Lottery now open for affordable apartments in luxury building on the Concourse

New York City’s Affordable Housing Lottery is now available for twenty-five units in a newly constructed luxury development in the Lower Concourse section of Mott Haven on the Bronx’s most famous boulevard.

Located at 322 Grand Concourse, the 155 unit luxury development features a host of amenities such as a lounge, a gym, bike storage lockers, a media room, rooftop terrace, package lockers, a courtyard, a golf room, and even a pet spa.

The units themselves will feature high-end appliances and finishings once completed and it appears that most units, if not all, will have balconies.

According to the listing on housing connect, some of these amenities may have additional fees but they don’t actually specify which ones would be subjected to these charges.

As for what will it cost you to live in one of these affordable luxury units? Well rents are more in line with other “affordable” rents in the area with studios within the lottery renting for $1,576 a month compared to the adjacent 276 Grand Concourse which was renting “affordable” studios last year starting at $2,000 a month and a year later still couldn’t fill those “affordable” units.

Unfortunately, the income requirements for the Grand Concourse Apartments, as the development is known, is well above the median income of the neighborhood.

Unlike many developments which offer affordable units at a wide range of incomes, this one is only offered to those households making 80% of the Area Median Income thus severely limiting who will be able to live in these beautiful apartments.

This area of the Lower Concourse, which sits between 149th Street to the Grand Concourse’s most southern point at E 138th Street, has seen an explosion of development in recent years.

The area was part of a 30-block 2009 rezoning known as the Lower Concourse Rezoning in a section of the South Bronx that was largely industrial and was changed to mostly residential and commercial.

This stretch of the Concourse has gone from a gas station and half a dozen autobody shops that have been since replaced with two residential developments and a hotel.

It also saw the demolition of a beloved landmark, PS 31 aka The Castle on the Concourse to make way for 425 Grand Concourse which opened earlier this year and is currently North America’s largest Passive House offering the highest quality and level of green infrastructure and sustainability within a residential building.

Income requirements for the Grand Concourse Apartments are as follows:

80%

• $1,576 a month for studios for households making $56,983-$85,440
• $1,681 a month for 1 bedroom units for households making $60,995-$96,080
• $2,002 a month for 2 bedroom units for households making $73,098-$115,280

Please note, for each unit, there are other requirements such as number of people per household and further income requirements based on household size so refer to the Housing Connect website for further details.

How to Apply

For those interested in applying, you have until December 8, 2022 and you can do so online or you can request an application by mail by sending a self-addressed envelope to: Reside Affordable, 349 Keap Street, Brooklyn, NY 11211

Remember, you can only apply ONCE and you may not apply both online and by mail. Applying more than once can and will disqualify you according to the lottery rules.

5% of units are set aside for individuals with mobility issues and 2% for those with vision and/or hearing impairments. 50% preference for residents of Community Board 4 (to see which community board you live in, click here), and 5% for New York City employees.

Also, please note: We are NOT connected with this or any other real estate developments and cannot assist you in obtaining an apartment so please do not contact us regarding these units.

Good luck to all who apply!