Lottery Launched For Affordable Housing in Bed Stuy, Brooklyn



The affordable housing lottery has just been opened for The Garnet, an 11-story mixed-use development at 1620 Fulton Street in Bedford-Stuyvesant, Brooklyn. Developed by BFC Partners and designed by Shakespeare Gordon Vlado Architects, the106,672-square-foot building will yield 130 units.


Available on NYC Housing Connect are 94 units for residents at 50 to 150 percent of the area median income, ranging in eligible income from $25,372 to $184,200. Approximately 50 percent of the apartments will be set aside for community board residents.


Residential amenities include a 24-hour attended lobby, a landscaped outdoor terrace, bike storage, a fitness center, children’s playroom, and a shared laundry room on each floor. The Garnet will also have 12,000 square feet of retail space.


At 50 percent of the AMI, there are six studios with a $667 monthly rent for incomes ranging from $25,372 to $45,500; nine one-bedrooms with a $848 monthly rent for incomes ranging from $31,920 to $51,200; and six two-bedrooms with a $1,027 monthly rent for incomes ranging from $38,949 to $61,400.


At 100 percent of the AMI, there are six studios with a $1,184 monthly rent for incomes ranging from $43,098 to $91,000; 11 one-bedrooms with a $1,494 monthly rent for incomes ranging from $54,069 to $102,400; and six two-bedrooms with a $1,802 monthly rent for incomes ranging from $65,520 to $122,800.


At 150 percent of the AMI, there are 12 studios with a $1,810 monthly rent for incomes ranging from $64,560 to $136,500; 22 one-bedrooms with a $2,277 monthly rent for incomes ranging from $80,915 to $153,600; and 16 one-bedrooms with a $2,741 monthly rent for incomes ranging from $97,715 to $184,200.00


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 9, 2021.



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