Affordable Housing

Housing lottery launches for 86 apartments in Mount Hope section of the Bronx

  • New Yorkers who earn $24,515 to $140,080 are eligible to apply and rents start at $617
  • The 103-unit building has a laundry room, package lockers, and bike storage
Celia Young Headshot
By Celia Young  |
January 25, 2024 - 9:30AM
A rendering of the 14-story building at 1761 Walton Avenue in the Bronx.

A rendering of the 14-story building between East 175th and East 176th streets.

NYC Housing Connect

Housing lottery applications are open for 86 rent-stabilized apartments at a new development in the Mount Hope section of the Bronx. New Yorkers who earn $24,515 to $140,080 are eligible to apply, depending on the size of the household. Rents start at $617 for a one bedroom.

The building at 1761 Walton Ave. has a laundry room, package lockers, and bike storage lockers. It’s located near the 176th street subway station serving the 4 train and the 174th–175th street station serving the B and D trains.

Applications must be submitted online or postmarked no later than Feb. 13th.

Developers Procidia Development Group and Mt. Hope Housing Corporation broke ground on the 14-story building in 2022, according to the city. It sits near the Mount Hope Community Center on Walton Avenue and holds 103 apartments total. 

The 86 apartments available through the housing lottery are set aside for New Yorkers earning from 30 to 80 percent of the area median income (AMI)—a metric that depends on how many people you live with. Currently the AMI for New York City is $113,000 for a two-person household. The apartments available include one-, two-, and three-bedroom apartments. 

There are 20 one-bedroom apartments available for households earning from $68,092 to $101,680. The rent for these apartments is $1,888 per month. 

The developers have set aside 50 percent of the rent-stabilized apartments for applicants who already live in the area. Future lotteries will use a lower ratio as a result of a lawsuit settlement, which claimed the practice of community preference perpetuates segregation and violates the Fair Housing Act. Read: "NYC agrees to cut percentage of housing lottery units set aside for nearby residents."

Another 5 percent of the units will be preferentially given to NYC employees. A small percentage of the apartments are also set aside for residents with mobility, vision, and hearing needs. 

If you’re interested and think you might qualify for one of these apartments, you can create a profile and apply online via NYC Housing Connect. For details on this particular lottery, click here. Don’t apply more than once, or you could be disqualified.

Winning a rent-stabilized apartment can be life changing: Rent increases are capped and lease renewals are automatic, providing long-term stability for NYC renters. Need more information on how the housing lottery works? Check out “6 steps for applying to NYC's affordable housing lottery.”

For some advice from successful applicants read “How to land a rental apartment through NYC's affordable housing lottery.” And if you or someone you know is having trouble with the application process, consider reaching out to a housing ambassador in the community.

Note: Brick Underground is in no way affiliated with New York City’s Department of Housing Preservation and Development or the Housing Development Corporation. If you are interested in applying to these or other affordable housing developments, please go to NYC Housing Connect for information and instructions.

Have you successfully won an apartment through the affordable housing lottery? If you have first-person advice to share about the process, we’d love to hear from you. Please send us an email. We respect all requests for anonymity.


Celia Young Headshot

Celia Young

Senior Writer

Celia Young is a senior writer at Brick Underground where she covers New York City residential real estate. She graduated from Brandeis University and previously covered local business at the Milwaukee Business Journal, entertainment at Madison Magazine, and commercial real estate at Commercial Observer. She currently resides in Brooklyn.

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