Affordable Housing Hub
Low Income (LIHTC)

Putnam Court

40 Putnam Ave, Brooklyn, NY, 11238

Information verified April 18, 2026ยทWe re-check waiting list status daily

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About This Property

Putnam Court is a 59-unit affordable housing development in Brooklyn that opened in 2013 and serves homeless residents through a low-income housing tax credit program. The property contains 58 studio apartments and one 2-bedroom unit, all designated as affordable. A non-profit organization owns and operates the building.

Property Details

Total Units
59
Studio
58
2 Bedroom
1

Fair Market Rent - Kings County, NY

FMR represents the estimated amount needed to cover rent and utilities for a moderately-priced unit in this area.

BedroomsFMR
Studio/Efficiency$2,386
1 Bedroom$2,451
2 Bedroom$2,752
3 Bedroom$3,434
4 Bedroom$3,700

Income Limits - Kings County, NY

Annual income limits by household size used to determine eligibility for affordable housing programs.

1 Person
Extremely Low (30%)
$25,100
Very Low (50%)
$41,800
Low (80%)
$66,850
2 Persons
Extremely Low (30%)
$28,650
Very Low (50%)
$47,750
Low (80%)
$76,400
3 Persons
Extremely Low (30%)
$32,250
Very Low (50%)
$53,700
Low (80%)
$85,950
4 Persons
Extremely Low (30%)
$35,800
Very Low (50%)
$59,650
Low (80%)
$95,450
5 Persons
Extremely Low (30%)
$38,700
Very Low (50%)
$64,450
Low (80%)
$103,100
6 Persons
Extremely Low (30%)
$41,550
Very Low (50%)
$69,200
Low (80%)
$110,750
7 Persons
Extremely Low (30%)
$44,400
Very Low (50%)
$74,000
Low (80%)
$118,400
8 Persons
Extremely Low (30%)
$47,300
Very Low (50%)
$78,750
Low (80%)
$126,000

Tax Credit Program Details

Year Placed in Service
2013
LIHTC Credit Type
9%
Low-Income Units
59 / 59
Target Population
Homeless
Designations
Non-ProfitDifficult Development Area

Frequently Asked Questions

What is the average rent for affordable housing in Brooklyn, NY?+

The Fair Market Rent (FMR) for Kings County, NY is: $2386 (Studio), $2451 (1BR), $2752 (2BR), $3434 (3BR), $3700 (4BR). Actual rent at subsidized properties like Putnam Court is typically 30% of household income or less.

What size apartments are available at Putnam Court?+

Putnam Court offers the following unit types: 58 Studio, 1 Two-Bedroom units, for a total of 59 units.

What are the income limits for affordable housing in Kings County, NY?+

For a 4-person household in Kings County, NY, the income limits are: Extremely Low Income (30% AMI): $35,800, Very Low Income (50% AMI): $59,650, Low Income (80% AMI): $95,450. These limits are set by HUD and updated annually.

Who is eligible to live at Putnam Court?+

Putnam Court primarily serves formerly homeless individuals. All applicants must also meet income eligibility requirements for the area. Contact the property for specific eligibility criteria.

Who manages Putnam Court?+

Putnam Court is managed by . You can reach them at . Visit their website for more information.

How do I apply for housing at Putnam Court?+

Putnam Court is a Low-Income Housing Tax Credit (LIHTC) property. To apply, you can start by calling , or visiting their website, or contacting the property management office. Contact the property to learn about availability and application requirements. Eligibility is based on income limits set for the area.

What is the price range for apartments in Brooklyn, NY?+

Based on Fair Market Rent for Kings County, the estimated price range is: 2-bedroom: $2752. Actual rent at Putnam Court may be lower for income-eligible households.

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Contact Information

Walk Score

Walker's Paradise

96
Walk
100
Transit
87
Bike

Nearby Schools

Ratings provided by GreatSchools.org. Ratings are on a 1-10 scale.

Location

Kings County, NY

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Housing Resources in Brooklyn, NY

HUD-Approved Counseling Agencies

BROOKLYN NEIGHBORHOOD IMPROVEMENT ASSOCIATION

Mortgage Delinquency and Default Resolution CounselingRental Housing CounselingRental Housing Workshops

BEDFORD STUYVESANT RESTORATION CORPORATION

Pre-Purchase CounselingPre-Purchase Homebuyer Education WorkshopsFinancial

COMMUNITY ORGANIZATION OF SOUTHERN BROOKLYN

Mortgage Delinquency and Default Resolution CounselingPre-Purchase Counseling