The Peninsula aerial view, design by WXY Architecture + Urban Design
The affordable housing lottery has launched for Peninsula Building 1B, a 14-story mixed-use building at 720 Tiffany Street in Hunts Point, The Bronx. Designed by WXY Architecture + Urban Design and developed by the New York City Economic Development Corporation, the structure is the first of four new developments bringing 740 affordable units to the area. Available on NYC Housing Connect are 164 units for residents at 30 to 80 percent of the area median income (AMI), ranging in eligible income from $15,772 to $118,400.
Residents will have access to a wide range of amenities including an indoor community room with kitchenette, bike storage room, children’s playroom, shared laundry room, gym, and outdoor terrace. Rent includes heat and hot water, with tenants responsible for electricity.