A new affordable housing lottery has launched for units at 3508 Tryon Avenue, a seven-story, residential building in the Norwood section of The Bronx. Designed by Tabriz Group Design, and developed by Peter Persuad, the structure yields 24 residential units, as reported by YIMBY.

Available on NYC Housing Connect, NYC Department of Housing, Preservation & Development (HPD)’s online portal, are eight units for residents at 130 percent of the area median income (AMI), ranging in eligible income from $54,858 to $167,570.

According to NYC Housing Connect, amenities include assigned parking spaces, storage, security cameras, gated access, and package lockers.

Units come equipped with name-brand appliances and finishes, air conditioning, high-speed internet, and energy-efficient appliances.

At 130 percent of the AMI, there are four one-bedroom units with a monthly rent of $1,600, for incomes ranging from $54,858 to $139,620, and four two-bedroom units with a monthly rent of $1,850, for incomes ranging from $63,429 to $167,570.

Tenants are responsible for electricity, including electric heat, hot water and stove.

The building is anticipated to receive a tax exemption, through the 421a tax incentive program of HPD.

According to NYC Housing Connect, no deposits or application fees apply, though HPD officials add that fees may apply to some amenities. More information is available at https://iaffordny.com/.

Prospective renters must meet income and household size requirements to apply for these apartments, and applications must be postmarked or submitted online no later than Feb. 21, 2022.

To request an application by mail, send a self-addressed envelope to 3508 Tryon Avenue Apartments C/O iAfford NY LLC, 141 Flushing Avenue, Brooklyn Navy Yard Building 77, Brooklyn, NY 11205

The attached chart helps residents understand the AMI income categories used by HPD, to determine eligibility for affordable housing. The categories vary by household size.

Editor’s Note: Norwood News does not coordinate, refer, or process any applications. Please refer to NYC Housing Connect for further information. 

Nota del editor: Para leer este artículo en español, o en algunas otras lenguas, vaya, por favor, a la esquina superior derecha de nuestro sitio web, www.norwoodnews.org, y seleccione “Spanish” en el menú desplegable. Notar que la traducción la hace Google Translate. Por lo tanto, en caso de duda, la version en inglés tiene prioridad.  

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Welcome to the Norwood News, a bi-weekly community newspaper that primarily serves the northwest Bronx communities of Norwood, Bedford Park, Fordham and University Heights. Through our Breaking Bronx blog, we focus on news and information for those neighborhoods, but aim to cover as much Bronx-related news as possible. Founded in 1988 by Mosholu Preservation Corporation, a not-for-profit affiliate of Montefiore Medical Center, the Norwood News began as a monthly and grew to a bi-weekly in 1994. In September 2003 the paper expanded to cover University Heights and now covers all the neighborhoods of Community District 7. The Norwood News exists to foster communication among citizens and organizations and to be a tool for neighborhood development efforts. The Norwood News runs the Bronx Youth Journalism Heard, a journalism training program for Bronx high school students. As you navigate this website, please let us know if you discover any glitches or if you have any suggestions. We’d love to hear from you. You can send e-mails to norwoodnews@norwoodnews.org or call us anytime (718) 324-4998.