164 affordable units available at the Peninsula complex in the South Bronx, from $396/month

Posted On Mon, December 27, 2021 By

Posted On Mon, December 27, 2021 By In affordable housing, Bronx, housing lotteries

Rendering courtesy of the NYC Department of Housing Preservation and Development

A housing lottery opened this week for more than 160 affordable apartments at a new development in the South Bronx. Developed by Gilbane Development Company, Hudson Companies, and the Mutual Housing Association of New York, Peninsula 1B is a mixed-use building that is part of a project to replace the notorious former Spofford Juvenile Detention Center in Hunts Point. New Yorkers earning 30, 40, 50, 60, and 80 percent of the area median income can apply for the apartments which range from $396/month studios to $2,131/month three-bedrooms.

Rendering courtesy of the NYC Department of Housing Preservation and Development

Located at 720 Tiffany Street, the building, designed by WXY Architecture, Urban Design and Body Lawson Associates, offers tenants a host of amenities including an indoor community room with a kitchenette, outdoor terrace, bike storage room, children’s playroom, laundry room, and a fitness center.

The complex includes a number of community facilities, including a black-box theater, art studio, green grocer, and spaces for The Point CDC and Urban Health Plan to operate. These residential and community programs are accessible by a 54,000 square foot plaza connecting the complex and are open to the entire Hunts Point community. The property is conveniently located near the 2, 5, 6, and C trains as well as several buses.

Peninsula 1B is part of a five-acre mixed-use campus that will bring more than 700 affordable units and essential community resources to the former location of the Spofford Juvenile Detention Center which closed in 2011. Construction for phase one of the project began in November of 2019 after five years of planning.

The apartments constructed in the first phase are designated for low-income residents, with 10 percent set aside for those formerly homeless. Phase one is expected to be fully completed in 2022.

The opening of Peninsula 1B follows the ribbon-cutting of Peninsula 1A in November, a 56,000 square foot space meant for use by local businesses. This space is projected to provide over 100 jobs in the next five years.

Qualifying New Yorkers can apply for the affordable units until February 21, 2022. Fifty percent of the units are set aside for residents of Bronx Community Board 2. Nine of the units are designated for residents with mobility impairments and four for those with hearing and visual impairments.

Complete details on how to apply are available here. Questions regarding this offer must be referred to NYC’s Housing Connect department by dialing 311.

If you don’t qualify for the housing lotteries mentioned, visit CityRealty.com’s no-fee rentals page for other apartment deals in the city.

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All renderings courtesy of the NYC Department of Housing Preservation and Development

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Neighborhoods : Hunts Point

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