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Melrose: Affordable Housing Lottery Launches for Units at 724 Elton Avenue

724 ELTON AVENUE IN Melrose, The Bronx
Image via NYC Housing Connect

NYC Department of Housing Preservation & Development (HPD) have launched an affordable housing lottery for units at 724 Elton Avenue, a 4-story residential building in the Melrose section of The Bronx, as reported by YIMBY.

 

Built in 1931 for industrial use, the structure was altered in 2017 for residential use, according to YIMBY. Available on NYC Housing Connect, HPD’s online portal, are five units for residents at 130 percent of the area median income (AMI), ranging in eligible income from $65,143 to $187,330.

724 ELTON AVENUE IN Melrose, The Bronx
Image via NYC Housing Connect

Residential units come with energy-efficient appliances, air conditioning, smart controls for heating and cooling, and name-brand kitchen appliances, countertops, and finishes. Tenants are responsible for electricity.

 

724 ELTON AVENUE IN Melrose, The Bronx
Image via NYC Housing Connect

At 130 percent of the AMI, there are four studios with a monthly rent of $1,900, for incomes ranging from $65,143 to $138,840, and one two-bedroom unit with a monthly rent of $2,100, for incomes ranging from $72,000 to $187,330.

 

Prospective renters must meet income and household size requirements to apply for these apartments. Applications must be postmarked or submitted online no later than Sept. 23, 2022.

 

THIS CHART IS designed to help residents understand the AMI income categories used by New York City Department of Housing Preservation & Development (HPD) to determine eligibility for affordable housing, which vary by household size.
Source: New York City Department of Housing Preservation & Development

Editor’s Note: Norwood News does not accept, process or refer any applications. For all inquiries, please liaise with NYC Department of Housing Preservation and Development as follows:

NYC Housing Connect,
Affordable Housing Lottery Helpline
: 212-863-7990

Emailnychousingconnect@hpd.nyc.gov

For information on applying for affordable housing for people with disabilities, please submit accessibility inquiries to:
Phone: 212-863-6486
Emailaccessibility@hpd.nyc.gov

HPD Housing Ambassadors
Email: ambassadors@hpd.nyc.gov

 

 

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