Affordable Housing Lottery Launched for 1769 Jerome Avenue in The Bronx

The affordable housing lottery has launched for 1769 Jerome Avenue, a 16-story mixed-use building in Morris Heights, The Bronx. Designed by Marvel Architects and developed through the Jerome Housing Development Fund, the structure yields 175 residences. Available on NYC Housing Connect are 60 units for residents at 60 to 80 percent of the area median income (AMI), ranging in eligible income from $34,972 to $118,400.

Amenities include a superintendent, elevators, front desk security, a community room, residential terrace, gym, bicycle storage room, and a shared laundry room. Residences will have energy-efficient appliances, air conditioning, and hardwood floors.

At 60 percent of the AMI, there are 16 studios with a monthly rent of $947 for incomes ranging from $34,972 to $57,300; three one-bedrooms with a monthly rent of $1,192 for incomes ranging from $43,715 to $64,440; 15 two-bedrooms with a monthly rent of $1,420 for incomes ranging from $52,423 to $77,340; and one three-bedroom with a monthly rent of $1,631 for incomes ranging from $60,583 to $88,800.

At 80 percent of the AMI, there are six studios with a monthly rent of $1,163 for incomes ranging from $42,378 to $76,400; two one-bedrooms with a monthly rent of $1,465 for incomes ranging from $53,075 to $85,920; 14 two-bedrooms with a monthly rent of $1,770 for incomes ranging from $64,423 to $103,120; and three three-bedrooms with a monthly rent of $2,037 for incomes ranging from $74,503 to $118,400.

Prospective renters must meet income and household size requirements to apply for these apartments. Applications must be postmarked or submitted online no later than January 18, 2021.

Click on this link to apply https://housingconnect.nyc.gov/PublicWeb/details/2450

By: Vanessa Londono 7:00 am on November 26, 2021, New York Yimby

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