It’s been almost a year since the first lottery launched at Webster Avenue, COOKFOX‘s two-building affordable and supportive housing complex in the Tremont neighborhood of the Bronx. Four months after the lottery went live for the 227 units at Park House, nonprofit developer Breaking Ground reported that they’d received a staggering 55,163 applications. Now, they’ll need to get ready for another influx; as of today, the lottery is live for the second building, Webster Residence. Here, single New Yorkers earning 60 percent of the area median income, or between $25,000 and $40,000 annually, can apply for 80 $675/month energy efficient studios.
Park House
affordable housing, Bronx, housing lotteries
Starting today, 227 brand new affordable apartments are up for grabs at 4275 Park Avenue in the Bronx. The residence, dubbed Park House, is a new construction designed by COOKFOX Architects and developed by Breaking Ground, a non-profit organization that matches low-income New Yorkers with homes. Park House is the first affordable project undertaken by the organization and will offer energy-efficient studio, one-, two-, and three-bedroom apartments priced between $494 and $1181 to qualifying applicants earning between 40 and 60 percent of the area median income.
affordable housing, Bronx, Construction Update, New Developments, Rentals
Last month, 6sqft reported on the COOKFOX-designed development Park House, the first phase of a two-building affordable and supportive housing complex in the Tremont neighborhood of the Bronx. Since then, the 12-story building has topped off and foundation work is quickly moving along for its adjacent fraternal building dubbed the Webster Residence. The development is being pushed forward by Breaking Ground, a non-profit committed to ending homelessness. This development will be the organization’s first venture in the South Bronx.