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HPD COMMISSIONER BEEN AND HDC PRESIDENT ENDERLIN ANNOUNCE LOTTERY OPENED FOR APPLICATIONS FOR 114 AFFORDABLE APARTMENTS CROTONA PARK EAST

 

The Housing Connect lottery is now open for applications for 1544 Boone Avenue, a newly constructed development affordable to households earning a minimum annual income of $29,520 for an individual and up to $63,060 for a family of six

 

Compass 2B - 1544 Boone Avenue

Rendering courtesy of Dattner Architects

 

New York, NY – The New York City Department of Housing Preservation and Development (HPD) Commissioner Vicki Been and New York City Housing Development Corporation (HDC) President Eric Enderlin today announced the opening of the Housing Connect lottery for 114 units at Compass Residences 2B, a mixed-income affordable housing development located at 1544 Boone Avenue in the Crotona Park East section of the Bronx.

Lottery applications for this newly constructed development are being accepted for 22 studio apartments, 35 one-bedroom apartments, 42 two-bedroom, and 15 three-bedroom apartments. These apartments will be affordable to low-income households.

“This new development represents an opportunity for 114 individuals and families to have a quality, affordable home in a vibrant community,” said HPD Commissioner Vicki Been. “I encourage eligible households to visit the NYC Housing Connect website and apply for this lottery, or explore the many other housing lotteries available.”

HDC President Eric Enderlin said, “I encourage all of those eligible to apply for the latest Housing Connect lottery at the beautifully-designed Compass Residences in Crotona Park East. With high-end finishes, a shared court yard, community room, children’s playground, and multiple transportation options, this is an accessible and affordable housing community any New Yorker would be proud to call home.”

Eligible households include individuals earning as little as $29,520 annually; two- person households earning a minimum of  $31,612 annually; three- to four-person households earning a minimum of $37,920 annually; and five- to six-person households earning as low as $43,818 annually. Information on eligibility and application details for 1544 Boone Avenue can be found here. The rents range from as low as $822 a month for a studio apartment to $1,224 a month for a three-bedroom apartment.

The deadline for applying is February 7, 2017. Eligible applicants who have been selected can expect to start moving into their new homes by Spring 2017.

“This building is significant because of it not only aims to provide quality housing for Bronx families, but also is setting aside units for the hearing impaired and disabled members of our neighborhood,” said Councilman Salamanca. “I encourage all families eligible to apply, because these units are available first and foremost to residents in this community.”

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.

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.

“The Compass Residences represent a reimagining of Crotona Park East and the waterfront with Bronx residents at the center,” said Tom Ciano, Vice President and Director of Real Estate Operations of Monadnock Development.  "We are proud to introduce the newest phase to the community and grateful to our partners for bringing this shared vision to life!”

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. This 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