Bronx Lottery Opens for Affordable Apartments in New Allerton Building

New York, NY – A new opportunity for affordable housing has opened in the Bronx. The lottery for 790 Allerton Avenue, a modern seven-story building in the Allerton neighborhood, is now accepting applications. Developed by 790 Allerton LLC and designed by Michael S. Mazzella, the building offers 43 residences with a range of amenities.

This mixed-use development boasts a garage, gym, elevator, and a rooftop terrace for residents to enjoy. Inside, each unit comes equipped with modern conveniences like washers and dryers, air conditioning, and energy-efficient appliances.

“We’re excited to offer these lovely, modern apartments to the community at an affordable price,” said Louis Vele, developer of 790 Allerton LLC. “Our goal is to provide quality housing options for New Yorkers.”

Thirteen units are available through NYC Housing Connect for residents earning 130% of the area median income (AMI). Eligible income ranges from $86,400 to $218,010, depending on household size.

Available Units:

One-Bedroom: Eight units available for $2,520 per month. Eligible income range: $86,400 to $181,740.
Two-bedroom: Five units available for $2,795 per month. Eligible income range: $95,829 to $218,010.

Tenants will be responsible for their electricity, including heat, stove, and hot water.

The application deadline for the 790 allerton Avenue lottery is January 24, 2025. Interested applicants must meet income and household size requirements. Applications can be submitted online or postmarked by the deadline.

Affordable Housing Hope: A Q&A on the 790 Allerton Avenue lottery

Maria: Hey Malik, have you heard about those new apartments opening up in Allerton? They seem really nice, and even better, they’re affordable!

Malik: No, I haven’t. Tell me more! Affordable is definitely a good thing in this city.

Maria: It’s called 790 Allerton Avenue, and it’s a brand new building.They’re offering 43 apartments, with a mix of one and two-bedroom units.

Malik: Wow, that’s a decent number. What makes these apartments affordable?

Maria: Well, they have a lottery system through NYC Housing Connect.

Malik: Okay, so not everyone can just apply, right? There are income requirements?

Maria: Exactly! You have to meet certain income guidelines to be eligible. but it’s a great opportunity for people who are struggling to find affordable housing in the city.

Malik: I know a few people who could really benefit from this.Where can they find more information and apply?

Maria: you can find all the details on the NYC Housing Connect website. The deadline to apply is January 24th, so they should act fast!

New Affordable Housing Option Opens Doors for Middle-Income New Yorkers

New York, NY – Finding affordable housing in New York City can feel like an impossible dream for many. But a new development in the Bronx is offering a glimmer of hope for middle-income residents.

The building, located at 790 Allerton Avenue, is offering 100 apartments through the city’s affordable housing lottery.

“You have to make 130% of the area median income,” explained Maria, a housing advocate familiar with the project. “for a one-bedroom, the eligible income range is between $86,400 and $181,740, depending on the size of your household.”

This income range targets a demographic frequently enough squeezed out of the city’s housing market: those who earn too much to qualify for conventional low-income housing but still struggle to afford market-rate rents.

“It’s aimed at middle-income New Yorkers who are finding it tough to afford decent housing,” Maria said.

And “decent” is an understatement. The building boasts a range of amenities, including a garage, gym, elevator access, and a rooftop terrace. Inside each unit, residents will enjoy modern appliances, air conditioning, and in-unit washer and dryers.

“Now that’s what I call modern living!” remarked Malik, a potential applicant.

Louis Vele, the developer from 790 Allerton LLC, emphasizes the project’s commitment to providing quality housing options for New Yorkers.

Applications for the lottery are being accepted through the NYC Housing Connect website until January 24, 2025.

“That gives people some time to get their applications in,” Malik said. “Thanks for the info, Maria. I’ll definitely check it out!”

Allerton, Bronx Residents Rejoice at New Affordable Housing Opportunities

Bronx residents are gaining access to much-needed affordable housing options thanks to a new development at 790 Allerton Avenue. The modern seven-story building offers 43 residences with a variety of desirable amenities, including a garage, gym, elevator, and rooftop terrace.

In an exclusive interview with NewDirectory3.com, Louis Vele, developer of 790 Allerton LLC, expressed his excitement about contributing to the community. “We’re thrilled to offer these stunning, modern apartments to the community at an affordable price,” he stated. “Our mission is to provide quality housing options for New Yorkers who deserve a comfortable and convenient place to call home.”

Thirteen units in the building are being made available thru the NYC Housing Connect programme, specifically targeting residents earning 130% of the area median income (AMI). This translates to eligible income ranges from $86,400 to $218,010, depending on household size.

Available units include:

• One-Bedroom: Eight units available for $2,520 per month. Eligible income range: $86,400 to $181,740.
• Two-bedroom: Five units available for $2,795 per month. Eligible income range: $95,829 to $218,010.

Tenants will be responsible for their electricity, including heat, stove, and hot water.

The application deadline for the lottery is rapidly approaching,set for January 24,2025. Interested applicants must meet the income and household size requirements and can submit applications online or by mail.

This new development signifies a ray of hope for many Bronx residents seeking affordable and comfortable housing options. As the deadline for applications looms, many are eagerly anticipating the possibility to call 790 Allerton Avenue their new home.