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Apartments for as Low as $736 per Month Coming to Mott Haven

By Eddie Small | January 20, 2017 11:10am
 The Park Haven affordable housing project is expected to include apartments for as low as $736 per month.
The Park Haven affordable housing project is expected to include apartments for as low as $736 per month.
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EDI International

MOTT HAVEN — Apartments for as low as $736 per month are on their way to Mott Haven as part of a new affordable housing development that will include a fresh food grocery store.

The Park Haven project, which is being spearheaded by development company The Community Builders, should arrive at E. 142nd Street and St. Ann’s Avenue in Mott Haven by 2019 with a total of 166 units.

The majority — 80 percent — of the units will be for tenants earning 60 percent or less of area median income, while 20 percent will be for tenants earning 80 percent of area median income.

► READ MORE: INTERACTIVE: What is AMI?

Rents are currently projected to be between $736 and $1,049 for studios, between $929 and $1,320 for one-bedrooms, between $1,121 and $1,591 for two-bedrooms and between $1,289 and $1,831 for three-bedrooms, according to Community Builders spokeswoman Jacquinn Sinclair.

Approximately 25 percent of the units will be studios; 30 percent will be one-bedrooms; 30 percent will be two-bedrooms; and 15 percent will be three-bedrooms.

Community Builders has partnered on the project with BronxWorks, and roughly 9,000 square feet of the building will be used for a BronxWorks workforce development program, while about 13,000 square feet will be set aside for a fresh food grocery store, according to Sinclair.

Thirty percent of the units will be for formerly homeless families, while 70 percent will be rented through the Department of Housing Preservation and Development's lottery system, Sinclair said. She expects prospective tenants to be able to apply late in 2019.

► READ MORE: How to Apply for Affordable Housing in New York City

The site was previously city-owned land and was awarded to The Community Builders by the city's Housing Preservations Department, which stressed that details about the project would be preliminary until the final financing is secured. Community Builders hopes to wrap up construction financing late this year.