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NEWLY CONSTRUCTED APARTMENTS FOR RENT

St. Ann's Terrace is pleased to announce that applications are now being accepted for 380 affordable housing rental apartments th now under construction at 601 & 609 East 156 Street, 756, 780, 800, and 820 St. Ann's Avenue in the Melrose section of The Bronx. These buildings are being constructed through the Low-Income Affordable Marketplace Program (LAMP) and the New Housing Opportunities Program (NEW HOP) of the New York City Housing Development Corporation and the Low-Income Rental Program (LIRP) of the New York City Department of Housing Preservation and Development. The size, rent, and targeted income distribution for the 380 apartments are as follows:

# Apts. Available

5 25 16 77 13 35 102

Apartment Size

Studio Studio Studio 1 Bedroom 1 Bedroom 1 Bedroom 2 Bedroom

Household Size*

1 1 1 1 2 1 2 1-2 2 3 4 2 3 4 1(i) 2 3-4 3 4 5 6 3 4 5 6 3 4 5 6 2 - 4(ii) 5-6

Monthly Rent**

$643 $732 $873 $782 $811 $1,099 $943

Total Annual Income Range *** Minimum Maximum

$23,829 - $33,300 $26,880 - $33,300 $29,931 - $55,500 $28,629 - $33,300 $28,629 - $38,040 $29,623 - $33,300 $29,623 - $38,040 $37,680 - $63,400 $34,183 - $38,040 $34,183 - $42,780 $34,183 - $47,520 $35,349 - $38,040 $35,349 - $42,780 $35,349 - $47,520 $45,360 - $63,400 $45,360 - $71,300 $45,360 - $79,200 $34,115 - $35,650 $34,115 - $39,600 $34,115 - $42,800 $34,115 - $45,950 $39,635 - $42,780 $39,635 - $47,520 $39,635 - $51,360 $39,635 - $55,140 $41,040- $42,780 $41,040 - $47,520 $41,040 - $51,360 $41,040 - $55,140 $52,423 - $79,200 $52,423 - $91,900

19

2 Bedroom

$977

57

2 Bedroom

$1,323

3

3 Bedroom

$928

9

3 Bedroom

$1,089

5

3 Bedroom

$1,130

14

3 Bedroom

$1,529

*Subject to Occupancy Criteria **Includes gas for cooking (i) Households of 2 or more will be given preference for 2 bedroom units (ii) Households of 3 or more will be given preference for 3 bedroom units

***Income guidelines subject to change

Qualified Applicants will be required to meet income guidelines and additional selection criteria. To request an application, mail a th SELF ADDRESSED STAMPED ENVELOPE to: St. Ann's Terrace c/o: The Wavecrest Management Team, 87-14 116 Street, Richmond Hill, NY 11418, or download from www.stannsterrace.com. Completed applications must be returned by regular mail only (no priority, certified, registered, expressed or overnight mail will be accepted) to a post office box number that will be listed with the application, and must be postmarked by 11/30/10. Applications postmarked after 11/30/10 will be set aside for possible future consideration. Applications will be selected by lottery; applicants who submit more than one application will be disqualified. Disqualified applications will not be accepted. A general preference will be given to New York City residents. Current and eligible residents of Bronx Community Board 1 will receive preference for 50% of the units. Eligible households that include persons with mobility impairments will receive preference for 5% of the units; eligible persons that include persons with visual and/or hearing impairments will receive preference for 2% of the units; and eligible City of New York Municipal Employees will receive a preference for 5% of the units. No Broker's Fee. No Application Fee. MICHAEL R. BLOOMBERG, Mayor New York City Department of Housing Preservation and Development RAFAEL E. CESTERO, Commissioner New York City Housing Development Corporation MARC JAHR, President www.nyc.gov/housing

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