A new building at 59 Frost St. has opened its lottery process for 38 new affordable housing units. View Full Caption Dunn Development Corp.

WILLIAMSBURG — The lottery for nearly 40 affordable housing apartments in Williamsburg is now open for applications — with rents starting at just $640-per-month for a studio.

The new, seven-story building at 59 Frost St. has 38 affordable units in the lottery, ranging from studios to two-bedrooms, according to NYC Housing Connect.

Amenities for the building include a community room, outdoor space with a playground, a laundry room and bicycle parking. Rents for one-bedrooms start at $689 a month, while rent for two-bedrooms start at $835 per month.

People earning 50, 60 and 80 percent of the area median income will qualify for different apartments in the building.

The building will have a total of 47 affordable units, with one reserved for a super, according to the Department of Housing Preservation and Development. Eight are also reserved for the developmentally disabled and are not included in the lottery, an HPD spokesman said.

Competition could be tight for the apartments, which sit just two blocks from McCarren Park.

When 105 units became available at 1133 Manhattan Ave. in Greenpoint earlier this year, nearly 60,000 people applied for the lottery. Recently, hundreds of people attended the latest meeting to discuss how to obtain affordable housing at the former Domino Sugar Factory grounds project, where units will start at $553 a month.

At 59 Frost St., there's only one studio renting at the least expensive price, $640 per month, for people earning between $23,623 and $29,400 a year.

Other rents range from $689-per-month for a one-bedroom to $1,395-per-month for a two-bedroom unit, with three levels of salary requirements.

A full list of available apartments and their salary requirements can be seen on the NYC Connect website. Interested locals can apply online here.

People living within the Community Board 1 boundaries, which includes Williamsburg and Greenpoint, will be given preference for half of the available units.

City employees, people with visual or hearing impairments and people with mobility impairments will also be given preference for several units.

The deadline to be included in the lottery is Dec. 22, 2014.

The $12.9 million project started construction last summer and is expected to be ready for for move-in next March.