Two Trees receives 87,000 affordable housing lottery applications for 325 Kent at Domino Sugar site
Following a series of multilingual application workshops, Two Trees Management announced Wednesday that it received more than 87,000 applications for the 325 Kent Ave. affordable housing lottery. 325 Kent is the first rental building at Two Trees’ 11-acre Domino Sugar redevelopment project currently under construction along the Williamsburg waterfront. Designed by SHoP Architects, the 16-story building will include 500 market-rate and affordable apartments.
The entire Domino development will encompass a total of approximately 2,300 apartments, including more than 700 affordable units, 500,000 square feet of office space and a new six-acre waterfront park. It was the first large-scale, mixed-use project to be rezoned under Mayor Bill de Blasio’s administration.
Fifty percent of the affordable units will be reserved for residents of Community Board 1, with other set-asides including mobility disabled applicants (5 percent), vision- or hearing-disabled applicants (2 percent) and municipal employees (5 percent). The apartments will be made available for individuals and families earning between $21,772 and $45,300 annually. Affordable apartments’ rents range from $596 per month for a studio to $979 per month for a two-bedroom. A lottery will be conducted in coordination with HPD and HFA and the first residents are expected to move into the units in June.