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Affordable Housing Lottery Launches For 227 Units At 425 Grand Concourse In Mott Haven, The Bronx

The affordable housing lottery has launched for 425 Grand Concourse, a 26-story mixed-use building in Mott Haven, The Bronx. Designed by Dattner Architects, the structure yields 277 residences, a neighborhood supermarket, a community health center, a cultural center, and a 30,000-square-foot educational facility for CUNY’s Hostos Community College. Available on NYC Housing Connect are 248 units for residents at 30 to 130 percent of the area median income (AMI), ranging in eligible income from $15,360 to $192,400.

At 30 percent of the AMI, there are 28 units with a monthly rent ranging from $362 to $650 for incomes between $15,360 and $44,400. At 40 percent of the AMI, there are 55 units with a monthly rent ranging from $522 to $927 for incomes between $20,846 and $59,200. At 70 percent of the AMI, there are 55 units with a monthly rent ranging from $1,003 to $1,760 for incomes between $37,338 and $103,600. At 100 percent of the AMI, there are 41 units with a monthly rent ranging from $1,212 to $2,121 for incomes from $44,503 to $148,000.

At 130 percent of the AMI, there are 69 units with a monthly rent ranging from $1,532 to $2,676 for incomes from $55,475 to $192,400.

Prospective renters must meet income and household size requirements to apply for these apartments. Applications must be postmarked or submitted online no later than April 11, 2022.

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NYY