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.
Rendering via L+M Development
A housing lottery launched on Monday for 211 mixed-income apartments in a new South Bronx building. Located at 1530 Story Avenue, the rental is part of the Lafayette-Boynton residential complex in the neighborhood of Soundview and is one of two new structures at the site developed by Nelson Management Group and L+M Development Partners. Qualifying New Yorkers earning 60, 90, 95, and 125 percent of the area median income can apply for the batch of units, which range from $865/month studios to $2,184/month three-bedrooms.
Find out if you qualify