$168K Income Required For 'Affordable' Brooklyn Homes

BROOKLYN, NEW YORK — The cheapest "affordable" apartment in Bushwick costs more than $1,700 a month and the only affordable option in Crown Heights comes with a $90,000 minimum salary requirement.

Only 10 percent of the 118 "affordable" Brooklyn apartments available through the city's Mandatory Inclusionary Housing program on Dec. 31 were available to people earning less than the area median income, a Patch analysis shows.

As part of a monthly series that examines what 'affordable' means in Brooklyn, Patch examined the seven Brooklyn listings on NYC Housing Connect — the mayor's affordable housing program, recently criticized by a City Comptroller report for exorbitant prices — available to qualifying New Yorkers on Dec. 31.

The limited number of available units was a big drop from from November's 351 Brooklyn apartments up for grabs and the 789 units available in October.

The best bargain could be found in Bed-Stuy where one lone development was accepting applicants who earn less than area median income.

Applicants were required to make at least $90,000-per-year to nab one of three $2,666 apartments available in Crown Heights. And in Bushwick, the cheapest apartment cost $1,759 a month.

To find out how your neighborhood stacks up, keep reading. Below you'll find the breakdown of listings by neighborhood, with area profiles, specific income requirements and information about how to apply — if you qualify.

Bedford-Stuyvesant

Neighborhood Profile:

Listings: 2
Apartments available: 27
Units At 60 Percent AMI: 0
Units at 80 Percent AMI: 12
Units At 130 Percent AMI: 15
Most Expensive Unit: $2,666 on-bedroom at 924 Myrtle Ave.
Cheapest Unit: $1,102 one-bedroom at 633 Marcy Ave.

Listings:

Address: 924 Myrtle Ave.
Apartments Available: 7
Monthly Rent: From $1,975 to $2,666
Annual Income Requirement: Between $67,715 and $135,590
Deadline To Apply: Dec. 20
Click here for details

Address: 633 Marcy Ave.
Apartments Available: 20
Monthly Rent: From $1,102 to $2,665
Annual Income Requirement: Between $46,732 and $135,590
Deadline To Apply: Jan. 9, 2019
Click here for details

Bushwick And East Williamsburg:

Neighborhood Profile:

Listings: 4
Apartments available: 88
Units At 60 Percent AMI: 0
Units At 130 Percent AMI: 88
Most Expensive Unit: $2,888 three-bedroom at 46 Cook St.
Cheapest Unit: $1,759 studio at the Bushwick and Evergreen Apartments

Listings:

Address: 889 Bushwick Ave. and 340 Evergreen Ave.
Apartments Available: 67
Monthly Rent: From $1,759 to $2,506
Annual Income Requirement: Between $60,309 and $146,510
Deadline To Apply: Dec. 31
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Address: 435 Wilson Ave.
Apartments Available: 3
Monthly Rent: $1,900 to $2,650
Annual Income Requirement: Between $65,143 and $146,510
Deadline To Apply: Jan. 15
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Address: 314-316 Evergreen Ave.
Apartments Available: 4
Monthly Rent: $2,049
Annual Income Requirement: Between $70,252 and $108,550
Deadline To Apply: Jan. 3
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Address: 46 Cook St.
Apartments Available: 14
Monthly Rent: From $2,081 to $2,888
Annual Income Requirement: Between $71,349 and $168,220
Deadline To Apply: Jan. 14
Click here for details

Crown Heights

Neighborhood Profile:

Listings: 1
Apartments available: 3
Units At 60 Percent AMI: 0
Units At 130 Percent AMI: 3

Listings:

Address: 797 Sterling St.
Apartments Available: 3
Monthly Rent: $2,666
Annual Income Requirement: Between $91,406 and $146,510
Deadline To Apply: Jan. 3
Click here for details

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