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February 14, 2024

Affordable Rent-Stabilized Apartments in the Bronx: Apply Now!

Clara Williams
Written byClara WilliamsWriter
Researched byAishwarya NairResearcher

Introduction

The housing lottery applications are now open for 15 rent-stabilized apartments at a new development in the Concourse Village section of the Bronx. This opportunity is available to New Yorkers who earn between $113,726 and $227,630, depending on the size of their household. The rents for these apartments start at $3,317 for a one-bedroom unit.

Affordable Rent-Stabilized Apartments in the Bronx: Apply Now!

Features and Location

The smoke-free building, located at 1140 Grant Ave., offers various amenities to its residents. These include security cameras, intercom devices, and an online platform for leasing, rent payment, and maintenance requests. The building is conveniently situated near the 167th Street subway station, providing easy access to the B and D lines. Additionally, it is just a few blocks away from the Bronx Museum of the Arts.

Design and Construction

The five-story building, designed by Rise Architecture, replaced a brick multifamily building. The exterior construction of the new development was completed last year, according to city records.

Eligibility and Apartment Types

The apartments are specifically designated for New Yorkers who earn 130 percent of the area median income (AMI). The AMI varies based on the number of people in the household. Currently, the AMI for a two-person household in New York City is $113,000. The available apartments include one-, two-, and three-bedroom units.

Application Process

Interested individuals who believe they meet the eligibility criteria can apply for these apartments by creating a profile and submitting an application online via NYC Housing Connect. The deadline for applications is April 1st. It is important to note that multiple applications will result in disqualification.

Benefits of Rent-Stabilized Apartments

Winning a rent-stabilized apartment through the housing lottery can have a life-changing impact. These apartments offer capped rent increases and automatic lease renewals, providing long-term stability for renters in New York City.

Additional Resources

For more information on how the housing lottery works, you can refer to the article titled '6 Steps for Applying to NYC's Affordable Housing Lottery.' Successful applicants also share their advice in the article 'How to Land a Rental Apartment through NYC's Affordable Housing Lottery.' If you or someone you know is facing difficulties with the application process, consider reaching out to a housing ambassador in your community.

Please note that Brick Underground is not affiliated with New York City's Department of Housing Preservation and Development or the Housing Development Corporation. To apply for these or other affordable housing developments, please visit NYC Housing Connect for official information and instructions.

If you have personally won an apartment through the affordable housing lottery and would like to share your experience, please feel free to send us an email. We respect all requests for anonymity.

About the author
Clara Williams
Clara Williams
About

Clara "LottoLore" Williams, a Kiwi with a zest for numbers and narratives, dives deep into the thrilling world of lotteries. As a leading writer for LottoRank, her pieces resonate with enthusiasts, offering a harmonious blend of data, history, and human interest.

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