99 Fleet Place: Affordable Housing Lottery in Downtown Brooklyn

The affordable housing lottery for 99 Fleet Place has officially opened, offering a unique opportunity for residents seeking affordable, well-equipped apartments in Downtown Brooklyn. Developed by The Jay Group and designed by JFA Architects & Engineers, this 21-story mixed-use building features 292 residences, with 75 units made available through NYC Housing Connect. Income requirements range from 40% to 130% of the area median income (AMI), allowing a diverse range of income brackets to qualify for these units.

Affordable Housing at 99 Fleet Place

99 Fleet Place offers an extensive selection of amenities designed to enhance comfort and convenience. Residents can enjoy pet-friendly policies, a dog park, electric vehicle charging stations, a rooftop terrace, a media room, and a business center. Units are designed with comfort in mind, featuring air conditioning, hardwood floors, patios or balconies, and high-quality kitchen appliances and finishes.

Income and Rent Tiers

Eligibility for the 99 Fleet Place housing lottery depends on meeting specific income and household size criteria. At 40% of the AMI, monthly rents start as low as $750 for studios, with similar income-based pricing for one- and two-bedroom units. For residents in the 60% AMI bracket, rents increase to $1,217 for studios and $1,433 for two-bedroom units. Higher tiers, such as 100% and 130% AMI, offer options for those with larger household incomes, up to a maximum income of $218,010 for certain units. This varied structure allows individuals and families across income levels to find suitable housing within 99 Fleet Place.

40% of Area Median Income (AMI):

Studio Apartments
- Units Available: 14
- Monthly Rent: $750
- Eligible Income Range: $31,372 – $49,720
One-Bedroom Apartments
- Units Available: 14
- Monthly Rent: $761
- Eligible Income Range: $33,360 – $55,920
Two-Bedroom Apartments
- Units Available: 2
- Monthly Rent: $833
- Eligible Income Range: $39,806 – $67,080

60% of Area Median Income (AMI):

Studio Apartments
- Units Available: 3
- Monthly Rent: $1,217
- Eligible Income Range: $47,383 – $74,580
One-Bedroom Apartments
- Units Available: 2
- Monthly Rent: $1,261
- Eligible Income Range: $50,503 – $83,880
Two-Bedroom Apartments
- Units Available: 27
- Monthly Rent: $1,433
- Eligible Income Range: $60,378 – $100,620

100% of Area Median Income (AMI):

Studio Apartments
- Units Available: 1
- Monthly Rent: $2,151
- Eligible Income Range: $79,406 – $124,300
One-Bedroom Apartments
- Units Available: 3
- Monthly Rent: $2,262
- Eligible Income Range: $84,823 – $139,800
Two-Bedroom Apartments
- Units Available: 8
- Monthly Rent: $2,634
- Eligible Income Range: $101,555 – $167,700

130% of Area Median Income (AMI):

Two-Bedroom Apartments
- Units Available: 1
- Monthly Rent: $4,215
- Eligible Income Range: $144,515 – $218,010

Application Process and Deadline

Prospective renters interested in 99 Fleet Place must apply through NYC Housing Connect. Applications can be submitted online or by mail and must be postmarked by January 16, 2025, to be considered. This article from New York YIMBY details the structure and requirements for the units, which offers Downtown Brooklyn residents a promising chance at affordable and quality housing.

The 99 Fleet Place affordable housing lottery represents a significant opportunity for eligible residents to secure affordable living in a vibrant Brooklyn neighborhood. With diverse income tiers and a wide array of amenities, 99 Fleet Place aims to cater to a broad demographic, providing a place to call home in the heart of the city.