A new construction one-bedroom in the Norwood section of the Bronx, near Woodlawn Cemetery and Van Cortlandt Park, could set you back an average of $1300 a month, per StreetEasy. But at the newly constructed Norwood Terrace Apartments, you could have one for as low as $769/month.
Only a single one-bedroom at this project—a 115-unit structure developed and managed by the nonprofit Concern for Independent Living, that will also provide apartments for the chronically homeless with psychiatric disabilities— is going for that price, according to NYC Housing Connect, but 16 other one-bedrooms are up for grabs for a still-manageable $931/month; two-bedrooms are going for $929/month to $1124/month; and three-bedrooms, $1292/month. All in all, there are 56 apartments available in the building, which is located at 3349 Webster Avenue.
As usual there are caveats: The minimum income to qualify for the building is $27,772; the maximum for a family of two is $41,460; a family of three, $46,620; a family of four, $51,780; a family of five, $55,980, and a family of six, $60,120. Plus, you also have to win the housing lottery, of course.
Applications are due November 30. If you think you might qualify, brush up on our tips here, and either apply online via NYC Housing Connect, or request an application by mail by sending a self-addressed envelope, to Norwood Terrace Apartments, 1357 Broadway Box 309, NY, NY 10018. (Note, you should do one or the other, but not both: Anyone who sends in multiple applications could be disqualified.)
Note: BrickUnderground is in no way affiliated with New York City public housing. If you are interested in applying to this or other affordable housing developments, please go to the NYC Housing Connect website for information and instructions.