Affordable Housing Lottery Opens for East New York Complex, With Units Starting at $617 a Month
The colorful building rising on the site of a former parking lot will have supportive services, a community facility, childcare, and medical care.
Rendering via Mega Contracting Services
An affordable housing lottery has opened for 53 apartments in a 100 percent affordable development rising on the site of a former parking lot on Euclid Avenue in East New York.
The one-, two-, and three-bedroom apartments are aimed at households earning between 30 percent and 60 percent of Area Median Income, a truly affordable range compared to the majority of the units offered in the city’s housing lottery system.
Eligible incomes range from $24,515 to $105,060 for households of one to seven people. Rents range from $617 to $1,931 a month depending on unit size and income level, according to the NYC Housing Connect listing.
The listing notes that seven of the one-bedroom units targeted at those earning 40 percent of AMI will give preference to households headed by a senior 62 or older. The lottery site also says there is a preference for residents of Brooklyn Community Board 5. Tenants will have to pay for electricity, which includes an electric stove.
The new eight-story development, dubbed Euclid Glenmore Apartments, is located at 437 Euclid Avenue. Once completed, the building will include 135 apartments, building permits show. The 81 apartments not included in the housing lottery area will be for “low income or formerly homeless individuals or families with special needs, who are referred by city agencies,” rather than filled by lottery, according to the listing.
Affordable housing developer Lantern Organization teamed up with Mega Contracting Services as the developers on the project, and brought Urban Architectural Initiatives onboard for the design.
According to Mega’s website the “development aims to provide a safe and comfortable haven for families in need,” adding the team behind the development has a commitment to comprehensive services. That includes an on-site supportive services center and a community facility that offers childcare and medical services.
Renderings show the boxy masonry building will have a mostly white facade with some gray recessed areas. Varying sizes of windows and panels of yellow, green, and blue will create colorful checkerboard patterns on the facade. Mega says on its site the paneling adds a “touch of vibrancy and visual interest.”
Euclid Glenmore Apartments was constructed through the city’s Supportive Housing Loan program, which funds the creation of permanent, affordable housing with on-site support services.
Lantern Organization and Mega, through Euclid Glenmore Housing Development Fund Corporation, bought the site from 404 Pine LLC for $6.125 million in 2021, according to city records. The 20,000-square-foot site has been used as a parking lot since at least the 1980s, the tax photo from the time shows.
Euclid Glenmore Apartments is one of a number of new affordable housing developments in the East New York and Brownsville areas. In 2022, Brooklyn’s District 42, which includes parts of East New York, Starrett City, Brownsville, Canarsie, Remsen Village, and East Flatbush, saw the second highest number of affordable units built citywide using city financing.
In 2023, a housing lottery opened for 125 affordable apartments at 583 Emerald Street, with units starting $419 a month; another launched for 22 apartments starting at $710 a month at 410 Warwick Street; another for 72 units starting at $589 a month at 273 Snediker Avenue; and one for 108 units at 381 Chester Street, with some apartments listed as rent-free, to name just a few.
The lottery for the Euclid Glenmore Apartments closes on April 16. To apply, visit the listing on Housing Connect.
[Renderings via Mega Contracting Services]
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