Greenpoint Middle Income Housing Program

If your combined household income is between $81,258 and $183,300, you could be eligible for a rent stabilized apartment and save up to $38K a year on a new luxury apartment in Greenpoint along the Brooklyn waterfront.*

Rent stabilized tenants are protected from large rent increases and have more housing security, including the right to renew their lease. See FAQ for more information on rent increases.

Ending Soon

Program Overview

235 lucky applicants will be selected through a lottery to lease rent stabilized affordable units that are rent restricted and priced for middle income households. The lottery is run in cooperation with Brookfield Properties, the NYC Department of Housing Preservation and Development, and the non-profit Settlement Housing Fund, Inc.

Increase your chances by applying to both One Blue Slip and Two Blue Slip!

Studios

From $2370

1 Bedroom

From $2542

2 Bedrooms

From $3063

3 Bedrooms

From $3530

Rental Communities

ONE BLUE SLIP

The sister tower to Two Blue Slip, One Blue Slip leads the new luxury building wave along the Greenpoint waterfront.
The spacious and modern residences, over 90% of which have water views, feature bay windows, stainless steel appliances, quartz countertops, and in-home Bosch washer/dryers.

Amenities include:

  • Co-working space with meeting rooms
  • Media room
  • Gaming room
  • Social lounge
  • Reservable event space with adjoining bar
  • Fitness center with yoga room
  • Children’s playroom
  • Outdoor terrace with kitchen and Manhattan views
  • 24/7 Concierge

TWO BLUE SLIP

At the heart of Greenpoint’s stylish waterfront, Two Blue Slip presents a new level of urban sophistication. Expect breathtaking views, high-end amenities, and impeccably designed spaces featuring impressive floor to ceiling windows, deckton cosentino countertops, and in-home Bosch washer/dryers.

Amenities Include:

  • Co-working space
  • Pool with Manhattan views
  • Pool bar
  • Amenity deck with cabanas and outdoor grilling stations
  • Resident’s lounge
  • Media room
  • Two-story fitness center with cycling room
  • Children’s playroom
  • 24/7 Concierge
Unit SizeMonthly Rent 1Units AvailableHousehold Size 2Annual Household Income 3
Studio$2370641 Person
2 Person
$81,258 - $103,480
$81,258 - $118,300
1 Bedroom$25421191 Person
2 Person
3 Person
$87,155 - $103,480
$87,155 - $118,300
$87,155 - $133,120
2 Bedrooms$3063482 Person
3 Person
4 Person
5 Person
$105,018 - $118,300
$105,018 - $133,120
$105,018 - $147,810
$105,018 - $159,640
3 Bedrooms$353043 Person
4 Person
5 Person
6 Person
7 Person
$121,029 - $133,120
$121,029 - $147,810
$121,029 - $159,640
$121,029 - $171,470
$121,029 - $183,300

1 Rent includes gas for cooking. Tenant is responsible for electric including electric heating.
2 Household size includes everyone who will live with you, including parents and children. Subject to occupancy criteria.
3 Household earnings includes salary, hourly wages, tips, Social Security, child support, and other income. Income guidelines subject to change.
4 Minimum income listed may not apply to applicants with Section 8 or other qualifying rental subsidies. Asset limits also apply.

Studio

64 Units Avail
1 Person
2 Person

$2370 Month Rent
$81-$103K Yearly Income
$81-$118K Yearly Income

1 Bedroom

119 Units Avail
1 Person
2 Person
3 Person

$2542 Month Rent
$87-$103K Yearly Income
$87-$118K Yearly Income
$87-$133K Yearly Income

2 Bedrooms

48 Units Avail
2 Person
3 Person
4 Person
5 Person

$3063 Month Rent
$105-$118K Yearly Income
$105-$133K Yearly Income
$105-$147K Yearly Income
$105-$159K Yearly Income

3 Bedrooms

4 Units Avail
3 Person
4 Person
5 Person
6 Person
7 Person

$3530 Month Rent
$121-$133K Yearly Income
$121-$147K Yearly Income
$121-$159K Yearly Income
$121-$171K Yearly Income
$121-$183K Yearly Income

1 Rent includes gas for cooking. Tenant is responsible for electric including electric heating.
2 Household size includes everyone who will live with you, including parents and children. Subject to occupancy criteria.
3 Household earnings includes salary, hourly wages, tips, Social Security, child support, and other income. Income guidelines subject to change.
4 Minimum income listed may not apply to applicants with Section 8 or other qualifying rental subsidies. Asset limits also apply.

Savings over Time

In addition to units being priced well below market rate, your rent is guaranteed to be stabilized over your entire lease. This means that the longer you stay, the more savings you recognize! Some years, stabilized rents do not increase at all.

Contact

To receive updates, fill out the contact form below. To apply, or for more information on the application process, go here.

FAQ

How do I apply?

You can apply in one of two ways.
1. Apply Online:
Click on the application links above to apply. You will have to create a profile first to apply online. Remember, you can apply to both properties!

2. Request a paper application by mail. Send a self-addressed envelope to:
One Blue Slip/Two Blue Slip, Settlement Housing Fund, Inc
247 West 37th Street 19th Floor
New York, NY 10018
**Important: DO NOT SUBMIT MORE THAN ONE APPLICATION FOR THE SAME PROPERTY. This will disqualify you.

