The affordable housing lottery has launched for 2413 Third Avenue, a 27-story mixed-use building in Mott Haven, The Bronx. Designed by Cetraruddy Architecture and developed by RXR, the structure yields 200 residences. Available on NYC Housing Connect are 60 units for residents at 130 percent of the area median income (AMI), ranging in eligible income from $92,572 to $227,630.
The affordable housing lottery has launched for 477 Gerard Avenue, a 13-story residential building in Mott Haven, The Bronx. Designed by Michael Kang Architecture and developed by Jai Ganesh Realty, the structure yields 66 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 $61,715 to $198,250.
The affordable housing lottery has launched for 1182 Ogden Avenue, a seven-story residential building in Highbridge, The Bronx. Designed by Tan Architect and developed by Fabian Ramirez under the 1174 Ogden LLC, the structure yields 21 residences. Available on NYC Housing Connect are seven units for residents at 130 percent of the area median income (AMI), ranging in eligible income from $73,715 to $165,230.
Permits have been filed for a 14-story mixed-use building at 1320 Inwood Avenue in Mount Eden, The Bronx. Located between West 170th Street and Clarke Place West, the lot is near the 170th Street subway station, serviced by the 4 train. Ralph Fasano of the Concern for Independent Living is listed as the owner behind the applications.
The Community Lending and Investment division of Wells Fargo has reached a new milestone, $780.3 million in construction financing for affordable housing projects in New York City and Westchester County. The figure represents five loans, all closed in June 2023, the company’s largest-ever half-cycle allocation.
