An affordable housing lottery is now accepting applications for a newly completed mixed-use tower in Downtown Brooklyn, according to NYC YIMBY. The building, located at 163 Willoughby Street, rises 27 stories and contains 90 residences in total. Developed by the Jay Group and designed by J Frankl Architects, the project has made 20 units available through NYC Housing Connect at 80 percent of the area median income. Eligible applicants must fall within an annual income range of $75,669 to $146,560. The lottery represents a portion of the building’s overall residential program, with the remaining units presumably offered at market rate.
ParkPoint Perspective
A 27-story mixed-use delivery in Downtown Brooklyn underscores the borough’s continued role as a pressure-release valve for Manhattan-adjacent housing demand. The relatively narrow affordability set-aside — 20 units out of 90 — suggests the project leans heavily on market-rate revenue, a structure that signals sustained rent-level confidence in the submarket. For investors tracking supply pipelines, each new certificate of occupancy in supply-constrained infill corridors is a data point worth monitoring for its effect on achievable rents and land basis assumptions nearby.
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