Bronx development Bedford Park Manor received nearly 50,000 applications for 25 units of affordable housing despite the fact that the affordable units in question, which will cost $1,275 for a one-bedroom, are only marginally cheaper than the building's market rate units, which are renting at $1,500 for a one-bedroom and $1,700 for a two-bedroom. (The affordable units, of course, are also rent-stabilized.) [NYDN; previously]
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