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Designed by Badaly Architects and developed by Eric Delafraz under the Webb Avenue 1 LLC, the structures yield 16 residential units. Available on NYC Housing Connect<\/a>, the online platform for NYC Department of Housing, Preservation & Development (HPD), are 11 units for residents earning 130 percent of the area median income (AMI), ranging in eligible income from $106,903 to $238,160.<\/p>\n \u00a0<\/p>\n Amenities include gated access, virtual doorman, and doorstep recycling collection. Residential units are equipped with air conditioning, hardwood floors, energy-efficient appliances, intercoms, smart controls for heating and cooling, and name-brand kitchen appliances, countertops, and finishes, according to HPD. Tenants are responsible for electricity including stove and heat.<\/p>\n \u00a0<\/p>\n At 130 percent of the AMI, there are seven one-bedroom units with a monthly rent of $2,954 for those on incomes ranging from $106,903 to $198,510, and four two-bedroom units with a monthly rent of $3,187 for residents with incomes ranging from $116,812 to $238,160.<\/p>\n \u00a0<\/p>\n Prospective renters must meet income and household size requirements to apply for these apartments, according to HPD and applications must be postmarked or submitted online no later than Aug. 17.<\/p>\n \u00a0<\/p>\n The buildings are located within the boundaries of Bronx Community District 7 (Bronx CD7), which covers some or all of the Bronx neighborhoods of Norwood, Bedford Park, Kingsbridge Heights, Fordham, and University Heights.<\/p>\n \u00a0<\/p>\n According to Data USA, the average individual income in Bronx CD7 is $53,785. Specifically, male residents average $53,785<\/a>, while female residents earn about $55,599<\/a> on average.<\/p>\n \u00a0<\/p>\n For comparison, the broader Bronx County has a median household income of roughly $48,700 and a per capita income of $27,421 according to Census.gov. HPD officials say affordable housing is based on a household\u2019s percentage of\u00a0Area Median Income (AMI)<\/a>, which is set by the federal government on a yearly basis.<\/p>\n They said 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 \u00a0<\/p>\n HPD officials 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 asset 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).<\/p>\n \u00a0<\/p>\n Norwood News previously asked HUD to provide the AMI for the New York City region for a single person and has 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 here<\/a>.<\/p>\n \u00a0<\/p>\n Various graphs which show\u00a0Bronx demographics in terms of income and more<\/a>\u00a0are attached, courtesy of New York City University (NYU)\u2019s\u00a0Furman Center.<\/a><\/p>\n \u00a0<\/p>\n According to the Furman Center, between 2019-2023, the largest share of studios in The Bronx 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%), and the largest share of three-bedroom units had rents between $1,500 and $2,000 (21%).<\/p>\n In Bronx CD7, 53.8% of households spend 35% or more of their income on rent, according to the latest available data<\/a> by NYC Department of City Planning (DCP), and it has a density of 72,836 people per square mile. Forty-four per cent of residents are foreign-born, 52.4% are female, 70% are Hispanic, 17% of residents of 25 years or older have a bachelor\u2019s degree or higher, 7.2% of the estimated 169,400 residents are unemployed, and 30.8% (almost a third) of residents have incomes below the New York City poverty threshold.\u00a0<\/p>\n \u00a0<\/p>\n Norwood News had asked different elected representatives and congressional candidates running for office in the past if they would be willing to look into amending the AMI, as defined by HUD, given the cost of living in New York City is higher than in other parts of the country. Most said they would be open to it.<\/p>\n \u00a0<\/p>\n Described by HPD as a \u201cbeautiful building,\u201d the complex consists of \u201cspacious, modern, and simply beautiful apartments and was built with meticulous attention to detail and quality,\u201d officials said.<\/p>\n \u00a0<\/p>\n No pets are allowed but service animals are. There are also security cameras, a \u201cpedestrian-friendly-walk score,\u201d nearby schools, and doorstep recycling collection. Tenants are responsible for electricity including electric stove, and heat.<\/p>\n The building is anticipated to receive a tax exemption through HPD\u2019s 421-a tax incentive program. No deposits or application fees apply according to HPD. For more information, click here<\/a>.\u00a0<\/p>\n As reported<\/a>, a new building offering 166 new homes at East 198th Street in Bedford Park, 34 of which are described as affordable, recently -opened.<\/p>\n \u00a0<\/p>\n Separately, another housing lottery<\/a> described as affordable was recently launched for units at 3547 Webster Avenue in Norwood, along with one other at 3312-3314 Decatur Avenue<\/a>, also in Norwood.<\/p>\n \u00a0<\/p>\n To contact HPD\u2019s Affordable Housing Lottery Helpline, call (212) 863-7990 or email nychousingconnect@hpd.nyc.gov<\/a>.<\/p>\n \u00a0<\/p>\n For information on applying for affordable housing for people with disabilities, please submit accessibility inquiries to: \u00a0<\/p>\n![\"\"](\"https:\/\/www.newsbeep.com\/us-ny\/wp-content\/uploads\/2026\/07\/racial-breakdown-bronx-.png\")
<\/a>RACIAL AND ETHNIC composition of The Bronx 2000 versus 2019-2023
Source: NYU Furman Center<\/p>\n![\"\"](\"https:\/\/www.newsbeep.com\/us-ny\/wp-content\/uploads\/2026\/07\/Poverty-rate-Bronx-.png\")
<\/a>POVERTY RATE IN The Bronx, 2023
Source: NYU Furman Center<\/p>\n![\"\"](\"https:\/\/www.newsbeep.com\/us-ny\/wp-content\/uploads\/2026\/07\/Household-income-Bronx-.png\")
<\/a>HOUSEHOLD INCOME DISTRIBUTION in The Bronx (2024 $)
Source: NYU Furman Center<\/p>\n
Phone: (212) 863-6486
Email:\u00a0accessibility@hpd.nyc.gov<\/a><\/p>\n