Housing lottery opens for 129 rent-stabilized apartments in the Bronx’s Tremont neighborhood
- New Yorkers who earn $18,840 to $134,820 are eligible to apply, and rents start at $465 for a studio
- The 11-story building is near Walter Gladwin Park to the northeast and Crotona Park to the south
A rendering of the 11-story building at 656 East 176th St., which replaced three parking lots between Belmont and Crotona avenues.
Housing lottery applications are open for 129 rent-stabilized apartments at a new development at 656 East 176th St. in the Bronx. New Yorkers who earn $18,840 to $134,820 are eligible to apply, depending on the size of the household. Rents start at $465 for a studio.
The building, located just north of the Cross Bronx Expressway, has a shared laundry room, terrace, playground, elevator, bike storage lockers, and a recreation room. It sits near Walter Gladwin Park, and is just under a mile from the 174th Street subway station, serving the 2 and 5 lines.
Built by Mastermind Development, the 11-story building replaced three parking lots, including two city-owned sites, according to City Planning Commission records. The project has been in the works since 2018, though the family-owned developer first acquired a portion of the lot in the late 1990s.
The apartments are reserved for New Yorkers earning from 30 to 70 percent of the area median income (AMI)—a metric that depends on how many people you live with. Currently the AMI for New York City is $124,300 for a two-person household. The apartments available include studios as well as one-, two-, and three-bedroom apartments.
There are 41 one-bedroom apartments available for households earning from $60,789 to $97,860. The rent for these apartments is $1,689 per month.
The developers have set aside 20 percent of the rent-stabilized apartments for applicants who already live in the area. Future lotteries will use a lower ratio as a result of a lawsuit settlement, which claimed the practice of community preference perpetuates segregation and violates the Fair Housing Act. Check out: "NYC agrees to cut percentage of housing lottery units set aside for nearby residents."
Another 5 percent of the apartments will be preferentially given to NYC employees. A small percentage of the apartments are also set aside for residents with mobility, vision, and hearing needs.
Applications must be submitted online or postmarked no later than Oct. 21st.
If you’re interested and think you might qualify for one of these apartments, you can create a profile and apply online via NYC Housing Connect. For details on this particular lottery, click here. Don’t apply more than once, or you could be disqualified.
Winning a rent-stabilized apartment can be life changing: Rent increases are capped and lease renewals are automatic, providing long-term stability for NYC renters. Need more information on how the housing lottery works? Check out “6 steps for applying to NYC's affordable housing lottery.”
For some advice from successful applicants read “How to land a rental apartment through NYC's affordable housing lottery.” And if you or someone you know is having trouble with the application process, consider reaching out to a housing ambassador in the community.
Note: Brick Underground is in no way affiliated with New York City’s Department of Housing Preservation and Development or the Housing Development Corporation. If you are interested in applying to these or other affordable housing developments, please go to NYC Housing Connect for information and instructions.
Have you successfully won an apartment through the affordable housing lottery? If you have first-person advice to share about the process, we’d love to hear from you. Please send us an email. We respect all requests for anonymity.
