The affordable housing lottery has launched for The Willow, an eight-story mixed-use building at 750 East 134th Street in Port Morris, The Bronx. Designed by Newman Design Architects and co-developed by JCAL Development and Altmark Group, the structure yields 133 residences and 9,456 square feet of commercial space. Available on NYC Housing Connect are 112 units for residents at 30 to 80 percent of the area median income (AMI), ranging in eligible income from $17,006 to $140,080.
The Willow at 750 East 134th Street in Port Morris, The Bronx via NYC Housing Connect
The Willow at 750 East 134th Street in Port Morris, The Bronx via NYC Housing Connect
The Willow at 750 East 134th Street in Port Morris, The Bronx via NYC Housing Connect
Amenities include rooftop terrace, recreation room, shared laundry room, bike storage lockers, package lockers, elevator, and security cameras. Units feature designer vinyl tile, Quartz countertops, and steel appliances. Tenants are responsible for electricity.
At 30 percent of the AMI, there are two studios with a monthly rent of $410 for incomes ranging from $17,006 to $33,900; seven one-bedrooms with a monthly rent of $521 for incomes ranging from $21,223 to $38,130; three two-bedrooms with a monthly rent of $615 for incomes ranging from $25,509 to $45,750; and one three-bedroom with a monthly rent of $701 for incomes ranging from $29,555 to $52,530.
At 50 percent of the AMI, there are seven studios with a monthly rent of $768 for incomes ranging from $29,280 to $56,500; 21 one-bedrooms with a monthly rent of $969 for incomes ranging from $36,583 to $63,550; eight two-bedrooms with a monthly rent of $1,152 for incomes ranging from $43,920 to $76,250; and four three-bedrooms with a monthly rent of $1,322 for incomes ranging from $50,846 to $87,550.
At 70 percent of the AMI, there are five studios with a monthly rent of $1,126 for incomes ranging from $41,555 to $79,100; 14 one-bedrooms with a monthly rent of $1,416 for incomes ranging from $51,909 to $88,970; five two-bedrooms with a monthly rent of $1,689 for incomes ranging from $62,332 to $106,750; and three three-bedrooms with a monthly rent of $1,942 for incomes ranging from $72,103 to $122,570.
At 80 percent of the AMI, there are six studios with a monthly rent of $1,305 for incomes ranging from $47,692 to $90,400; 17 one-bedrooms with a monthly rent of $1,640 for incomes ranging from $59,589 to $101,680; five two-bedrooms with a monthly rent of $1,958 for incomes ranging from $71,555 to $122,000; and four three-bedrooms with a monthly rent of $2,252 for incomes ranging from $82,732 to $140,080.
Prospective renters must meet income and household size requirements to apply for these apartments. Applications must be postmarked or submitted online no later than September 12, 2023.
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I wonder how much these cost to build per unit.
NYCHA now claims it needs $78 BILLION for all the necessary repairs to existing housing. That works out to $500,000 per unit, which is absolutely insane.
Corruption and indifference are the only things NYC seems to know.
I don’t believe that 78 billion report for a second. They’re claiming the cost has increased by half just in the last few years? I try not to be cynical but this is about the crookedest or most incompetent thing I’ve seen in a while.
Nonetheless, feels absurd to spend such amounts to try and fix/Improve terrible looking housing. Seems better to start building new (and more) on site (and get rid of the parking in Manhattan while you’re at it in exchange for more housing)