Housing Lottery Launches For 1169 River Avenue In Concourse, The Bronx

 

The affordable housing lottery has launched for 1169 River Avenue, a 19-story mixed-use building in Concourse, The Bronx. Designed by Aufgang Architects and developed by Community Access, a NYC supportive housing and social service non-profit, the structure yields 245 residences. Available on NYC Housing Connect are 96 units for residents at 60 to 80 percent of the area median income (AMI), ranging in eligible income from $31,852 to $132,400.

Amenities include a community center, playground, bike storage lockers, a shared laundry room, green space, pet-friendly policies, common area wifi, gym, party room, recreation room, business center, storage, outdoor terrace, concierge, doorman, and on-site resident manager. Residences come equipped with energy-efficient appliances, air conditioning, smart controls for heating and cooling, and name-brand countertops and finishes. Rent includes gas for heating and hot water. Tenants are responsible for electricity.

At 60 percent of the AMI, there are 36 studios with a monthly rent of $843 for incomes ranging from $31,852 to $64,080; 11 one-bedrooms with a monthly rent of $1,065 for incomes ranging from $39,875 to $72,060; and six three-bedrooms with a monthly rent of $1,482 for incomes ranging from $56,332 to $99,300.

At 70 percent of the AMI, there are two studios with a monthly rent of $1,003 for incomes ranging from $37,338 to $74,760; and two three-bedrooms with a monthly rent of $1,760 for incomes ranging from $65,863 to $115,850.

At 80 percent of the AMI, there are six studios with a monthly rent of $1,163 for incomes ranging from $42,823 to $85,440; 17 one-bedrooms with a monthly rent of $1,465 for incomes ranging from $53,589 to $96,080; seven two-bedrooms with a monthly rent of $1,770 for incomes ranging from $65,109 to $115,280; and nine two-bedrooms with a monthly rent of $2,037 for incomes ranging from $75,360 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 May 22, 2023.