or someone you know is having trouble with the application process, consider reaching out to a housing ambassador in the community.
Note: Brick Underground is in no way affiliated with New York City’s Department of Housing Preservation and Development or the Housing Development Corporation. If you are interested in applying to these or other affordable housing developments, please go to NYC Housing Connect for information and instructions.
Have you successfully won an apartment through the affordable housing lottery? If you have first-person advice to share about the process, we’d love to hear from you. Please send us an email. We respect all requests for anonymity.
