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University Heights: Housing Lottery Launches for Units at 140 West Fordham Road

 

An affordable housing lottery has launched for units at 140 West Fordham Road (rendering attached) in University Heights, The Bronx
Rendering courtesy of NYC Housing Connect

An affordable housing lottery has launched for units in a seven-story, residential building at 140 West Fordham Road in University Heights, as reported by YIMBY.

 

Designed by Marin Architects, and developed by the Stagg Group, the structure yields 54 residential units. Available on NYC Housing Connect, the online portal of New York City Department of Housing, Preservation and Development (HPD), are 18 units for residents at 120 percent of the area median income (AMI), ranging in eligible income from $56,572 to $154,680.

 

An example of one of the apartments at 140 West Fordham Road in the University Heights section of the Bronx, which is available to rent via a lottery system.
Photo courtesy of NYC Housing Connect

Residents will reportedly have access to a wide range of amenities including pet-friendly policies, a shared laundry room, a gym, a recreation room, security cameras, an elevator, and assigned parking spaces. Units have Energy Star appliance, open kitchen layouts, and hardwood floors.

 

At 120 percent of the AMI, there are two studios with a monthly rent of $1,650 for those with incomes ranging from $56,572 to $114,600; 14 one-bedroom units with a monthly rent of $1,750 for those with incomes ranging from $60,000 to $128,880; and two two-bedroom units with a monthly rent of $2,000 for those with incomes ranging from $68,572 to $154,680.

 

This chart helps residents understand the AMI income categories used by New York City Department of Housing Preservation & Development to determine eligibility for affordable housing, which vary by household size.
Source: New York City Department of Housing Preservation & Development

Prospective renters must meet income and household size requirements to apply for these apartments. Applications must be postmarked or submitted online no later than January 5, 2021. For more information, go to NYC Housing Connect.

 

This building is anticipated to receive a tax exemption through HPD’s 421A tax incentive program. No deposits/application fees apply.

 

Editor’s Note: Norwood News does not accept, refer or process any applications.  Please go to NYC Housing Connect to apply.

 

 

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.

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