An affordable housing lottery is now accepting applications for a newly completed residential tower in Downtown Brooklyn, according to New York YIMBY. The building, located at 163 Willoughby Street, rises 27 stories and contains a total of 90 residences. It was developed by Jay Group and designed by J Frankl Architects. Of the total unit count, 20 apartments have been set aside for the lottery, targeting households earning up to 80 percent of the area median income. Eligible income ranges for those units run from $75,669 to $146,560 annually. Applications are being accepted through NYC Housing Connect.
ParkPoint Perspective
A 27-story mixed-use delivery in Downtown Brooklyn, with only 20 of 90 units designated affordable, illustrates the persistent tension between affordability set-aside requirements and overall project feasibility in high-cost, supply-constrained submarkets. The 80% AMI threshold — targeting households earning well above the borough median — suggests developers are structuring affordability compliance at the least financially burdensome tier. Investors may read this as a signal that even modest inclusionary obligations are shaping unit mix and phasing decisions in one of Brooklyn’s most active development corridors.
Source: New York YIMBY