950 East 176th Street

affordable housing, Bronx, housing lotteries

An early rendering of the project, via CityLand

A couple weeks ago, 6sqft got word of an affordable housing lottery at 1702 Bryant Avenue in the Bronx‘s Crotona Park East, “one of a few areas that seemed slow to catch up with the rest of the borough.” Five years ago, the city rezoned this small neighborhood from light industrial use to residential, which created a rise in affordable housing opportunities.

The latest offering is at 950 East 176th Street. It’s Building A of the Crotona Terrace development and will have 79 affordable units. Though the address is just a few short blocks from the park, it’s also directly adjacent to the Cross Bronx Expressway and elevated tracks of the 2/5 trains, a fact that might seem like less of a nuisance considering the apartments range from $975/month studios to $1,486/month two-bedrooms.

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