An affordable housing lottery is now accepting applications for 2246 Bathgate Avenue, a four-story residential building located in East Tremont, The Bronx, according to New York YIMBY. The project was designed by GRID Drafting and Consulting and developed by Gjergj Bujaj, yielding a total of 14 residences. Three of those units have been made available through NYC Housing Connect, targeting households earning at 80 percent of the area median income (AMI). Eligible income for applicants to those three units ranges from $75,840 to $108,560 annually.
ParkPoint Perspective
A 14-unit, four-story building delivering just three affordable units suggests that small-scale infill development in the Bronx continues to operate at the margins of affordability mandates. This signals that shallow AMI targeting at the 80 percent threshold — rather than deeper affordability bands — may be the practical ceiling for smaller developers navigating land, construction, and financing costs in supply-constrained outer-borough submarkets. Investors may read this as a reminder that meaningful affordable supply gains in these neighborhoods depend heavily on project scale and capital structure.
Source: New York YIMBY