The affordable housing lottery has launched for Marion Creston Apartments, two new residential buildings at 2997 Marion Avenue and 2861 Creston Avenue in Bedford Park, The Bronx. Palette Architecture designed the seven-story structure at 2861 Creston Avenue and David Cunningham Architecture is responsible for 2997 Marion Avenue, and both are developed by John V. Waters of NFW Group. Available on NYC Housing Connect are 25 units for residents at 30 to 80 percent of the area median income (AMI), ranging in eligible income from $18,515 to $122,000
Building features include elevators, security cameras, residential courtyard, bicycle storage room, and on-site laundry. Tenants are responsible for electricity.
At 30 percent of the AMI, there are three studios with a monthly rent of $454 for incomes ranging from $18,515 to $33,900; one one-bedroom with a monthly rent of $577 for incomes ranging from $23,143 to $38,130; and one two-bedroom with a monthly rent of $680 for incomes ranging from $27,738 to $45,750.
At 60 percent of the AMI, there is one studio with a monthly rent of $1,055 for incomes ranging from $39,120 to $67,800; one one-bedroom with a monthly rent of $1,328 for incomes ranging from $48,892 to $76,260; and one two-bedroom with a monthly rent of $1,581 for incomes ranging from $58,629 to $91,500.
At 80 percent of the AMI, there are ten studios with a monthly rent of $1,455 for incomes ranging from $52,835 to $90,400; four one-bedrooms with a monthly rent of $1,742 for incomes ranging from $63,086 to $101,680; and three two-bedrooms with a monthly rent of $2,181 for incomes ranging from $79,200 to $122,000.
Prospective renters must meet income and household size requirements to apply for these apartments. Applications must be postmarked or submitted online no later than August 1, 2023.
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