Housing Lottery Launches For 2 Mount Hope Place In Morris Heights, The Bronx

 

The affordable housing lottery has launched for 2 Mount Hope Place, an 11-story mixed-use new development at 1840 Jerome Avenue in Morris Heights, The Bronx. Designed by Gerald Caliendo Architects and developed by Sam Kafif, the structure yields 430 residences. Available on NYC Housing Connect are 43 units for residents at 40 to 130 percent of the area median income (AMI), ranging in eligible income from $21,738 to $215,150.

2 Mt. Hope Place in Morris Heights, The Bronx via NYC Housing Connect

Amenities include covered parking, a shared laundry room, recreation room, security guard and cameras, and a doorman. Units come equipped with air conditioning, intercoms, and name-brand kitchen appliances, countertops, and finishes. Tenants are responsible for electricity.

At 40 percent of the AMI, there are eight studios with a monthly rent of $548 for incomes ranging from $21,738 to $42,720 and nine one-bedrooms with a monthly rent of $545 for incomes ranging from $22,046 to $48,040.

At 60 percent of the AMI, there are 12 one-bedrooms with a monthly rent of $945 for incomes ranging from $35,760 to $72,060 and five two-bedrooms with a monthly rent of $1,148 for incomes ranging from $43,818 to $86,460.

At 90 percent of the AMI, there are four two-bedrooms with a monthly rent of $1,869 for incomes ranging from $68,538 to $129,690 and two three-bedrooms with a monthly rent of $2,151 for incomes ranging from $79,303 to $148,950.

At 130 percent of the AMI, there is one studio with a monthly rent of $1,700 for incomes ranging from $58,286 to $138,840; one two-bedroom with a monthly rent of $1,975 for incomes ranging from $67,715 to $187,330; and one three-bedroom with a monthly rent of $2,500 for incomes ranging from $85,715 to $215,150.

Prospective renters must meet income and household size requirements to apply for these apartments. Applications must be postmarked or submitted online no later than October 31, 2022.