Affordable Housing Lottery is Now Open in East Williamsburg

Parkview Management’s newest project is almost complete! 80 Ainslie Street will be a mixed-use building with 11,400 square feet dedicated to residential use, and 4,560 square feet for commercial retail use. Parkview Management is anticipated to receive a tax exemption through the 421a Tax Incentive program of the New York City Department of Housing Preservation and Development. Therefore, 80 Ainslie Street will set aside 30% of it’s residential units to affordable housing. The New York YIMBY reports that permits for the reconstruction of 80 Ainslie Street were filed back in the summer of 2015. Although the construction of this project has been slower than expected, the project should be completed by the end of the year with occupancy to follow soon after.

80 Ainslie will have a total of sixteen units. Out of the sixteen units, five units have been assigned to affordable housing rentals. The units include two one-bedroom apartments and, three two-bedroom apartments. The affordable rental for the units will range between $2,320 per month for the one-bedroom units and $2,795 per month for the two-bedroom units. Qualifying New Yorkers are welcome to apply. To qualify for the unit’s families of one to four people must show they earn between $79,543 annually and $133,590 annually.

80 Ainslie Street offer’s its residents a wide variety of top of the line amenities like a bike room storage, on-site laundry room and, a rooftop terrace perfect for entertaining. Conveniently located just a short walk away from major transportation lines 80 Ainslie Street calls for an easy commute in and out of Williamsburg.

Qualified applicants will be required to meet additional criteria. Applicants living in New York City will receive a general preference for affordable housing apartments. The lottery is now open and accepting applications through April 12, 2019.