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NYC Department of Housing Preservation & Development
Press Room

FOR IMMEDIATE RELEASE

April 15, 2004

Press contact: Carol Abrams (212) 863-5176

APPLICATIONS AVAILABLE TO BUY NEWLY CONSTRUCTED, TWO-FAMILY HOMES IN THE SOUTH BRONX

The New York City Department of Housing Preservation and Development (HPD) announces that applications are now available for 14 newly constructed buildings in the South Bronx. Each building contains an owner's three-bedroom duplex apartment and a two-bedroom rental unit.

Eligible buyers must have annual incomes between approximately $45,000 and $56,000, at least 3% of the purchase price in cash for the down payment (between $8,000 and $9,000), additional funds for closing costs and the ability to qualify for mortgage financing. Assistance with closing costs will be available.

The following are the building addresses: 642, 644, 646 and 694 St. Ann's Avenue; 631, 633, 642A, 645, 649, 651 and 653 Eagle Avenue; and 816, 826 and 828 Tinton Avenue.

Residents in Bronx Community District 1 will receive preference for 50% of the buildings. Uniformed members of the New York City Police Department will receive preference for 5% of the homes.

For an application, please send a self-addressed business-size envelope (4 1/8 X 9 1/2) to: NHS Housing Development Fund Corporation, P.O. Box 2575, New York, NY 10116. Applications must be postmarked no later than May 31, 2004. Applications postmarked later than this date will be set aside for possible future consideration.

An informational seminar will be held in the Bronx on Thursday, April 22, 2004 from 6:00 p.m. to 8:00 p.m. in the 1st Floor Conference Center / Auditorium of the Lincoln Medical and Mental Health Center, 234 Eugenio Maria De Hostos Boulevard at 149th Street in the Bronx.

HPD's mission is to promote quality housing and viable neighborhoods for New Yorkers. The department is the nation's largest municipal housing development agency. Since Fiscal Year 1987, the agency has completed the construction or rehabilitation of 212,000 units of affordable housing. For more information about affordable housing, call the City's Citizen Service Center at 311 or log on to www.nyc.gov/hpd

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