The lottery for the first batch of affordable apartments at the newly constructed development in the South Bronx’s Crotona Park East closed this summer, but now a second batch of units is hitting the housing lottery—and it’s even larger than the first.
There are 107 affordable apartments now up for grabs off in Crotona Terrace’s Building B, which is being constructed through HDC’s Extremely Low & Low-Income Affordability Program, and will be open to people making between 30 and 100 percent of the area median income (AMI). A handful of units are earmarked for New Yorkers with disabilities—7 percent in total—while preference for a percentage of the apartments goes to folks who are already residents of Bronx Community Board 3 (50 percent) and municipal employees (5 percent).
The cheapest studios in the building start at $368/month, and are designated for single occupants making between $14,503 and $19,050 per year, while one-bedrooms start at $395, for one- or two-person households bringing in between $15,498 and $21,750 (the exact cap depends on the number of people). On the opposite end, the priciest three-bedrooms will go for $1,740, with income requirements between $62,229 and $105,100 (again, it depends on the size of the household.) Applications for the digs are due March 15, 2017.
One potential downside: The building is at the intersection of the Cross-Bronx Expressway and the elevated 2/5 subway track, leading YIMBY to call the plot “one of the least desirable pieces of land in the city.” In brighter news, the development is just a few blocks from Crotona Park, home, among other things, of the Bronx’s largest swimming pools.
Crotona Terrace Building B [NYC Housing Connect]