Here’s some exciting news for those searching for a new place to call home in Brooklyn—a fresh round of affordable apartments is up for grabs in Gowanus at 325 Bond Street. This latest Brooklyn Housing Lottery is a golden opportunity for both low and middle-income households to plant roots in a neighborhood that’s rapidly changing and in high demand.
Applications are now open for 153 units at 325 Bond Street, spanning studios, one-, and two-bedroom layouts. Rents stretch from $903 on the lower end to $3,821, all depending on the size and income eligibility of the applicant.
The full announcement, originally outlined in a press release from NYCNewswire, underscores New York City’s ongoing commitment to affordable housing via their Inclusionary Housing Program.
Gowanus Welcomes New Affordable Housing Opportunity
With the Brooklyn Housing Lottery at 325 Bond Street, 153 apartments will soon be available to applicants from a variety of income brackets. Gowanus is at the center of a construction boom, and this development gives longtime residents—and newcomers—a shot at staying in a sought-after spot.
This project springs from the city’s Inclusionary Housing Program, where developers must integrate affordable units into their new buildings. There’s also a nod to the 421a tax incentive, which makes it easier for mixed-income projects like this to happen.
The building offers apartments fit for singles, couples, or families, all below typical market prices—which is no small feat as area rents keep climbing.
How Much? Who Qualifies?
Prices vary: studios start at $903 and can go up to $2,633 per month, while one-bedrooms range from $960 to $3,821. Two-bedrooms fall between $1,142 and $3,366, all based on income tiers.
Eligibility spans multiple income bands: 40%, 60%, 110%, and 130% of the Area Median Income. In other words, this isn’t just for very low-income households; moderate and middle-income families get a shot too. Qualified applicants can earn anywhere from $34,766 to $192,500 a year, depending on their household size and chosen apartment.
Lower-priced units are aimed at those closer to 40% and 60% AMI, while higher income bands unlock access to the more expensive options. This mix aims to serve a broader population and keep Gowanus inclusive.
Keeping Gowanus Accessible
Securing an apartment in Gowanus is no easy feat, especially as the neighborhood evolves and rents rise. For many, lotteries like this are a crucial entry point. These 153 units aren’t a cure-all for the city’s housing shortage, but they offer hope for those who want to stay in the area.
To make things even more accessible, there’s preference given to those who already live in Brooklyn Community Board 06, which covers Gowanus and nearby neighborhoods, plus extra consideration for city workers and veterans.
This approach helps ensure that as Gowanus grows, more people can take part in its future.
Modern Amenities for City Life
Living at 325 Bond Street comes with perks like a rooftop space, fitness center, business lounge, kids’ playroom, and communal laundry. Practical features such as energy-efficient appliances, dishwashers, bike storage, package lockers, and a virtual doorman are included, making daily life easier. Heating and hot water come with the rent; tenants handle their own electric bills.
The Bigger Picture
This lottery is part of New York’s larger vision to expand affordable housing options, especially as neighborhoods like Gowanus continue to transform. Keeping housing within reach is no small task, but projects like this are a step in the right direction.
Regular Brooklyn Buzz updates keep locals informed about housing developments and underline the ongoing investment in affordability.
Want to Apply? Here’s How
If you want to throw your hat in the ring, head to NYC Housing Connect before the deadline—June 8, 2026. There’s no fee or deposit needed, but it’s important to double-check you meet the eligibility requirements.
You can read more in the original press release.
Quick Answers to Common Questions
What’s being offered at 325 Bond Street?
It’s a city-run affordable housing lottery with 153 apartments in Gowanus.
Who can apply?
If your household’s annual income is between $34,766 and $192,500, you may qualify depending on the unit.
When’s the deadline?
Apply by June 8, 2026.
Leave a Reply