For the first time since the city’s housing lottery portal launched in 2020, Bushwick has an affordable homeownership lottery: 16 co-op apartments in two new buildings, in a system where fewer than 3 percent of lotteries sell homes instead of renting them, according to the city housing department’s lottery records on NYC Open Data. The lottery, announced by nonprofit developers Riseboro and Nehemiah HDFC and listed on NYC Housing Connect, closes on September 3.

The units are at 1262 Bushwick Avenue and 635 Chauncey Street, two four-story buildings with eight apartments each. They range from one to three bedrooms, and every one of them is reserved for first-time buyers who will live there as their primary residence. You apply through NYC Housing Connect, the city’s centralized portal for affordable housing.

The prices break down as follows. The cheapest apartment is a one-bedroom priced at $219,500, aimed at households of one to three people earning between $88,666 and $137,430 a year, which is 90 percent of the Area Median Income. At the top end, the most expensive unit is a three-bedroom priced at $459,200, for households of three to seven people earning between $154,410 and $231,440, or 110 percent of AMI. Monthly maintenance runs from $844 to $1,695 depending on the unit.