Brand new and truly affordable apartments now available in Fordham starting at $567/mo

New York City’s housing lottery on Housing Connect has launched lottery applications for brand-new apartments in the Fordham section of The Bronx.

The development, known as Twin Parks Terrace, is a brand-new 14-story building with 181 residential units constructed on a parking lot owned by the New York City Housing Authority (NYCHA) that was underutilized.

As such, having been constructed on land owned by NYCHA, a preference of 25% of units are for residents of public housing.

Rents at the Twin Parks Terrace are genuinely affordable and more in line with local median incomes and with rents as low as $567 a month for studios for those making 40% of the Area Median Income.

Amenities are aplenty at the development, with bike storage lockers, air conditioning, common area wi-fi, a playground, a children’s playroom, an outdoor terrace, a recreation room, and will even have onsite community events and classes.

Breakdown of unit size, rents, and income requirements are as follows:

40%

• $567 a month for studios for households making $27,875-$42,720
• $717 a month for 1 bedroom units for households making $27,498-$48,040
• $854 a month for 2 bedroom units for households making $33,052-$57,640
• $978 a month for 3 bedroom units for households making $38,195-$66,200

50%

• $738 a month for studios for households making $27,875-$53,400
• $930 a month for 1 bedroom units for households making $34,800-$60,050
• $1,100 a month for 2 bedroom units for households making $41,829-$72,050
• $1,274 a month for 3 bedroom units for households making $48,343-$82,750

70%

• $1,080 a month for studios for households making $39,600-$74,760
• $1,356 a month for 1 bedroom units for households making $49,406-$84,070
• $1,622 a month for 2 bedroom units for households making $59,383-$100,870
• $1,865 a month for 3 bedroom units for households making $68,606-$115,850

80%

• $1,250 a month for studios for households making $45,429-$85,440
• $1,570 a month for 1 bedroom units for households making $56,743-$96,080
• $1,878 a month for 2 bedroom units for households making $68,160-$115,280
• $2,161 a month for 3 bedroom units for households making $78,755-$132,400

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.

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 5 (to see which community board you live in, click here), and 5% for New York City employees as well as a 25% preference for residents of NYCHA.

How to Apply

For those interested in applying, you have until April 11, 2023 and you can do so online or you can request an application by mail by sending a self-addressed envelope to:

Settlement Housing Fund,
Attn: TPT Lottery
247 West 37th Street, 19th Floor
New York, NY 10018

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.

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!