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More Affordable Housing Units in Bushwick's Rheingold Brewery Development Are Available  — Real Estate on Bushwick Daily

More Affordable Housing Units in Bushwick's Rheingold Brewery Development Are Available

There are 100 units up for grabs.

Evan Haddad

@evan_haddad88

After several years of contentious community discussion about the Rheingold Brewery development in Bushwick, another affordable housing lottery has opened for apartments there. 

There are 100 affordable units currently up for grabs at 10 Montieth St. through NYC Housing Connect. The units are available for singles and families earning 60 percent of New York City's Area Median Income (AMI), or between $33,189 and $62,580 per year. The apartments will cost $913, $980, and $1,183 for studios, one-bedrooms, and two-bedrooms, respectively. If that's confusing, have a look at this chart: 

For an additional charge, residents of the affordable units at Montieth Street can enjoy a few of the building’s perks: a fitness center, children’s playroom, climbing wall, sauna, and rooftop garden with grilling stations.

The 10-block Rheingold Brewery site will ultimately have between 800 and 900 units within one million square feet. The development has been controversial from the start: In 2013, debate over a change in the zoning law sparked protests, sleep-ins, and general neighborhood outrage. As a result of the changed zoning, Rheingold's developers, All Year Management and the Rabsky Group, cut the number of affordable housing options down from 30 to 20 percent in 2017.  

The Department of Housing Preservation and Development, which oversees affordable housing, determines eligibility for its program based on the city's AMI. Housing is considered affordable if it costs about one-third or less of what the people living there make. In 2017, the AMI for the New York City region was $85,900 for a three-person family.

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Cover image courtesy of ODA Architecture 

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