Housing Lottery Launches For 305 East 165th Street In Concourse, The Bronx

The affordable housing lottery has launched for 305 East 165th Street, a seven-story residential building in Concourse, The Bronx. Designed by Marin Architects and developed by Stagg Group, the structure yields 72 residences and 17 parking spots. Available on NYC Housing Connect are 37 units for residents at 80 to 130 percent of the area median income (AMI), ranging in eligible income from $55,612 to $187,330.

Amenities include pet-friendly policies, a shared laundry room, elevator, recreation room, and a gym. Units come equipped with energy-efficient appliances and air conditioning. Tenants are responsible for electricity.

At 80 percent of the AMI, there are six studios with a monthly rent of $1,536 for incomes ranging from $55,612 to $85,440 and 18 one-bedrooms with a monthly rent of $1,640 for incomes ranging from $59,589 to $96,080.

At 130 percent of the AMI, there are three studios with a monthly rent of $1,700 for incomes ranging from $58,286 to $138,840; seven one-bedrooms with a monthly rent of $1,800 for incomes ranging from $61,715 to $156,130; and three two-bedrooms with a monthly rent of $2,100 for incomes ranging from $72,000 to $187,330.

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 17, 2022.