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affordable housing, Bronx, housing lotteries

South Bronx, the Hub, Bronx development

Photo via Wikipedia

Located in the evolving Melrose neighborhood of the South Bronx, eight newly constructed units are available to rent at 407 East 160th Street. As the Bronx continues to undergo major residential and commercial development, Melrose sits as the epicenter of these changes. It has a bustling district known as the Hub, or the Times Square of the Bronx, which features many retail stores, restaurants and entertainment options. New Yorkers earning 80 percent of the area median income can apply to rent four $1,348/month one-bedrooms and four $1,521/month two-bedrooms.

Find out if you qualify

affordable housing, Bronx, housing lotteries

In the Melrose section of the Bronx, just a few short blocks from Yankee Stadium, 151 newly constructed apartments are up for grabs through the city’s affordable housing lottery. Located at 3160 Park Avenue, the 12-story building from Trinity Park Avenue Development and Newman Design offers both low- and moderate-income units. As Welcome2TheBronx previously reported, 20 percent of the apartments are reserved for those making 40 percent of the area median income, while the remainder are for those earning 60-80 percent of the AMI. This ranges from $532/month one-bedrooms to $1,683/month three-bedrooms.

Find out if you qualify

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