The Peninsula, a new affordable housing project in Hunts Point, will soon begin accepting applications via the city’s Housing Connect portal.
Yet most of its 183 units will be financially out of reach to the lowest income families, according to city data.
Only one out of five of the apartments in the soon-to-be-completed low-income housing development will be available for families who are homeless or whose income puts them in the lowest financial rung. For a family of three, that’s below $32,220.
Similar patterns can be found in projects dubbed “affordable” throughout the city, according to government data.
Still, even at 20%, The Peninsula will offer more “extremely low-income” units than most publicly subsidized developments.
Special Report: On the Waterfront
Learn more about how lotteries for affordable housing work and how Area Median Income (AMI) is calculated. These explanatory features are part of On the Waterfront, a special report on development in the South Bronx from The Hunts Point Express and Mott Haven Herald.