The affordable housing lottery has launched for 2077 Ryer Avenue, a 12-story residential building in Tremont, The Bronx. Designed by S. Wieder Architect and developed by The Vaja Group, the structure yields 93 residences. Available on NYC Housing Connect are 58 units for residents at 125 to 130 percent of the area median income (AMI), ranging in eligible income from $120,515 to $218,010.
Amenities include an elevator and shared laundry room. Tenants are responsible for electricity including stove and heat.
At 125 percent of the AMI, there is one one-bedroom with a monthly rent of $3,515 for incomes ranging from $76,149 to $139,620, and 46 two-bedrooms with a monthly rent of $4,201 for incomes ranging from $144,035 to $209,625.
At 130 percent of the AMI, there are 11 two-bedrooms with a monthly rent of $4,376 for incomes ranging from $150,035 to $218,010.
Prospective renters must meet income and household size requirements to apply for these apartments. Applications must be postmarked or submitted online no later than December 19, 2024.
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So basically the average income in this area is under $45,000 and so none of these units are for people who live in this area. Fake subsidies.
Or if you look at it through another possible lens, some people that grew up or lived most of their lives in the area are now doing a little better for themselves income wise and for more than one simple reason like wanting to stay near family or aging parent(s) would prefer to remain in the neighborhood they know but “move on up” a little with a better apartment. Why is this scenario never considered by those that constantly complain about “so-called” affordible housing?
Income diversity is a good thing for a neighborhood
Do “affordable” units really require balconies? For most of the year, it is too hot or too cold to use them, though pigeons enjoy them all year.
Maybe those are only on the market rate units. Also of note at 130% of AMI “affordable” is not the same as “low income”
Could one or two sides of these balconies be removed? Thanks.