SOUTH WILLIAMSBURG — The expansive redevelopment of the former Domino Sugar factory will offer more than 100 affordable units in its first building by 2017 — with rents starting at just $553 per month.
The 500-unit building is expected to be completed for move-in by spring 2017, with the housing lottery process happening in late 2016, according to the company.
Of the 700 affordable units planned for the project, 105 of them will be on Site E, where many of units with lower-income requirements will be located. People who make 40 percent or 50 percent of area median income — or $20,109 to $24,080 and $25,564 to $30,100 — will qualify for a studio.
Depending on their qualifications, locals will get a studio renting for either $553 per month or $703 per month in the luxury building, where the units will be integrated with market-rate housing and have the same finishes.
Affordable one-bedrooms will cost between $595 and $765, and affordable two-bedrooms will run from $723 to $916. Preference will be given to people who live within the boundaries of Community Board 1.
Two Trees and local South Williamsburg nonprofits Los Sures and Churches United for Fair Housing hosted a meeting Monday for residents interested in the affordable units.
It attracted hundreds of people, said Rob Solano, executive director for CUFFH, proving that demand for the affordable apartments remain high.
Solano said the income requirements on site E were a boon for the community.
"That's exceptional for this community," he said.