Housing Lottery Launches For 225 Units At River Crest In South Bronx

 

River Crest at 1164 River Avenue in South Bronx via NYC Housing Connect

The affordable housing lottery has launched for River Crest, a 17-story mixed-use building at 1164 River Avenue in Cromwell-Jerome, The Bronx. Designed by Aufgang Architects and developed by Maddd Equities, the structure yields 500 residences, 83,650 square feet of commercial space, and 84 parking spaces. Available on NYC Housing Connect are 225 units for residents at 30 to 80 percent of the area median income (AMI), ranging in eligible income from $15,429 to $132,400.

River Crest at 1164 River Avenue in South Bronx via NYC Housing Connect

Apartments come with vinyl tile, Caesarstone countertops, white appliances, and free broadband internet. Tenants are responsible for electricity. Amenities include assigned parking spaces, a shared laundry room, outdoor areas, and a recreation room.

At 30 percent of the AMI, there are 38 units for incomes ranging from $15,429 to $49,650. At 40 percent of the AMI, there are 26 units for incomes ranging from $20,915 to $66,200. At 50 percent of the AMI, there are 25 units for incomes ranging from $26,435 to $82,750. At 60 percent of the AMI, there are 26 units for incomes ranging from $33,738 to $99,300. At 70 percent of the AMI, there are 48 units for incomes ranging from $39,600 to $115,850. At 80 percent of the AMI, there are 62 units for incomes ranging from $42,892 to $132,400.

Prospective renters must meet income and household size requirements to apply for these apartments. Applications must be postmarked or submitted online no later than June 27, 2022.