June 29, 2025
Bushwick renters, take note—a rare opportunity is about to close. The affordable housing lottery for 19 income-restricted units across three new developments is wrapping up in just two days. If you’ve been waiting for a break in the Brooklyn market, this might be it.
The Bushwick Alliance Apartments span three addresses: 63 Stockholm Street, 332 Eldert Street, and 272 Jefferson Street. Altogether, the buildings contain 28 units, 19 of which are part of this housing lottery.
Renters can choose from studios, one-bedrooms, and two-bedroom apartments, all priced based on income tiers ranging from 40% to 80% of the Area Median Income (AMI). That means individuals earning as little as $38,435—or households up to $140,000—could qualify.
The pricing is a game-changer for this part of Brooklyn:
These aren’t bare-bones units either. The apartments include energy-efficient appliances, A/C, and rents that cover heat, hot water, and even cooling. Tenants will only need to pay for electricity. Buildings are smoke-free and pet-friendly (with limits), and Community Board 4 residents get first priority.
Among the three buildings, 63 Stockholm Street is the largest, offering 20 apartments plus on-site perks like a resident manager, green space, and laundry. All three buildings feature modern designs that blend clean lines, durable materials, and welcoming street-level elements.
This project was made possible through the city’s Neighborhood Construction Program and the Low-Income Housing Tax Credit initiative. It’s a good example of how city-backed development can add real, tangible options to a neighborhood without sacrificing design or community standards.
As a realtor who works with both renters and developers, I encourage clients to take these opportunities seriously. Affordable lotteries like this don’t come around often, especially in a neighborhood as hot as Bushwick. If you’re eligible—apply now.
Disclaimer: This content is meant for informational purposes only and is not intended to be construed as financial, tax, legal, or insurance advice.
