Affordable Housing Lottery Launches in The Bronx's Kingsbridge Neighborhood

The New York City Department of Housing, Preservation & Development (HPD) has recently unveiled a new housing lottery for affordable units at 3633 Kingsbridge Avenue, a mixed-use building boasting modern amenities and design in the heart of The Bronx's Kingsbridge section. This initiative aims to provide affordable living options to qualified residents, enhancing the community's vibrancy and accessibility.

• Key Takeaways:
• HPD introduces a housing lottery for affordable units at 3633 Kingsbridge Avenue in The Bronx.
• Eligible applicants can apply for one of three one-bedroom units at 130 percent of the area median income (AMI).
• Amenities include a garage, energy-efficient appliances, LED lighting, and more.

Designed by Stoa Design Studio and developed by Costa Ioannou, as reported by YIMBY, the building stands three stories tall and offers a total of nine residential units. Among these, three one-bedroom units are now available through the NYC Housing Connect platform for residents earning 130 percent of the AMI, with monthly rents set at $3,200.

A Closer Look at the Amenities and Application Process

Prospective tenants will find themselves enveloped in comfort and convenience, thanks to the building's array of amenities. These include assigned parking spaces in a garage (for an additional fee), dishwashers, intercoms, energy-efficient appliances, LED undermounted lighting, heated bathroom flooring, large windows, and high-quality kitchen appliances, countertops, and finishes.

To qualify for this housing lottery, applicants must meet certain income and household size requirements. Applications are open until May 23 and can be submitted online or via mail by requesting a paper application.

Living in Kingsbridge: A Neighborhood of Convenience and Charm

Located in a bustling neighborhood, residents of 3633 Kingsbridge Avenue will enjoy close proximity to shops, eateries, and public transportation options. The building's "fab key" entry system adds an extra layer of security and convenience, making it an attractive option for those looking to live in a vibrant part of The Bronx.

Understanding Affordable Housing and AMI

Affordable housing is defined by HPD as housing that costs one-third or less of what the people living in the area earn. The Area Median Income (AMI) is a crucial measure in determining eligibility for city-financed affordable housing projects, with the 2023 AMI for the New York City region set at $127,100 for a three-person family.

How to Apply and Learn More

Interested individuals can apply online or request a paper application by mailing a self-addressed stamped envelope to the specified address. It's important to note that tenants will be responsible for electricity costs, including lighting, stove, hot water, heating, and cooling.

For more information on applying for affordable housing, including accommodations for people with disabilities, HPD provides contact details for inquiries. This housing lottery represents an opportunity for eligible New Yorkers to find an affordable home in a desirable location, contributing to the city's ongoing efforts to ensure accessible housing for all residents.