Lottery applications are now being accepted for a brand new affordable housing development on Jerome Avenue in the Mount Eden neighborhood of The Bronx
Located at 1325 Jerome Avenue, the development is a 15 story building with 255 residential units right on top of the 4 train line.
Income requirements for the apartments range from 40 to 60% of the Area Median Income (AMI). On the low side, a 1 bedroom a one bedroom unit renting for $724 a month is available to those making $27,669 to $42,960 a year depending on the household size.
Two bedroom units at the 40% AMI are renting for $792 a month and three bedrooms at $1,003.
Onsite amenities include bike storage lockers, laundry room, storage, community center, recreation room, outdoor terrace, and is a smoke-free development.
According to plans filed three years ago, the development was to set aside 145 units for the formerly homeless with the remaining 110 units as affordable housing.
No details if this is still the case, but given that only 101 units are being made available during this lottery, it’s quite possible that it still is the plan.
The development is the first nearing completion in the controversial Jerome Avenue Rezoning Area which was approved in March of 2018 and was one of the largest in the city. From the moment it was announced up through its approval, it was met with fierce local opposition as residents feared such a rezoning would lead to displacement and gentrification.
Residents and local business rallied to push back against the city led effort given that it would also displace the dozens of automotive shops that line Jerome Avenue but in the end, the city approved the rezoning and almost immediately plans began being filed for various developments, including 1325 Jerome Avenue.
This is but one development rising in the rezoned area which is quickly changing as automotive shops are demolished to give way to high-rise developments.
Interested applicants need to apply by July 13 ,2021 by going to the Housing Connect website here.
You can also request a traditional paper application by sending self-addressed envelope to Jerome Avenue Residence, PO Box 440, Wading River, NY 11792.
Remember, you can only submit ONE application per development whether it’s online or paper but not BOTH. Submitting more than one application per development and can will disqualify you.
Also please note, we are NOT affiliated with this or any development so we cannot help you out so please do not contact us. We are simply reporting the news.
Good luck to all those who apply!
