The lottery is for 4275 Park Avenue, a new construction development affordable to individuals earning as little as $18,823 for an individual and up to $63,060 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 today announced the opening of the Housing Connect lottery for 227 affordable apartments at Park House, located at 4275 Park Avenue in the Bathgate/East Tremont neighborhood of the Bronx.

Lottery applications are being accepted for 9 studio apartments, 93 one-bedroom apartments, 100 two-bedroom, and 25 three-bedroom apartments.

The rents range from as low as $494 a month for a studio apartment to $1181 a month for a three-bedroom apartment.

This building is being constructed under HDC’s Low Income Affordable Marketplace Program (LAMP) and HPD’s Low Income Rental Program (LIRP) and will be affordable to very low, and low income households. Eligible households include individuals earning as little as $18,823 annually; two- person households earning a minimum of  $20,195 annually; three- to four-person households earning a minimum of $24,138 annually; and five- to six-person households earning as low as $28,115 annually.

“With each new lottery, we are working to keep this city affordable to all New Yorkers,” said HPD Commissioner Maria Torres-Springer. “This new development represents an opportunity for 227 low-income individuals and families to secure a quality, affordable home in a vibrant community. I encourage all those seeking affordable housing to register on NYC Housing Connect and learn more about the opportunities available and how to apply.”

HDC President Eric Enderlin said, “This brand new building brings much needed affordable housing to the Bathgate neighborhood in the Bronx.  Future residents of this new development will enjoy amenities including a community room, bicycle storage, patio and courtyard, within blocks of Tremont Park and Echo Park, multiple transit options, shopping, and medical facilities. Visit Housing Connect today to view eligibility requirements and find out how to apply for the 227 apartments available to very low and low income households at 4275 Park Avenue.”

Information on eligibility and application details for 4275 Park Avenue can be found here.

The deadline for applying is April 17, 2017. Eligible applicants who have been selected can expect to start moving into their new homes by summer 2017.

“The Bronx continues to struggle with the challenge of affordable housing and the HPD’s Low Income Rental Program (LIRP) offers a solution to this challenge by creating eligibility requirements aimed at the very low, and low income households,” said Assembly Member Victor Pichardo. “This will ensure that many of my neighbors in the Bronx will have access to participate in this lottery. I look forward to continuing to support meaningful measures that provide real housing solutions to the constituents of my district.”

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 6, 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:

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.


About 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