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Spuyten Duyvil: Affordable Housing Lottery Launches for The Henry at 2395 Palisade Avenue

Timber Equities Shot 100 2395 Palisades Ave Facade

An affordable housing lottery has launched for units at The Henry, a six-story, residential building located at 2395 Palisade Avenue in the Spuyten Duyvil section of The Bronx, as reported by YIMBY.

 

Timber Equities 2395 Palisades Ave. Edsall Facade

Designed by Kutnicki Bernstein Architects and developed by Timber Equities, the structure yields 55 residential units.

 

Available on NYC Housing Connect, New York City’s Department of Housing, Preservation & Development (HPD)’s online portal, are 17 units for residents at 130 percent of the area median income (AMI), ranging in eligible income from $65,520 to $167,570.

The Henry at 2395 Palisade Avenue in Spuyten Duyvil, The Bronx
Image courtesy of NYC Housing Connect

At 130 percent of the AMI, there are three studios with a monthly rental payment of $1,825, for those with incomes ranging from $65,520 to $124,150; eight one-bedroom units with a monthly rental payment of $2,190, for those with incomes ranging from $78,446 to $139,620; and six two-bedroom units with a monthly rental payment of $2,675, for those with incomes ranging from $96,172 to $167,570.

 

The Henry at 2395 Palisade Avenue in Spuyten Duyvil, The Bronx
Image courtesy of NYC Housing Connect

Prospective renters must meet income and household size requirements to apply, and applications must be postmarked or submitted online no later than April 19, 2022.

 

According to HPD, tenants can now avail of an offer of two months free on all new leases. To request an application by mail, applicants should send a self-addressed envelop to The Henry, C/O Reside New York, 349 Keap Street, Brooklyn, NY 11211. To apply online, visit NYC Housing Connect.

The Henry at 2395 Palisade Avenue in Spuyten Duyvil, The Bronx
Image courtesy of NYC Housing Connect

Applicants should only send one application per development, and are advised that tenants are responsible for electricity, including electric stove and heat.

HPD officials say the building is anticipated to receive a tax exemption through HPD’s 421a tax incentive program. No deposits or application fees apply.

 

This chart helps 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

 

Editor’s Note: Norwood News does not coordinate, refer, or process any applications. Please refer to NYC Housing Connect for further information. 

 

Nota del editor: Para leer este artículo en español, o en algunas otras lenguas, vaya, por favor, a la esquina superior derecha de nuestro sitio web, www.norwoodnews.org, y seleccione “Spanish” en el menú desplegable. Notar que la traducción la hace Google Translate. Por lo tanto, en caso de duda, la version en inglés tiene prioridad. Norwood News no coordina, remite ni procesa ninguna solicitud para esta lotería. Por favor, consulte NYC Housing Connect para obtener más información.

 

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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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