Now available: Truly affordable apartments in The Bronx starting at $465 a month

A new lottery has launched for brand new affordable housing in The Bronx via New York City's Housing Connect portal.

The development, known as Belmont Cove, is located at 656 E 176th Street in the Tremont neighborhood of The Bronx, features amenities like a shared laundry room, bike storage lockers, a playground, a recreation room, an outdoor terrace, and even a storage room.

A rendering of Belmont CovePhoto byvia Housing Connect

Rents at Belmont Cove are truly affordable, at least for a portion of the units, compared to other recent offerings at Housing Connect in the past year that weren't truly affordable, with rents starting as low as $465 a month for a studio, $591 for a 1 bedroom unit, $700 for a two-bedroom apartment, and $800 for a three-bedroom.

A breakdown of available units and income requirements are as follows (see website for full details and household size requirements):

30% of Area Median Income

• $465 a month for a studio for households making $18,480-$37,290
• $591 a month for 1 bedroom units for households making $23,143-$41,940
• $700 a month for 2 bedroom units for households making $27,738-$50,310
• $800 a month for 3 bedroom units for households making $32,023-$54,030

50% Area Median Income

• 921 a month for studio units for households making $34,115-$62,150
• $1,159 a month for 1 bedroom units for households making $42,618-$69,900
• $1,383 a month for 2 bedroom units for households making $51,155-$83,850
• $1,589 a month for 3 bedroom units for households making $59,075-$96,300

70% Area Median Income

• $1345 a month for studio units for households making $48,652-$87,010
• $1,689 a month for 1 bedroom units for households making $60,789-$97,860
• $2,018 a month for 2 bedroom units for households making $72,926-$117,390
• $2,323 a month for 3 bedroom units for households making $84,240-$134,820

Please note, for each unit, there are other requirements such as number of people per household and further income requirements based on household size so refer to the Housing Connect website for further details.

How to Apply

For those interested in applying, you have until October 21, 2024 and you can do so online or you can request an application by mail by sending a self-addressed envelope to: 1465 Nelson Avenue, Suite A, Bronx, NY 10452

Remember, you can only apply ONCE and you may not apply both online and by mail. Applying more than once can and will disqualify you according to the lottery rules.

Also, please note: We are NOT connected with this or any other real estate developments and cannot assist you in obtaining an apartment so please do not contact us regarding these units.

Good luck to all who apply!