Housing Lottery Launches For Mount Hope Walton Apartments At 1761 Walton Avenue In Mount Hope, The Bronx

 

The affordable housing lottery has launched for Mount Hope Walton Apartments, a 14-story mixed-use building at 1761 Walton Avenue in Mount Hope, The Bronx. Developed by Procida Development Group and Mount Hope Housing Corporation and designed by Aufgang Architects, the structure yields 103 income-restricted apartments and a 9,500-square-foot community gymnasium. Available on NYC Housing Connect are 86 units for residents at 30 to 80 percent of the area median income (AMI), ranging in eligible income from $24,515 to $140,080.

Amenities include a virtual doorman, shared laundry facilities, common area Wi-Fi, two indoor recreation rooms, an outdoor terrace, package lockers, and bicycle storage. Residences have energy-efficient appliances, air conditioning, and name-brand kitchen finishes and countertops. Tenants are responsible for electricity.

At 30 percent of the AMI, there are two one-bedrooms with a monthly rent of $617 for incomes ranging from $24,515 to $38,130; four two-bedrooms with a monthly rent of $728 for incomes ranging from $29,383 to $45,750; and four three-bedrooms with a monthly rent of $830 for incomes ranging from $33,978 to $52,530.

At 50 percent of the AMI, there are 12 one-bedrooms with a monthly rent of $1,146 for incomes ranging from $42,652 to $63,550; eight two-bedrooms with a monthly rent of $1,364 for incomes ranging from $51,189 to $76,250; and five three-bedrooms with a monthly rent of $1,564 for incomes ranging from $59,143 to $87,550.

At 60 percent of the AMI, there are 18 one-bedrooms with a monthly rent of $1,411 for incomes ranging from $51,738 to $76,260; two two-bedrooms with a monthly rent of $1,682 for incomes ranging from $62,092 to $91,500; and one three-bedroom with a monthly rent of $1,931 for incomes ranging from $71,726 to $105,060.

At 80 percent of the AMI, there are 20 one-bedrooms with a monthly rent of $1,888 for incomes ranging from $68,092 to $101,680; six two-bedrooms with a monthly rent of $2,254 for incomes ranging from $81,703 to $122,000; and four three-bedrooms with a monthly rent of $2,592 for incomes ranging from $94,389 to $140,080.

Prospective renters must meet income and household size requirements to apply for these apartments. Applications must be postmarked or submitted online no later than February 13, 2024.