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Crotona: HPD Launches Affordable Housing Lottery for Units at 1818 Prospect Avenue

1818 PROSPECT AVENUE IN Crotona Park East, The Bronx
Rendering courtesy of NYC Housing Connect

NYC Department of Housing Preservation & Development (HPD) has launched a housing lottery, described as affordable, for five units at 1818 Prospect Avenue, a 7-story, residential building in the Crotona section of The Bronx, as reported by YIMBY.

 

Developed by Moses Freund of The Vaja Group and designed by BTE Design Services, 1818 Prospect Avenue Apartments is a newly constructed building yielding 46 residential units.

1818 PROSPECT AVENUE IN Crotona Park East, The Bronx
Photo courtesy of NYC Housing Connect

Available on NYC Housing Connect, HPD’s online platform, are five units for residents at 130 percent of the area median income (AMI), ranging in eligible income from $147,292 to $227,630.

 

According to YIMBY, residents will have access to a shared laundry room and garage, and units come with energy-efficient appliances, air conditioning, and high-speed internet. Tenants are responsible for electricity, including stove and heat, according to HPD, and rent includes gas and hot water.

 

Tenants may benefit from a garage but fees apply, according to HPD, and pets are allowed.

1818 PROSPECT AVENUE IN Crotona Park East, The Bronx
Photo courtesy of NYC Housing Connect
At 130 percent of the AMI, there are five 3-bedroom units available with a monthly rent of $4,296 for residents with incomes ranging from $147,292 to $227,630.

 

Prospective renters must meet income and household size requirements to apply for these apartments, according to HPD and applications must be postmarked or submitted online no later than Aug. 1, 2023.

1818 PROSPECT AVENUE IN Crotona Park East, The Bronx
Photo courtesy of NYC Housing Connect

To request an application by mail, applicants should send a self-addressed, stamped envelope to 1818 Prospect Avenue Apartments, C/O iAfford NY LLC, 141 Flushing Avenue Suite #1201A, Brooklyn, NY 11205.

 

1818 PROSPECT AVENUE IN Crotona Park East, The Bronx
Photo courtesy of NYC Housing Connect
The building is anticipated to receive a tax exemption through HPD’s 421a tax incentive program.

No deposits or application fees apply. More information can be found here.

THIS CHART AIMS to help residents understand the AMI income categories used by New York City Department of Housing Preservation & Development to determine eligibility for affordable housing, which vary by household size.
Source: New York City Department of Housing Preservation & Development

Norwood News does not accept, process or refer any applications. For all inquiries, please liaise with NYC Department of Housing Preservation and Development (HPD) (see contacts below) and click here to apply online.

 

Affordable Housing Lottery Helpline: 212-863-7990
Emailnychousingconnect@hpd.nyc.gov

 

For information on applying for affordable housing for people with disabilities, please submit accessibility inquiries to:
Phone: 212-863-6486
Emailaccessibility@hpd.nyc.gov

 

HPD Housing Ambassadors
Email: ambassadors@hpd.nyc.gov

 

 

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.

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