1520 Story Avenue

affordable housing, Bronx, New Developments

1520 Story Avenue, 1530 Story Avenue, Bronx, Soundview, Affordable Housing, L+M Development Partners

Photo courtesy of L+M Development Partners

Following a ribbon-cutting ceremony yesterday, L+M Development Partners and Nelson Management Group opened the doors to their new mixed-use affordable housing developments in Soundview, the Bronx. The two buildings at 1520 and 1530 Story Avenue will bring 435 units of affordable housing and a 15,000-square-foot facility for Easterseals New York that will offer early childhood education. Roughly half of the units were up for grabs through a lottery held earlier this year.

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affordable housing, Bronx, housing lotteries

1530 Story Avenue, Soundview, affordable housing

Rendering via L+M Development

A housing lottery has just launched for 223 mixed-income apartments in the new South Bronx building located at 1520 Story Avenue, known as Story Avenue West. The rental building is one of two new structures at the site, part of the Lafayette-Boynton residential complex in the Soundview neighborhood, developed by Nelson Management Group and L+M Development Partners. Qualifying New Yorkers earning 30, 50, 60, 90 and 110 percent of the area median income can apply for the units, which range from $389/month studios to $2,066/month three-bedrooms.

Find out how to apply

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Archtober2020