Cook Street Housing, LLC is now accepting applications for affordable housing units in this new development on Cook and Varet Streets, between Broadway and Graham Avenue. If this is like other affordable lotteries in the neighborhood, expect there to be pretty long odds to get an apartment – but you gotta be in it to win it.
The project is in part one of the benefits to emerge (slowly) from the 2005 Greenpoint-Williamsburg Rezoning. Some of the units in the projects represent the offsite component of the 20% affordable requirement at Northside Piers (which also has onsite units). The Cook Street developer has also been marketing their units as the offsite affordable units for upland projects receiving inclusionary housing bonuses. Its unclear whether or not any upland developers have taken advantage of this bonus.
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