Williamsburg Mitchell-Lama co-op opens studio waitlist under $8K

Key facts

Address

202 Union Avenue, Williamsburg, Brooklyn (Lindsay Park Housing Cooperative)

Program

Mitchell-Lama Housing Program

Unit type

Studio apartments for purchase, for households of 1 to 3 people

Purchase price

$6,193 to $7,632

Monthly maintenance

$627 to $774

Lottery selections

500 applicants will be selected for the waiting list

Cost

$75 non-refundable application fee for selected applicants

Eligibility

New York State residents only. Duplicate applications are disqualified.

What it means

The highlights

1. Lindsay Park Housing Cooperative at 202 Union Avenue is part of Mitchell-Lama.
2. 500 applicants will be picked; monthly maintenance runs $627 to $774.
3. Open to New York State residents; duplicate applications are disqualified.

Why it matters

Small households seeking stable, low-cost housing may qualify for a Mitchell-Lama co-op studio, but each must submit only one application.

What to do: Apply once for the waiting list through NYC Housing Connect.

Not known yet

• The application deadline
• Income limits and any asset limits for applicants
• How many studios are expected to open up and how long the waiting list may take
• Which agency, HPD or HCR, supervises this co-op

Background

Mitchell-Lama is a long-running New York program that created affordable rental and co-op buildings for moderate- and middle-income households. Depending on the building, HPD or the state's HCR supervises it. Mitchell-Lama co-ops usually limit resale prices and set income rules for buyers. When a building opens its waiting list through NYC Housing Connect, applicants are typically ranked at random by lottery. Eligibility, including income and household size, is then checked when an applicant's number comes up. That can take a long time.