<body><div><figure><img src="https://img.particlenews.com/image.php?type=thumbnail_580x000&amp;url=2rEMEt_0wAu5Qz500" alt="https://img.particlenews.com/image.php?url=2rEMEt_0wAu5Qz500" width="634" height="423" ><figcaption>The building is near two subway stations, with access to the&nbsp;4, B, and D trains.</figcaption></figure>Housing lottery applications are open for 20 rent-stabilized apartments at a new development in the Bronx’s Fordham North neighborhood. New Yorkers who earn $105,223 to $181,740 are eligible to apply, depending on the size of the household. Rents start at $3,069 for a studio.The six-story building at 114 East 198th St. has an elevator, shared laundry room, and in-unit air conditioners. It’s located just south of the Bedford Park Blvd.-Lehman College station, serving the 4 train, and the Bedford Park Blvd. subway station, serving the B and D trains.The building replaced a two-story residential property near the corner of Grand Concourse and East 198th Street, according to Department of Finance records. The apartments are set aside for New Yorkers earning 130 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 both studios and one-bedroom units.There are 17 studio apartments available for households earning from $105,223 to $161,590, depending on the number of people you live with. The rent for these apartments is $3,069. Applications must be submitted online or postmarked no later than Dec. 10th.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.</div></body>

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Housing lottery launches for 20 rent-stabilized apartments in Fordham

Housing lottery applications are open for 20 rent-stabilized apartments at a new development in the Bronx’s Fordham North neighborhood. New Yorkers who earn $105,223 to $181,740 are eligible to apply, depending on the size of the household. Rents start at $3,069 for a studio. The six-story building at 114...