What is a Mitchell-Lama Cooperative?
Mitchell-Lama is a program that was developed back in 1955 to create affordable housing for moderate and middle income families. There are 101 Mitchell-Lama developments in New York City with close to 46,000 affordable cooperative and rental apartments.
A Mitchell-Lama development is either sponsored by the City of New York or the State of New York and may be Federally subsidized. Whether a development is Federally funded or not, they all have eligibility requirements based on income, family size and the number of people that can occupy an apartment based on the number of bedrooms.
Mitchell-Lama Cooperatives have a Board of Directors like a typical co-op, however, the New York City Department of Housing Preservation and Development (HPD) has oversight over management issues and waiting lists.
To obtain one of these apartments, you have to put in an application, which then goes on a Waiting List. Depending on the desirability and location of the development, and the size of the apartment you want, the waiting list can be several years long. If you interested in obtaining an apartment in several different developments, you’ll have to fill out an application for each. For more details on applying for a Mitchell-Lama Co-op, go to HPD’s website.
If you’re looking to make your first apartment purchase, but you’re finding most cooperatives to be out of your price range, a Mitchell-Lama Co-op might be a great alternative for you. Here is a list of developments in Brooklyn that have open waiting list at the time of this writing.
BENSONHURST
Contello Towers 2
2740 Cropsey Avenue,
Brooklyn, NY 11214
321 Apartments
1, 2 and 3 Bedrooms Available
CLINTON HILL
Atlantic Terminal 1
161 South Elliot Place
Brooklyn, NY 11217
200 Apartments
Studios, 1, 2 and 3 Bedrooms Available
Atlantic Terminal 2
415 Carlton Avenue,
Brooklyn, NY 11238
304 Apartments
Studios, 1, 2 and 3 Bedrooms Availalbe
Ryerson Towers
309 Lafayette AVenue
Brooklyn, NY 11238
326 Apartments
1, 2 and 3 Bedrooms Available
CONEY ISLAND
Sam Burt Houses
2675 West 36th Street
Brooklyn, NY 11224
146 Apartments
1, 2 and 3 Bedroom Available
CROWN HEIGHTS
1185 Carroll Street,
Brooklyn, NY 11225
238 Apartments
1, 2 and 3 Bedrooms Available
SHEEPSHEAD BAY
Kings Bay 1
2520 Batchelder Street
Brooklyn, NY 11235
538 Apartments
Studios, 1, 2 and 3 Bedrooms
Kings Bay 2
2533 Batchelder Street
Brooklyn, NY 11235
356 Apartments
Studios, 1, 2 and 3 Bedrooms
WILLIAMSBURG
114 North 5th Street,
Brooklyn, NY 11211
41 Apartments
1, 2 and 3 Bedrooms
If you would like to find out more about Mitchell-Lama Cooperatives, please give me a call at 917-544-2662 or 718-338-3380 or click here to email me.
Happy Mitchell-Lama Cooperative hunting,
