The affordable housing lottery has launched for La Olazul, a 13-story affordable and supportive housing development at 1940 Jerome Ave in Mount Hope, The Bronx. Designed by STAT Architecture PC and developed by Vaya Development and Westhab, the structure yields 115 residences. Available on NYC Housing Connect are 37 units for residents at 60 percent of the area median income (AMI), ranging in eligible income from $58,320 to $105,000.
Amenities include an elevator, laundry service, community center, gym, bike storage lockers, and a rooftop terrace. Residents are responsible for electricity including air conditioning and stove.
At 130 percent of the AMI, there are 29 studios with a monthly rent of $1,590 for incomes ranging from $58,320 to $77,760; six one-bedrooms with a monthly rent of $1,695 for incomes ranging from $62,435 to $87,480; and two two-bedrooms with a monthly rent of $2,017 for incomes ranging from $74,880 to $105,000.
Prospective renters must meet income and household size requirements to apply for these apartments. Applications must be postmarked or submitted online no later than May 8, 2026.
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