HPD COMMISSIONER BEEN AND HDC PRESIDENT RODNEY ANNOUNCE NEW HOUSING LOTTERY FOR MORE THAN 150 AFFORDABLE APARTMENTS IN MELROSE NOW OPEN FOR APPLICATIONS

The lottery is for 3160 Park Avenue, a mixed-income development affordable to individuals earning as little as $19,612 for an individual and up to $105,100 for a household of six

[Note: This release includes hyperlinks in Blue that lead to important information to enhance this announcement.]

New York, NY – (RealEstateRama) — The New York City Department of Housing Preservation and Development Commissioner Vicki Been and New York City Housing Development Corporation President Gary Rodney today announced the opening of the Housing Connect lottery for 151 affordable apartments in the 3160 Park Avenue development. The new building is currently being constructed on once vacant land in the Melrose section of the Bronx at the intersection of Park Avenue and East 161st Street.

The rents range from as low as $532 a month for a one-bedroom apartment to $1,683 a month for a three-bedroom apartment.

3160 Park Avenue will be an eleven-story newly constructed building with 45 one-bedroom, 80 two-bedroom, and 27 three-bedroom apartments. These apartments will be affordable to very low- and low-income households and includes one unit for an onsite superintendent. The building will also include over 20,000 square feet of ground floor retail for a New York City Food Retail Expansion to Support Health (FRESH) supermarket.

“Our mission is to make New York City a more affordable city for all New Yorkers and 3160 Park Avenue helps us achieve our goals by offering affordable housing opportunities to households with a range of incomes. Each of this building’s 151 available apartments will provide a lucky individual or family with a high quality, affordable home to be proud of,” said HPD Commissioner Vicki Been. “We encourage eligible applicants to apply for the opportunity to live in this wonderful new development.”

“The Mayor’s housing plan laid out a vision for developments that are not only affordable but also enrich their communities by incorporating retail and other amenities for the benefit of entire neighborhoods. Not only does 3160 Park Avenue create 151 new affordable homes, but its participation in the city’s FRESH program means there will also be a quality supermarket to serve the needs of local residents,” said HDC President Gary Rodney.  “We encourage all those seeking affordable housing to register on NYC Housing Connect and learn more about this development and others that similarly exemplify the vision of the Housing New York plan.”

“We all know that the City’s homeless problem is out of control and how desperate people here in the Bronx are for affordable housing. This lottery for 151 new apartments will help some families and individuals to have a place they can call home. If we could see lotteries like this on a weekly basis, by next year the City of New York could catch up to meeting the needs of our homeless,” said New York State Senator Ruben Diaz.

“It pleases me to see new, quality affordable housing made available for families in Melrose,” said Councilman Rafael Salamanca, Jr. “With affordable housing for families with a variety of incomes a serious concern in our community, we need to continue to work together to find real solutions, which is why this development is a great addition to the South Bronx.”

“I want to thank New York City Department of Housing Preservation and Development Commissioner Vicki Been and New York City Housing Development Corporation President Gary Rodney for their help in launching this wonderful project,” said Bronx Borough President Ruben Diaz Jr. “Affordable housing is an issue I have been focusing on since the first day I became the Bronx Borough President. Using vacant land, such as the one at the intersection of Park Avenue and East 161st Street, is an intelligent way to convert an empty plot into creating something that is much needed in the borough. We have invested a lot of time and money in creating mixed-income housing opportunities, such as the $500,000 in capital funding we invested in this development, to give everyone, regardless of their income, an opportunity to find an affordable home while continuing to build on our borough’s successes.”

“Trinity Financial is excited to be partnering with the City of New York to develop 3160 Park Avenue and transform a long-vacant parcel in the heart of the Bronx into a thriving community that we can all be proud of. Today’s announcement brings hundreds of families in Melrose one step closer to living in the high-quality affordable housing they deserve. We look forward to the completion of the project,” said Kenan Bigby, Managing Director of Trinity Financial, Inc.

More information on available apartments and instructions on how to apply are available in Arabic, Simplified Chinese, Haitian Creole, Korean, Russian, and Spanish on the NYC Housing Connect website here: NYC Housing Connect. The deadline for applying is September 9, 2016. Eligible applicants who have been selected can expect to start moving into their new homes by the end of 2016.

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

All of the above webpages can be accessed through HPD’s website at nyc.gov/hpd/renters/find-housing.page

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 early 2016, the City announced the NYC Housing Connect website now serves Arabic, Simplified Chinese, Haitian Creole, Korean, Russian, and Spanish speakers. Each existing housing lottery advertisement and all upcoming lotteries are also available in each of the above listed languages. Translations were funded by Citi Community Development.

All 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. Duplicate applications will be disqualified, as an applicant can only apply once to any given development.

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About the New York City Department of Housing Preservation and Development (HPD):
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 viawww.facebook.com/nychousing and @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: www.nychdc.com.

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