For over a year, there have been less and less truly affordable housing developments opening up in The Bronx that the majority of local residents can actually afford let alone qualify for due to income requirements that are often beyond the reach of the average household in the borough.
And now, almost every development that has been offered on New York City’s Housing Connect portal where affordable housing lotteries are announced are anything but affordable.
For a time, most of these (un)affordable housing units were located mostly in the South Bronx, with over 95% of them within Mott Haven but now as of late, we’ve seen more and more miles away and further north from the borough’s ground zero of gentrification.
Located at 2077 Ryer Avenue in the Fordham Heights section of The Bronx, the new development is offering “affordable” one and two bedroom units ranging from $3,515 a month for one bedroom units to $4,376 a month for a two-bedroom unit.
For the record, the typical two-bedroom unit in the area list for anywhere from $1,800 to $2,400 a month.