Project: 120 West 169th Street
Quote:
The project, on the corner of Nelson Avenue, is being developed by the Briarwood Organization on behalf of the Highbridge Community Development Corporation. The building will have 60 apartments, including five studios, 31 one-bedrooms and 21 two-bedrooms, and construction is projected to cost $18 million
Developed in partnership with the city’s Department of Housing Preservation and Development, renters into the building will be required to make between 30 percent and 60 percent of the area median income. In practical terms, this means household incomes will top out in the $50,000s for families of four (at least on the date they sign the lease), with most units renting to couples and individuals making much less.
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http://www.yimbynews.com/2014/11/rev...dge-bronx.html