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Twenty-six discounted co-ops are available to buy in Bedford-Stuyvesant, Brooklyn, through a city affordable housing program.
The apartments are newly renovated and located in a pre-war building at 34 Jefferson Ave. The apartments are studios through four bedrooms, and are set aside for households making $41,000-$103,275 a year. Three studios are priced at $87,000; 17 one bedrooms are available for $93,000.
To be eligible, applicants must have no more than $182,525 plus the required 10 percent down payment, and must not own or have purchased residential real estate.
Full income eligibility and purchasing details are here:
Information sessions will be held on Wednesday, July 11th and Wednesday, August 8th from 6-7 p.m. at Brown Memorial Baptist Church, 484 Washington Ave., in Brooklyn. Attendance is not mandatory to purchase an apartment.
The building is near the eastern border of Clinton Hill, with the C train and Franklin Avenue Shuttle down the block at Fulton Street. Several shops and restaurants are nearby. The John Hancock Playground is a block away.
To download the application, click here. To request an application by mail, send a self-addressed envelope to Jefferson Arms HDFC—Attention: IMPACCT Brooklyn, 1224 Bedford Ave., Brooklyn, NY 11216. Don’t sent more than one application or you could be disqualified. Applications must be postmarked by August 27th, 2018, and should be sent by regular mail only (i.e., not certified or express mail).
Note: Brick Underground is in no way affiliated with New York City’s Department of Housing Preservation and Development. For more on city-sponsored homeownership opportunities, click here. For more details on this particular lottery, click here. For information about affordable rental opportunities, visit NYC Housing Connect.