Photo courtesy of NYC Housing Connect
NYC Department of Housing, Preservation & Development (HPD) has launched an affordable housing lottery for housing units at 1182 Woodycrest Avenue, a 9-story, mixed-use building in the Highbridge section of The Bronx, as reported by YIMBY.
Designed by Crown Architecture & Consulting and developed by Bluestone Organization, the structure yields 45 residential units. Available on NYC Housing Connect, HPD’s online platform, are 36 units for residents earning 50 to 90 percent of the area median income (AMI), ranging in eligible income from $42,172 to $173,340.
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).
The AMI for all cities across the country is defined each year by the U.S. Department of Housing and Urban Development (HUD). The 2023 AMI for the New York City region is $127,100 for a three-person family (100% AMI). We’ve asked HUD if it could provide the AMI for a single person. We did not receive an immediate response.
According to HPD, residents will have access to a shared laundry room, bike storage lockers, electric vehicle charging stations, community center, senior center, and an outdoor terrace. Tenants are responsible for electricity.
At 50 percent of the AMI, there is one 1-bedroom unit available with a monthly rent of $1,133 for those on incomes ranging from $42,172 to $69,900. For the one-bedroom unit with the income limit of 50 percent AMI, eligible households must have at least one household member who is 62 years of age or older at the time of the application, and must meet the income and household size requirements.
At 60 percent of the AMI, there are seven 1-bedroom units with a monthly rent of $1,383 for residents on incomes ranging from $50,743 to $83,880; six 2-bedroom units with a monthly rent of $1,660 for residents with incomes ranging from $61,303 to $100,620; and five 3-bedroom units with a monthly rent of $1,916 for those with incomes ranging from $71,143 to $115,560.
Source: NYC Department of Housing, Preservation & Development
At 80 percent of the AMI, there are six 1-bedroom units with a monthly rent of $1,708 for those with incomes ranging from $61,886 to $111,840; one 2-bedroom unit with a monthly rent of $2,051 for residents on incomes ranging from $74,709 to $134,160; and two 3-bedroom units with a monthly rent of $2,367 for those with incomes ranging from $86,606 to $154,080.
At 90 percent of the AMI, there are five 1-bedroom units with a monthly rent of $1,883 for residents with incomes ranging from $67,886 to $125,820; two 2-bedroom units with a monthly rent of $2,261 for those on incomes ranging from $81,909 to $150,930; and one 3-bedroom unit with a monthly rent of $2,610 for residents on incomes ranging from $94,938 to $173,340.
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 Jan. 7, 2025. For more information, click here.
Similar housing lotteries, also described as affordable, have recently been launched by HPD, as reported. Click here, here, here, here and here for details.
Read some of our recent stories on housing affordability and availability in The Bronx here and here.
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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.
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