The lottery is for 1524 Boone Avenue, a new construction development affordable to individuals earning as little as $30,069 for an individual and up to $94,590 for a household of six
New York, NY – (RealEstateRama) — The New York City Department of Housing Preservation and Development Commissioner Maria Torres-Springer and New York City Housing Development Corporation President Eric Enderlin announced the opening of the Housing Connect lottery for 120 affordable apartments at Compass Residences 2A, located at 1524 Boone Avenue in the Crotona Park East neighborhood of the Bronx.
Lottery applications are being accepted for 19 studio apartments, 39 one-bedroom apartments, 49 two-bedroom, and 13 three-bedroom apartments.
The rents range from as low as $822 a month for a studio apartment to $1740 a month for a three-bedroom apartment.
“We are pleased to join HPD in announcing the lottery for the latest 120 affordable homes to come on line at Compass Residences,” said HDC President Eric Enderlin. “As this multi-phase development progresses toward completion, we are seeing a thriving, new community emerge in Crotona Park East. We look forward to receiving applications for Compass Residences 2A by the April 24, 2017 deadline and welcoming future residents to their new homes this summer.”
This building is being constructed under the Mix and Match Program of HPD and HDC and the Homes for Working Families Program of NYS Homes and Community Renewal. Apartments will be affordable to low and moderate-income households. Eligible households include individuals earning as little as $30,069 annually; two- person households earning a minimum of $32,195 annually; three- to four-person households earning a minimum of $38,503 annually; and five- to six-person households earning as low as $44,538 annually.
“The development at Compass Residences exemplifies the work we are doing to transform neighborhoods and achieve broad affordability that serves residents at a range of incomes,” said HPD Commissioner Maria Torres-Springer. “I encourage eligible New Yorkers to visit the NYC Housing Connect website to apply for one of the 120 affordable housing opportunities apartments now available in Crotona Park East, or to explore the many housing lotteries available online.”
Information on eligibility and application details for 1524 Boone Avenue can be found here.
The deadline for applying is April 24, 2017. Eligible applicants who have been selected can expect to start moving into their new homes by July 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.
Learn more about the affordable housing lottery process and other available housing lotteries by visiting the links below:
- For a summary of affordable housing resources visit: How to Find Housing
- Learn What to Expect when you apply
- Get help from the Income Guide
- Find out what happens After you Apply
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.
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 on Facebook, Twitter, and Instagram @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
CONTACT: Juliet Pierre-Antoine, morrisj (at) hpd.nyc (dot) gov
Stephanie Mavronicolas, smavronicolas (at) nychdc (dot) com