The affordable housing lottery has launched for 1351 Jerome Avenue, an 11-story residential building in Mount Eden, The Bronx. Designed by Baobab Architects and developed by Joseph Riegler, the structure yields 131 residences. Available on NYC Housing Connect are 98 units for residents at 40 to 130 percent of the area median income (AMI), ranging in eligible income from $36,343 to $181,740.
Amenities include package lockers, storage, and a shared laundry room. Units come with air conditioning, intercoms, and name-brand kitchen countertops and finishes. Tenants are responsible for electricity.
At 40 percent of the AMI, there are four one-bedrooms with a monthly rent of $914 for incomes ranging from $36,343 to $55,920.
At 80 percent of the AMI, there is one two-bedroom with a monthly rent of $2,705 for incomes ranging from $87,326.00-$134,160.00.
At 130 percent of the AMI, there is one studio with a monthly rent of $3,405 for incomes ranging from $116,743 to $161,590, and 92 one-bedrooms with a monthly rent of $3,640 for incomes ranging from $124,800 to $181,740.
Prospective renters must meet income and household size requirements to apply for these apartments. Applications must be postmarked or submitted online no later than March 31, 2025.
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