Bedford Park: HPD Launches Housing Lottery Described as Affordable for Units at 114 East 198th Street

By SÍLE MOLONEY

A HOUSING LOTTERY described as affordable has been launched by NYC Department of Housing, Preservation & Development for units at 114 East 198th Street in Bedford Park.
Photo courtesy of NYC Housing Connect

NYC Department of Housing, Preservation & Development (HPD) has launched a lottery described as affordable for units at 114 East 198th Street, a five-story residential building in the Bedford Park section of The Bronx, as reported by YIMBY. Designed by Baobab Architects and developed by Joel Mandel under the 114 East 198 BSD, LLC, the structure yields 20 residential units.

Available on NYC Housing Connect, HPD’s online portal, are 20 units for residents earning 130 percent of the area median income (AMI), ranging in eligible income from $105,223 to $181,740.

Amenities include an elevator and a shared laundry room, according to HPD. Units come equipped with air conditioning, intercoms, and name-brand kitchen appliances, countertops, and finishes. Tenants are responsible for electricity.

At 130 percent of the AMI, there are 17 studios available with a monthly rent of $3,069 for those on incomes ranging from $105,223 to $161,590, and three one-bedroom units with a monthly rent of $3,253 for residents on incomes ranging from $111,532 to $181,740.

According to HPD, the building is anticipated to receive a tax exemption through HPD’s 421a tax incentive program. No deposits/application fees apply and more information can also be found here.

HPD officials say housing is considered affordable if it costs about one-third or less of what the people living in the local area earn. Income eligibility and rent for City-financed affordable housing projects are based on a measure called Area Median Income (AMI).

Meanwhile, according to the latest profile of Bronx Community District 7 compiled by NYC Department of Cty Planning, which incorporates Norwood, Bedford Park, Fordham, Jerome Park, Kingsbridge Heights, and University Heights, based on the 2010 census (no info yet available on income for the 2020 census), close to a third (30.8%) of residents living in Bronx Community District 7 have incomes below the NYC.gov poverty threshold.

Miriam Hoffman of Reside New York, a marketing agent for the project, said rents and income limits are subject to change and asset limits may apply. “In addition, the minimum incomes listed may apply to applicants with Section 8 or other qualifying rental subsidies,” she said.

Hoffman added, “We encourage interested persons to apply online at www.nyc.gov/housingconnect or write to request a paper application and advertisement. Online and paper applications are available in English, Arabic, Chinese, Haitian Creole, Korean, Russian, and Spanish.”

The address to obtain paper applications is 114 East 198 Street C/O Reside New York, 349 Keap Street, Brooklyn, NY 11211. Hoffman said completed paper applications must be sent to the Post Office Box address indicated on the application. She added that applicants may not submit more than one application per household. She added that the development also includes market-rate apartments. More information is available on www.residenewyork.com.

HPD officials stipulate that prospective renters must meet income and household size requirements to apply for these apartments, and applications must be postmarked or submitted online no later than Dec. 10.

Similar housing lotteries, also described as affordable, have recently been launched by HPD, as reported. Click here, here, here and here for details.

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Welcome to the Norwood News, a bi-weekly community newspaper that primarily serves the northwest Bronx communities of Norwood, Bedford Park, Fordham and University Heights. Through our Breaking Bronx blog, we focus on news and information for those neighborhoods, but aim to cover as much Bronx-related news as possible. Founded in 1988 by Mosholu Preservation Corporation, a not-for-profit affiliate of Montefiore Medical Center, the Norwood News began as a monthly and grew to a bi-weekly in 1994. In September 2003 the paper expanded to cover University Heights and now covers all the neighborhoods of Community District 7. The Norwood News exists to foster communication among citizens and organizations and to be a tool for neighborhood development efforts. The Norwood News runs the Bronx Youth Journalism Heard, a journalism training program for Bronx high school students. As you navigate this website, please let us know if you discover any glitches or if you have any suggestions. We’d love to hear from you. You can send e-mails to norwoodnews@norwoodnews.org or call us anytime (718) 324-4998.