Woodstock: Housing Lottery Launches for Units at 740 Brook Avenue in The Bronx
NYC Department of Housing, Preservation & Development (HPD) has launched a new affordable housing lottery for units at 740 Brook Avenue, a 9-story, mixed-use building in the Woodstock neighborhood of the South Bronx as reported by YIMBY . Brook Avenue Apartments is offering 42 newly constructed studio, one-bedroom, two-bedroom, and three-bedroom affordable units. As previously reported, housing is considered “affordable” if it costs about one-third or less of what the people living in that area earn. Both income eligibility and rent for City-financed affordable housing projects are based on a measure called Area Median Income (AMI). The AMI