The affordable housing lottery has launched for Lincoln at Bankside Phase 2, a 25-story residential building at 101 Lincoln Avenue in Mott Haven, The Bronx. Designed by Hill West Architects and developed by Brookfield, the structure yields 921 residences. Available on NYC Housing Connect are 132 units for residents at 130 percent of the area median income (AMI), ranging in eligible income from $86,572 to $198,250.
Lincoln at Bankside Phase 2 via NYC Housing Connect
Lincoln at Bankside Phase 2 via NYC Housing Connect
Lincoln at Bankside Phase 2 via NYC Housing Connect
New tenants get several one-time incentives, including one month free rent, waived security deposit, and one year of amenities free for the initial lease term. Exclusions apply to the free amenity fee package.
Residences come with washers and dryers, air conditioning, dishwashers, hardwood floors, and name-brand kitchen appliances, countertops, and finishes. Amenities include an attended lobby, dog washing station, common area Wi-Fi, resident storage, elevator, mail room, party room, media room, recreation center, children’s playroom, business center, gym with yoga/dance studio, pool, rooftop terrace, shared laundry room, bike storage, live-in superintendent, and on-site parking with electric vehicle charging stations. Tenants are responsible for electricity and cooling costs. Heat, hot water, and gas for cooking are included in the rent.
Lincoln at Bankside Phase 2 via NYC Housing Connect
Lincoln at Bankside Phase 2 via NYC Housing Connect
Lincoln at Bankside Phase 2 via NYC Housing Connect
At 130 percent of the AMI, there are 38 studios with a monthly rent of $2,525 for incomes ranging from $86,572 to $146,900; 38 one-bedrooms with a monthly rent of $2,825 for incomes ranging from $96,858 to $165,230; 28 one-bedrooms with a monthly rent of $3,075 for incomes ranging from $105,429 to $165,230; and 28 two-bedrooms with a monthly rent of $3,400 for incomes ranging from $116,572 to $198,250.
Prospective renters must meet income and household size requirements to apply for these apartments. Applications must be postmarked or submitted online no later than November 16, 2023.
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This isn’t AFFORDABLE HOUSING but INCOME LINKED HOUSING AT 130% AMI for high middle and upper income people only.
This is not affordable to the low and middle income people of the bronx!
This millionaire developer used the dead NYS taxpayer subsidized program to build
At 130 percent of the AMI, there are 38 studios with a monthly rent of $2,525 for incomes ranging from $86,572 to $146,900; 38 one-bedrooms with a monthly rent of $2,825 for incomes ranging from $96,858 to $165,230; 28 one-bedrooms with a monthly rent of $3,075 for incomes ranging from $105,429 to $165,230; and 28 two-bedrooms with a monthly rent of $3,400 for incomes ranging from $116,572 to $198,250.
people making six figure incomes don’t need NYS taxpayers to subsidize them with the dead 421A program at 130%AMI
They do if you want new housing built. New housing construction isn’t economically feasible if you didn’t have these subsidies. The affordable housing rules and 421a benefits are necessary if you want new housing and greater housing affordability.
They should only get tax breaks if they include actually affordable units
Otherwise it defeats the purpose of these incentives
blsht Crawdad
the fact is that NYS taxpayers were subsidizing millionaire developers costs with 421A which padded the millionaire developers pockets with more profits
I don’t know about you but I don’t want my hard earned tax dollars going to subsidize millionaires.
They can build housing, they just won’t make as much money
it’s not AFFORDABLE HOUSING, it’s INCOME LINKED HOUSING AT 130%AMI