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West Farms: Affordable Housing Lottery Launches for Units at 2015 Vyse Avenue

2015 Vyse Avenue in West Farms, The Bronx 
Photo courtesy of NYC Housing Connect

An affordable housing lottery has launched for units at 2015 Vyse Avenue, a seven-story, residential building in the West Farms neighborhood, as reported by YIMBY.

 

Designed by Gino Longo, the structure yields 26 residential units located near Vidalia Park. Available on NYC Housing Connect are nine units for residents at 130 percent of the area median income (AMI), ranging in eligible income from $46,286 to $167,570.

 

According to YIMBY and NYC Housing Connect, residents will have access to a shared laundry room and parking for an additional cost. Units come equipped with energy-efficient appliances and hardwood floors. Tenants are responsible for electricity.

 

At 130 percent of the AMI, there are four one-bedroom units with a monthly rent of $1,350 for incomes ranging from $46,286 to $139,620 and five two-bedrooms with a monthly rent of $1,550 for incomes ranging from $53,143 to $167,570.

The building is anticipated to receive a tax exemption through the 421a Tax Incentive Program of the New York City Department of Housing Preservation and Development (HPD), and is classified as affordable housing.

 

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

Prospective renters must meet income and household size requirements to apply for these apartments.

 

To request an application by mail, send a self-addressed envelope to: 2015 Vyse Avenue Apartments, c/o Your Neighborhood Funding LLC, 2565 Bronxwood Avenue, Bronx, New York 10469.

No deposits/application fees. More information: https://housingconnect.nyc.gov/publicweb/

 

Applications must be postmarked or submitted online no later than Nov. 28, 2021.

 

Editor’s Note: Norwood News does not coordinate, refer or process any applications. Please refer to NYC Housing Connect for further information, at: https://housingconnect.nyc.gov/publicweb/. 

 

 

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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