Another “affordable” housing development in The Bronx began accepting applications 93 units at 2605 Grand Concourse in the Fordham area of our borough right across from Poe Park (and the newly christened Bill Finger Way after the co-creator of Batman).
But the units are anything but affordable as they are set aside for median incomes significantly higher than the immediate surrounding area.
24 units are set aside for households making 60% of the bogus Area Median Income (AMI) ranging anywhere from $30,515 for a single family household on the lower end of the spectrum for a studio apartment to $66,420 for a family of 6 for a three bedroom unit.
For households making 100% of the AMI, 28 units have been set aside for individuals making $36,480 a year for studio units to 6 person household making $110,700 for three-bedroom units.
Finally, there’s a third and even more absurd tier for families making 130% of the AMI with studio units for single family households making $45,189 to $143,910 for a family of 6 for a three-bedroom unit.
Why do we say the AMI is bogus? Because the median income between 2012-2016 according to the US Census was $35,302.
This immediately disqualifies native Bronxites who need a breather in their rents but can’t get a break due to the way the AMI is calculated.
Anywho, if you want to apply for this apartment, you can head over to NYC Housing Connect and apply.
May the odds be ever in your favor.
