988 East 180th Street

affordable housing, Bronx, housing lotteries

A rendering of 988 East 180th Street, courtesy of the office of Ritchie Torres

It’s been over two years since work got underway to demolish 14 building at the Bronx’s 1970s-era Lambert Houses and replace them with taller towers that will hold 1,665 affordable apartments. In addition to doubling the site’s number of affordable units, the $600 million project will have a public school and three times the amount of retail space. Though the entire overhaul won’t be complete for another 11-12 years, applications are now being accepted for the first new residential building (h/t Welcome2TheBronx). The 49 below-market-rate residences are reserved for those earning 60 or 100 percent of the area median income and range from $761/month studios to $1,600/month two-bedrooms.

Read more

SIGN UP FOR OUR NEWSLETTERS

Thank you, your sign-up request was successful!
This email address is already subscribed, thank you!
Please provide a valid email address.
Please complete the CAPTCHA.
Oops. Something went wrong. Please try again later.