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Bronx’s Tremont neighborhood offers up 255 affordable apartments from $822/month

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They’re part of the 12-story development near the Tremont Metro North station that’s called Tremont Renaissance

Via Mastermind Development

Nearly two years after this massive affordable housing development was announced in Bronx’s Tremont neighborhood, the affordable housing lottery is now underway on the building’s 255 apartments.

Located at 4215 Park Avenue, Tremont Renaissance, as this building is known, is a 12-story mixed-use project developed by Mastermind Development in collaboration with the city’s Department of Housing Preservation and Development (HPD), and the Housing Development Corporation (HDC).

The building’s 255 units come in studio through three-bedroom variants with rents on the studios starting at $822/month. The apartments here are being offered in three income bands: 60, 100, and 120 percent of the area median income, which translates to incomes ranging from $30,069/year to $145,200/year depending on family size and unit type.

Residents in the building, which is less than a block away from the Tremont Metro-North station, will also have access to a host of amenities. These include a fitness center, a children’s play area, a computer lab, a roof deck, laundry on-site, a courtyard, and a residents lounge. The building will also have 40,000 square feet of ground-floor retail, and the overall project was developed at a cost of $117 million.

The development is part of Mayor Bill de Blasio’s Affordable Housing 2.0 agenda, which is looking to create and preserve 300,000 affordable units by 2026. Prospective tenants for Tremont Renaissance have until June 29 to apply.