NYC Department of Housing, Preservation & Development (HPD) has launched a new affordable housing lottery for units at 740 Brook Avenue, a 9-story, mixed-use building in the Woodstock neighborhood of the South Bronx as reported by YIMBY . Brook Avenue Apartments is offering 42 newly constructed studio, one-bedroom, two-bedroom, and three-bedroom affordable units.
As previously reported, housing is considered “affordable” if it costs about one-third or less of what the people living in that area earn. Both 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 2022 AMI for the New York City region is $120,100 for a three-person family (100 percent AMI) according to HPD.
Designed by Dattner Architects and developed by HPD, the structure yields 55 residential units, according to YIMBY. Available on NYC Housing Connect, HPD’s online portal, are 42 units for residents at 30 to 100 percent of the area median income (AMI), ranging in eligible income from $16,183 to $165,500.
Amenities include pet-friendly policies, a shared laundry room, recreation room, outdoor terrace, and a community center. Residences come with dishwashers, energy-efficient appliances, air conditioning, intercoms, and smart controls for heating and cooling. Tenants are responsible for electricity.
At 30 percent of the AMI, there are six units available with a monthly rent ranging from $397 to $598, for those with incomes between $16,183 and $43,230, and at 40 percent of the AMI, there are seven units available with a monthly rent ranging from $567 to $978, for those with incomes between $22,012 and $66,200.
At 50 percent of the AMI, there are seven units available with a monthly rent ranging from $738 to $1,274, for those with incomes between $27,875 and $82,750, and at 60 percent of the AMI, there are seven units available with a monthly rent ranging from $909 to $1,570, for those with incomes between $33,738 and $99,300.
At 70 percent of the AMI, there are six units with a monthly rent ranging from $1,080 to $1,865, for those with incomes between $39,600 and $115,850, and at 80 percent of the AMI, there are six units available with a monthly rent ranging from $1,250 to $2,161, for those with incomes between $45,429 and $132,400.
Meanwhile, at 100 percent of the AMI, there are three units available with a monthly rent ranging from $1,847 to $2,545, for those with incomes between $66,206 and $165,500.
To request an application, according to NYC Housing Connect, applicants should send a self-addressed envelope to Brook Avenue Apartments, c/o Phipps Houses, P.O. Box 257, 353 Third Avenue, NY NY 10010. HPD officials remind applicants to only send one application per development, and to refrain from applying online and via a paper application.
Applicants who submit more than one application may be disqualified, they said. Tenants are responsible for paying for electricity, including for the air conditioner. The stove is gas and will be paid for by the landlord. Heat will also be paid for by the landlord.
This building is being constructed through HPD’s New Construction Finance Extremely Low & Low-Income Affordability (ELLA) Program, HPD’s Mandatory Inclusionary Housing (MIH) Program, and the Low Income Housing Tax Credit Program of New York State Homes and Community Renewal (HCR). For additional information, visit NYhousingsearch.gov.
No deposits or application fees apply. More information can also be found at http://www.phippsny.org/housing-application.
Prospective renters must meet income and household size requirements to apply for these apartments. Applications must be postmarked or submitted online no later than Dec. 27, 2022.
Editor’s Note: Norwood News does not accept, process or refer any applications. For all inquiries, please liaise with NYC Department of Housing Preservation and Development as follows: NYC Housing Connect.
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