Join us for a live Webinar to learn more on how to apply for new, rent stabilized, luxury apartments, for middle-income households, at One and Two Blue Slip!”

Tell me more about One Blue Slip and Two Blue Slip:

One Blue Slip and Two Blue Slip are sister residential towers located at Greenpoint Landing, a mixed-use development in the Greenpoint neighborhood of Brooklyn bringing new housing, acres of public open space, a new public school, and local shops along a half-mile stretch of New York City’s East River Waterfront.

Thirty percent of the units have been set aside for middle income residents, which means the monthly rent is affordable to qualifying middle income households. To apply for these units, applicants have to enter a housing lottery administered by NYC Department of Housing Preservation and Development.

Who should apply?

Everyone who is within the income brackets! If your household income and size are within the range on the chart above you could qualify. If your income is above the maximum, please click here to take a look at market rate apartments at Blue Slip Rentals. If your income is below the minimum, take a look at NYC Housing Connect to see what housing opportunities you are eligible for.

WHY ARE RENT STABILIZED APARTMENTS SO COVETED?

Rent stabilized tenants are protected from large rent increases and have more housing security including the right to renew their lease. The NYC Rent Guidelines Board sets rent increases for rent stabilized lease renewals each year. The increases are modest and sometimes there is even a rent freeze, which means a 0% increase. For example, for lease renewals that begin between October 1, 2019 and September 30, 2020, the rent increase for rent stabilized apartments is 1.5% for 1-year leases and 2.5% for 2-year leases. (pending RGB vote) For lease renewals that begin between October 1, 2020 and September 30, 2021, the Rent Guidelines Board just voted for a 0% increase for 1-year leases.

My partner and I make six figures. Can we really qualify for one of these apartments?

Yes. This is a new program offered through Mayor Bill de Blasio through NYC Housing Preservation and Development. Middle income families have also been priced out of the market, so this new program was developed to increase housing stability for middle income households. As long as your combined income is within the income range and matching household size stated in the Affordability chart then you have the possibility to qualify. The common rule of thumb is for housing to be affordable, households should spend no more than one-third of their income on rent and utilities. Check out this helpful guide on how to calculate your household income.

How can I increase my odds of winning?

You can increase your odds by applying to both One Blue Slip and Two Blue Slip – you are not restricted in applying to only one property! Please note, you may only submit one application per property. Each property has its own application, so make sure you click on the corresponding application links above to apply.

What is a household?

A household is everyone who will be living with you in the apartment. If you’re not related (immediate or extended family members), to qualify as a household, the applicants have to show that they are financially interdependent, as indicated by current leases or utility records demonstrating a shared address, or documentation, such as bank accounts that show shared assets.

What are the benefits of the Greenpoint Middle Income Housing Program?

Saving on rent! The apartments at One Blue Slip and Two Blue Slip have preset, reduced rents that can save you between $16k-$78k on rent depending on unit size every year. In addition to the savings, your apartment will also be rent stabilized, which means that your rent can only increase by a modest amount each year determined by the Rent Guidelines Board.

Can I see an apartment in person?

Not at this time. Apartment viewings are reserved for market-rate units. However, you can view One Blue Slip’s features here, and Two Blue Slip’s features here.

Will I have access to all building amenities?

Absolutely, for an additional monthly fee. One Blue Slip and Two Blue Slip have excellent amenities including an attended lobby with package storage, parking, fitness center, furnished indoor residents lounge, media room, quiet co-working space, rooftop terrace with grilling areas, storage, Latch keyless entry system, and a children’s playroom. Further, Two Blue Slip features a pool and pool bar.

Are the apartments different from the market rate apartments?

The apartments available through the lottery are exactly the same as the market rate apartments. They come with the same finishes and amenities as the market rate apartments including hardwood floors, energy efficient stainless steel appliances, in-home washer/dryer, individual climate control and more.

Is the apartment worth the application process?

Definitely! If you qualify, you have the chance to save up to $12,000 a year on an apartment in a new, amenity-rich luxury building. There is no guarantee you will be called but there is also no risk in applying. There are no application fees, so there is nothing to lose!

How long does the process take?

Once the deadline date is reached and we begin processing the applications it can take anywhere from 2–10 months. You will find real-time status updates on your Housing Connect dashboard. 2-10 months appears to be a long time, but you have nothing to lose and a great apartment to gain if you’re selected.

How soon can I move in?

Once you have been contacted, provide the requested documents, appear to be eligible and HPD approves your file, you can sign a lease and move in. The apartments are ready!

How do I calculate my income?

Check out this handy guide that breaks down exactly how to calculate your income.

Is there an asset limit?

Yes, there is a limit to the amount of total household assets allowed (excluding specifically designated retirement and college savings accounts). The household asset limit for rental units is equal to the maximum income limit for a four (4)-person household at the area median income (AMI) level for which the unit is designated. The asset limit for this project is $147,810.

What happens if I make more money after I move in? Will my rent go up or will I have to leave my apartment?

You can stay in your apartment as long as you wish, provided you abide by the terms of your lease. There are no annual income recertifications, so you only need to qualify for the apartment once. Also, your rent will not be increased based on your income, only based on what the Rent Guidelines Board determines each year.

What documents will I need if I’m selected?

Click here for a complete list of documents.