pr_01-11-2017

HPD COMMISSIONER BEEN AND HDC PRESIDENT ENDERLIN ANNOUNCE NEW
HOUSING LOTTERY FOR 107 AFFORDABLE APARTMENTS IN CROTONA PARK EAST NOW OPEN FOR APPLICATIONS

 

The lottery is for 1825 Boston Road, a new construction development affordable to individuals earning as little as $14,503 for an individual and up to $105,100 for a household of six

 

Crotona Terrace Building B - 1825 Boston Road

Rendering courtesy of Aufgang + Subotovsky Architecture

 

New York, NY – The New York City Department of Housing Preservation and Development Commissioner Vicki Been and New York City Housing Development Corporation President Eric Enderlin today announced the opening of the Housing Connect lottery for 107 affordable apartments at Crotona Terrace Building B, located at 1825 Boston Road in the Crotona Park East neighborhood of the Bronx.

Lottery applications are being accepted for 10 studio apartments, 25 one-bedroom apartments, 58 two-bedroom, and 14 three-bedroom apartments.

The rents range from as low as $368 a month for a studio apartment to $1,740 a month for a three-bedroom apartment.

This building is being constructed under the HPD and HDC Extremely Low- and Low-Income Affordability (ELLA) program and will be affordable to extremely low, very low, low, and moderate income households. Eligible households include individuals earning as little as $14,503 annually; two- person households earning a minimum of  $15,498 annually; three- to four-person households earning a minimum of $18,515 annually; and five- to six-person households earning as low as $21,463 annually.

“Each of the 107 apartments in Crotona Park East represents an opportunity for a New Yorker to live in an affordable home,” said Vicki Been, HPD Commissioner.  “This new development, conveniently located near transportation, schools, and retail, is one of the many lotteries now open on NYC Housing Connect.  I encourage eligible households to apply, and to learn more about how to best prepare for and navigate the housing application process through our new Ready, Set, Apply guide.”

Information on eligibility and application details 1825 Boston Road can be found here.

The deadline for applying is March 15, 2017. Eligible applicants who have been selected can expect to start moving into their new homes by Summer 2017.

A percentage of units will be set aside for mobility (5%) and vision or hearing (2%) disabled applicants. Preference for 50 percent of the units will be given to residents of Bronx Community Board 3, and preference for 5 percent of the units will be given to municipal employees.

HDC President Eric Enderlin said, “These 107 apartments will be affordable to individuals and families from a wide range of incomes, reflecting the growing diversity of the Crotona Park East neighborhood in the Bronx. I encourage all interested in living at this brand new, high quality development to review the eligibility requirements and apply for the open lottery on the Housing Connect website today.”

More information on all available apartments and instructions on how to apply to the City’s affordable housing lottery are available in Arabic, Simplified Chinese, Haitian Creole, Korean, Russian, and Spanish on the NYC Housing Connect website here: NYC Housing Connect.

Learn more about the affordable housing lottery process and other available housing lotteries by visiting the links below:

 

Since its 2013 launch, NYC Housing Connect has simplified the city’s housing lottery process. The website allows New Yorkers to fill out a single online profile, which can be used to apply to multiple new housing lotteries. That profile can be saved and edited, eliminating the need to fill out individual paper applications for upcoming lotteries.

In October, 2016, Mayor de Blasio announced changes to the City’s marketing guidelines designed to ensure that City-assisted affordable housing reaches the New Yorkers who need it most. Important changes to the policies include ending developers and leasing agents’ ability to deny applications based solely on credit scores; new standards for homeless shelter referrals to account for special challenges faced by these households; strictly limiting the ability of landlords to deny an applicant based only on their exercising due process rights in housing court; and imposing limits on personal assets. These changes are the most recent in a series of adjustments by the de Blasio Administration to increase information accessibility and transparency to the housing lottery process.

Registered applicants are notified via email when new lotteries are posted to the Housing Connect site. Instructions on how to submit a paper application are also available, and listed in each housing lottery advertisement. Applicants may not submit both a paper application and a web application for the same project.

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The New York City Department of Housing Preservation and Development (HPD)

The New York City Department of Housing Preservation and Development (HPD) is the nation’s largest municipal housing preservation and development agency. Its mission is to promote quality housing and diverse, thriving neighborhoods for New Yorkers through loan and development programs for new affordable housing, preservation of the affordability of the existing housing stock, enforcement of housing quality standards, and educational programs for tenants and building owners. HPD is tasked with fulfilling Mayor de Blasio’s Housing New York: A Five-Borough Ten-Year Plan to create and preserve 200,000 affordable units for New Yorkers at the very lowest incomes to those in the middle class. For more information visit www.nyc.gov/hpd and for regular updates on HPD news and services, connect with us via www.facebook.com/nychpd and www.twitter.com/nychousing.

 

About the New York City Housing Development Corporation (HDC):

HDC is the nation’s largest municipal Housing Finance Agency and is charged with helping to finance the creation or preservation of affordable housing under Mayor Bill de Blasio’s Housing New York plan. Since 2003, HDC has financed more than 120,000 housing units using over $13.7 billion in bonds, and provided in excess of $1.6 billion in subsidy from corporate reserves. HDC ranks among the nation’s top issuers of mortgage revenue bonds for affordable multi-family housing on Thomson Reuter’s annual list of multi-family bond issuers. In each of the last four consecutive years, HDC’s annual bond issuance has surpassed $1 billion. For additional information, visit: http://www.nychdc.com