NYC Department of Housing, Preservation & Development (HPD) has launched a housing lottery, described as affordable, for units at 2621 Grand Avenue, a 4-story, residential building in the University Heights section of The Bronx, as reported by YIMBY.

 

Designed by Node Architecture Engineering Consulting and developed by Franc Gjini, the structure yields 34 residential units. Available on NYC Housing Connect , HPD’s online portal, are 11 units for residents earning incomes at 130 percent of the area median income (AMI), ranging in eligible income from $84,755 to $181,740.

Amenities include a garage with assigned parking spaces, a recycling center, package lockers, storage, and an on-site resident manager. Residential units come equipped with air conditioning, charging outlets with USB ports, an intercom system, and name-brand, kitchen appliances, countertops, and finishes. Tenants are responsible for electricity.

 

At 130 percent of the AMI, there are two studios with a monthly rent of $2,472 for residents on incomes ranging from $84,755 to $161,590; and nine one-bedroom units with a monthly rent of $2,520 for those with incomes ranging from $86,400 to $181,740.

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 June 25. Note HPD sometimes extends the deadline for receipt of applications.

 

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).

 

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

 

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

 

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