The affordable housing lottery has launched for 477 Gerard Avenue, a 13-story residential building in Mott Haven, The Bronx. Designed by Michael Kang Architecture and developed by Jai Ganesh Realty, the structure yields 66 residences. Available on NYC Housing Connect are 20 units for residents at 130 percent of the area median income (AMI), ranging in eligible income from $61,715 to $198,250.
Amenities include a shared laundry room, assigned parking spaces, bike storage lockers, elevator, and an outdoor terrace. Residences come with dishwashers, air conditioning, and patios or balconies. Tenants are responsible for electricity.
At 130 percent of the AMI, there are 10 one-bedrooms with a monthly rent of $1,800 for incomes ranging from $61,715 to $165,230, and ten two-bedrooms with a monthly rent of $2,050 for incomes ranging from $70,286 to $198,250.
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 24, 2023.
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