NYC Department of Housing, Preservation & Development (HPD) recently launched a housing lottery described as affordable for units at 773 Grote Street, an 8-story, residential building in the Belmont section of The Bronx, as reported by YIMBY.

 

Designed by Node Architecture Engineering Consulting and developed by Luce Popaj under the 773 Grote LLC, the structure yields 34 residential units. Available on NYC Housing Connect are 11 units for residents at 130 percent of the area median income (AMI), ranging in eligible income from $84,755 to $250,380.

 

Amenities include a garage, a shared laundry room, and elevator. Units come equipped with air conditioning, intercoms, energy-efficient appliances, and name-brand kitchen countertops and finishes.

 

At 130 percent of the AMI, there are two studios with a monthly rent of $2,472 for those with incomes ranging from $84,755 to $161,590; three one-bedroom units with a monthly rent of $2,520 for those with incomes ranging from $86,400 $250,380; and six two-bedroom units with a monthly rent of $2,795 for residents on incomes ranging from $95,829 to $218,010.

 

Meanwhile according to the 2018 health profile of Bronx Community District 6 compiled by NYC Department of Health & Mental Hygiene, which incorporates the neighborhoods of Bathgate, Belmont, East Tremont, and West Farms, 31% of residents live in poverty, compared with 20% of NYC residents.

 

Health officials say Belmont and East Tremont’s unemployment rate is also higher than the citywide average of 9%. Rent burdened households pay more than 30% of their income for housing and may have difficulty affording food, clothing, transportation and health care. They say 60% of Belmont and East Tremont residents are rent burdened, a higher rate than residents citywide.

 

Meanwhile, HPD officials say 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 Oct. 15.