PROSPECT HEIGHTS — Half of the apartments in a 363-unit modular tower within the Atlantic Yards/Pacific Park complex are set to enter an affordable housing lottery next month, lottery organizers announced.
The building, 461 Dean St., has been under construction for years at the corner of Flatbush Avenue and Dean Street directly adjacent to the Barclays Center, the first residential tower in the 22-acre Pacific Park complex (née Atlantic Yards) to enter the city’s affordable housing lottery system, Housing Connect.
In an email, the housing group Mutual Housing Association of New York — which is organizing the lottery at 461 Dean St. on behalf of the building's developers, Forest City Ratner Companies — alerted those interested in the 181 affordable apartments set aside for low- and moderate-income families.
“The lottery has not been opened yet, but is estimated to open in March,” the announcement read, with directions to apply to the city’s Housing Connect website at nyc.gov/housingconnect. “You can create an account today and apply for Pacific Park Brooklyn, 461 Dean Street when it becomes available.”
In a report published Friday about new rental buildings in Brooklyn including 461 Dean St., the New York Times reported that 40 percent of the affordable units will be for people making between 100 and 160 percent of the area median income, or between about $86,300 and $138,000 a year for a family of four, according to the most recent federal estimates.
Rent in the building will also depend on the income of the tenant. A family of four making between 100 and 160 percent of the AMI “could end up paying $2,800 for a two-bedroom,” according to Susi Yu, a Forest City executive, in the Times report.
The building has been touted as the tallest modular building in the world, built from pre-fabricated pieces put together at a factory at the Brooklyn Navy Yard, then stacked and combined together on-site. But construction issues doubled the length of the project, according to reporting in City Limits by Norman Oder of the watchdog blog, Atlantic Yards/Pacific Park Report.
When it is complete, the Pacific Park complex will include 2,250 units of affordable housing. In addition to the 181 units at 461 Dean St., that total includes 298 units in an all-affordable building that just topped out at 535 Carlton Ave.; that 18-story residential tower is set to join the affordable housing lottery sometime this year, developers said.