Applications Open for New 219 Unit Building in East New York to Open This Summer

50 Penn, located at 2628 Fulton St. is a newly constructed 219 unit mixed-use building located in the East New York (CB #5) section of Brooklyn, New York. The property will complete construction in the Summer of 2021. Project amenities include a outdoor terrace, bicycle storage, community rooms, elevator, and on-site laundry room. Project amenities are available to all building residents. The building is smoke-free and is in close proximity to public transit. Tenants are responsible for electricity for cooking and light.  This building is part of the NYC Connects Affordable Housing Program.

Affordable Housing Program

This building is being constructed through the Extremely Low & Low-Income Affordability (ELLA) Program of both the New York City Housing Development Corporation (HDC) and the New York City Department of Housing Preservation and Development (HPD) and HPD’s Mandatory Inclusionary Housing Program.  No deposits/application fees. For Details on income requirements, rent amounts and application for this new development go to: https://housingconnect.nyc.gov/PublicWeb/

A percentage of units are set aside for:

5% – Mobility
2% – Vision/Hearing

Preference for a percentage of units goes to:

50% – Residents Living in Community Board 5 District (ENY)
5% – NYC Employee

Amenities

Outdoor terrace
Shared laundry room
Bike storage lockers
Bus stop/Public transportation access
Pedestrian-friendly – Walk Score
Community center
Security cameras
Elevator
Smoke-free