720 Tiffany Street

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.

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