The affordable housing lottery has launched for 114 East 198th Street, a five-story residential building in Fordham, The Bronx. Designed by Baobab Architects and developed by Joel Mandel under the 114 East 198 BSD, LLC, the structure yields 20 residences. Available on NYC Housing Connect are 20 units for residents at 130 percent of the area median income (AMI), ranging in eligible income from $105,223 to $181,740.
Amenities include an elevator and a shared laundry room. Units come equipped with air conditioning, intercoms, and name-brand kitchen appliances, countertops, and finishes. Tenants are responsible for electricity.
At 130 percent of the AMI, there are 17 studios with a monthly rent of $3,069 for incomes ranging from $105,223 to $161,590, and three one-bedrooms with a monthly rent of $3,253 for incomes ranging from $111,532 to $181,740.
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 10, 2024.
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