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HDC Press Releases
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APPLICATIONS AVAILABLE FOR
NEWLY CONSTRUCTED APARTMENTS LOCATED
IN THE PROSPECT HEIGHTS AREA
OF BROOKLYN
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16 Apartments available at below-market rents
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Brooklyn, NY, October 20, 2003
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The New York City Housing Development Corporation (HDC) announces that applications are available now for 16 newly constructed affordable housing rental apartments at 893-895 Pacific Street, Brooklyn. Apartments vary in size and include 8 one-bedrooms, and 8 two-bedrooms, and are reserved for households with an annual income ranging from $65,000 to $134,400 (incomes vary within these bounds depending on apartment size and family size).
The development is under construction by the Pacific Street Associates LLC, an entity formed by the principals of the Borj Construction Company. The development has been financed through the sale of bonds from HDC's New HOP program. In accordance with the New HOP program, 16 apartments are available for middle-income residents who make up to 250% of the area median income.
To request an application for one of the below-market-rate units, please send a letter and a self addressed envelope to:
Pacific Associates
895 Pacific Street
Brooklyn, NY 11238
(718) 638-3737 between 12am to 1pm.
Applications will be mailed to requesters though November 18, 2003. Completed applications must be received by management no later than December 1, 2003. Eligibility is based on income, family composition, continuing need and other factors.
Applicants will be selected through a lottery system.
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