Melrose Housing Lottery Opens for Four Units with $2,000 Rent
NYC launches lottery for four affordable units at 936 College Ave, targeting households earning up to 70% AMI. Applications close Sept. 30.
Key points
- Four units at 936 College Ave offer rent starting at $2,000 for studios.
- One-bedroom units cost $2,092 monthly and allow up to three occupants.
- Applicants must submit forms by Sept. 30 and meet strict income caps.
New York City launched a lottery for four affordable units at 936 College Ave. in Melrose. The Bronx Times reports that the building contains sixteen total residential spaces.
Twelve units remain at market rate while four are reserved for income-restricted tenants. Applicants must earn between 70% and 100% of the area median income.
Income Requirements and Unit Mix
Two studio apartments carry a monthly rent of $2,000 each. These units allow a maximum of two occupants per household.
Annual household income for studios must fall between $76,629 and $108,560. Applicants must also keep assets below $135,680 to qualify for these specific units.
Two one-bedroom apartments are available for a monthly rent of $2,092. These larger units accommodate up to three residents per household.
Building Features and Amenities
The five-story structure includes energy-efficient appliances and smart climate controls in every unit. Residents also receive high-speed internet and cable television as part of the lease.
Pets are prohibited in the building except for designated service animals. Tenants pay for electricity, internet, and cable services directly to providers.
Common areas feature WiFi access and security cameras throughout the property. An outdoor terrace provides additional space for residents to use.
Application Deadline and Location
Applications must be postmarked or submitted online by September 30. Qualified applicants must meet additional selection criteria beyond basic income limits.
