Everyone knows how hard it is to purchase a home in New York City, with the average home prices at over $700,000, plus the normal 10-20% down payment. Through the NYC Housing Connect program, there is a list of 15 new homes being built, for sale to first time home buyers, with 5% down.
Each Home has a Contemporary Design with Energy Efficient Features, Washer/Dryer Hook Up, Separate Utilities for Rental Units. A 5% minimum down payment provides an affordable opportunity to many First-time Buyers.*
Informational sessions will be held on: March 2nd, 2021 at 6:00 pm at https://nychpd.webex.com/nychpd/j.php?MTID=mf88adefda9961eeb656747d02cc8cfb0 (password: DVdD6MjPa38) and March 30th, 2021 at 6:00 pm at https://nychpd.webex.com/nychpd/j.php?MTID=m5b9ee6e623a277241072ee438acdb992 (password: pgHMiXwD376). Seminar attendance is not mandatory to purchase a home.
Affordable Housing Program
These Homes are being built under the Neighborhood Infill Housing Opportunities Program of New York City Department of Housing Preservation and Development
No deposits/application fees. More information: https://www.mothergastonhomes.com
A percentage of units are set aside for:
Preference for a percentage of units goes to:
| Address | AMI % | Layout | # Units | Household Size | Household Income | Asset Limit | Estimated Sale Price | Min Down Payment |
|---|---|---|---|---|---|---|---|---|
| 668 Vermont St, Brooklyn | 90% | 2 Bedroom | 1 family | 2 – 5 people | $74,752 – $110,520 | $198,975 | $529,347 | 5% |
| 666 SNEDIKER AVENUE, BROOKLYN | 90% | 2 Bedroom | 1 family | 2 – 5 people | $83,968 – $110,520 | $198,975 | $589,740 | 5% |
| 21 Malta St, Brooklyn | 90% | 2 Bedroom | 1 family | 2 – 5 people | $73,905 – $110,520 | $198,975 | $477,158 | 5% |
| 1745 LINDEN BOULEVARD, BROOKLYN | 90% | 2 Bedroom | 1 family | 2 – 5 people | $62,464 – $110,520 | $198,975 | $478,014 | 5% |
| 299 Mother Gaston Blvd, Brooklyn | 90% | 2 Bedroom | 1 family | 2 – 5 people | $74,752 – $110,520 | $198,975 | $509,438 | 5% |
| 273 MOTHER GASTON BOULEVARD, BROOKLYN | 90% | 3 Bedroom | 1 family | 3 – 7 people | $85,275 – $126,900 | $198,975 | $524,907 | 5% |
| 38 Christopher Ave, Brooklyn | 90% | 3 Bedroom | 1 family | 3 – 7 people | $86,412 – $126,900 | $198,975 | $538,166 | 5% |
| 281 Mother Gaston Blvd, Brooklyn | 90% | 3 Bedroom | 1 family | 3 – 7 people | $86,412 – $126,900 | $198,975 | $555,538 | 5% |
| 642 Hinsdale St, Brooklyn | 90% | 3 Bedroom | 1 family | 3 – 7 people | $83,001 – $126,900 | $198,975 | $603,717 | 5% |
| 655 Hinsdale St, Brooklyn | 100% | 3 Bedroom | 1 family | 3 – 7 people | $93,234 – $141,000 | $198,975 | $644,235 | 5% |
| 668 Snediker Ave, Brooklyn | 100% | 3 Bedroom | 1 family | 3 – 7 people | $93,234 – $141,000 | $198,975 | $641,032 | 5% |
| 653 HINSDALE STREET, BROOKLYN | 100% | 3 Bedroom | 1 family | 3 – 7 people | $93,234 – $141,000 | $198,975 | $647,582 | 5% |
| 2178 Dean St, Brooklyn | 120% | 3 Bedroom | 1 family | 3 – 7 people | $115,974 – $169,200 | $198,975 | $693,937 | 5% |
| 2164 Dean St, Brooklyn | 120% | 3 Bedroom | 1 family | 3 – 7 people | $117,111 – $169,200 | $198,975 | $701,945 | 5% |
| 1633 St Marks Ave, Brooklyn | 120% | 3 Bedroom | 1 family | 3 – 7 people | $117,111 – $169,200 | $198,975 | $706,714 |
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