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<\/a>Grant TPT Apartments in Morrisania, The BronxPhoto courtesy of NYC Housing Connect\u00a0<\/p>\n
NYC Department of Housing, Preservation & Development (HPD) has launched a housing lottery described as affordable for various units at Grant TPT Apartments, three residential buildings located at 1113 Grant Avenue, 1211 Washington Avenue, and 1033 Cauldwell Avenue in the Morrisania section of The Bronx as\u00a0reported<\/a> by YIMBY.<\/p>\n \u00a0<\/p>\n Built between 1910 and 1931, the structures yield a total of 100 residential units and available on NYC Housing Connect<\/a>, HPD\u2019s online portal, are 19 units for residents earning 60 percent of the area median income (AMI), ranging in eligible income from $51,669 to $105,000.<\/p>\n \u00a0<\/p>\n According to YIMBY, all units are newly renovated with spacious layouts, new appliances, and hardwood floors and some buildings have a shared laundry room. Tenants are responsible for electricity.<\/p>\n \u00a0<\/p>\n At 130 percent of the AMI, there are three one-bedroom units available, with a monthly rent of $1,477 for those on incomes ranging from $54,892 to $87,480; five one-bedroom units with a monthly rent of $1,504 for residents with incomes ranging from $54,618 to $87,480; one two-bedroom unit with a monthly rent of $1,391 for those on incomes ranging from $51,669 to $105,000; three two-bedroom units with a monthly rent of $1,765 for residents with incomes ranging from $65,829 to $105,000; and seven two-bedroom units with a monthly rent of $1,777 for those on incomes ranging from $65,760 to $105,000.<\/p>\n \u00a0<\/p>\n Prospective renters must meet income and household size requirements to apply for these apartments and applications must be postmarked or submitted online no later than March 6.<\/p>\n \u00a0<\/p>\n HPD officials say affordable housing is based on a household\u2019s percentage of Area Median Income (AMI)<\/a>, which is set by the federal government on a yearly basis. Housing is considered affordable if it costs about one-third or less of household income, and is regulated so the rent can\u2019t go up dramatically over time.<\/p>\n They said in order to be eligible for affordable housing, residents must be 18 years old, and their household income needs to be in a specific range for each affordable housing opportunity. Applicants are required to meet additional guidelines, including\u00a0asset limits<\/a>, and\u00a0tenant selection criteria<\/a>\u00a0to qualify.<\/p>\n \u00a0<\/p>\n The AMI for all cities across the country is defined each year by the U.S. Department of Housing and Urban Development (HUD). The 2025 AMI for the New York City region is $145,800 for a three-person family (100% AMI). We have previously asked HUD to provide the AMI for the New York City region for a single person and have not received a clear response. We\u2019re following up with HUD and will share any further feedback we receive. For more background on this, click\u00a0here<\/a>.<\/p>\n Various graphs which show\u00a0Bronx demographics<\/a>\u00a0are attached, courtesy of New York City University (NYU)\u2019s\u00a0Furman Center.<\/a><\/p>\n \u00a0<\/p>\n According to the center, between 2019-2023, the largest share of studios had gross rents of between $1,000 and $1,500 (32%), the largest share of one-bedroom units had rents between $1,000 and $1,500 (33%), the largest share of two-bedroom units had rents between $1,500 and $2,000 (29%), the largest share of three bedroom units had rents between $1,500 and $2,000 (21%).<\/p>\n Affordable Housing Lottery Helpline: 212-863-7990 \u00a0<\/p>\n<\/a>HOUSEHOLD INCOME DISTRIBUTION in The Bronx (2024 $)
Source: NYU Furman Center<\/p>\n<\/a>POVERTY RATE IN The Bronx, 2023
Source: NYU Furman Center<\/p>\n
Email:\u00a0nychousingconnect@hpd.nyc.gov<\/a><\/p>\n