Owners & management · 10/16/2026
58 affordable Bronx co-ops completed in Soundview, starting at $145,632
Governor Hochul announced on October 14 that Stevenson Square Phase I in Soundview is complete. The $53 million phase built 58 co-ops at 1843 and 1847 Seward Avenue, funded in part by HPD's Open Door program and sold through a 2025 Housing Connect lottery. Buyers needed a 5% down payment, and the homes carry resale restrictions to stay affordable.
SReported by Secret NYCRead the original ↗
What happened
Governor Kathy Hochul announced on October 14 that Stevenson Square Phase I in Soundview, the Bronx, is complete. The phase created 58 new co-op homes for buyers earning up to 80% of Area Median Income (AMI), at an average sales price of about $204,000. NYS Homes and Community Renewal (HCR) also put out the completion announcement for the 58-unit homeownership development. Secret NYC reported the details on location, prices and eligibility.
The co-ops are in two new four-story buildings at 1843 and 1847 Seward Avenue, designed by WXY Architecture + Urban Design. There are 11 one-bedrooms starting at $145,632, 31 two-bedrooms starting at $189,000 and 16 three-bedrooms starting at $191,500. Those were the starting prices in the 2025 lottery. Prices ranged from about $145,600 to $264,500, depending on unit size and income tier. Every unit has a dishwasher and an in-unit washer and dryer. Next door, a six-story building at 1841 Seward Avenue holds 117 rental apartments for seniors 62 and older earning up to 50% of AMI.
The homeownership phase cost $53 million. Funding included about $21.2 million from HPD's Open Door program, $11.6 million from HCR's Affordable Homeownership Opportunity Program, and $3.8 million in capital funding from Council Member Amanda Farías, former Council Member Ruben Diaz Sr. and former Bronx Borough President Ruben Diaz Jr. Habitat for Humanity New York City and Westchester County partnered on the homeownership side. HPD also financed the senior rental building. Open Door homes carry resale restrictions so they stay affordable for the next buyer.
The 58 co-ops are no longer open for applications. They went through the NYC Housing Connect lottery in summer 2025, and applications closed on August 25, 2025. Camber Property Group, which bought the 948-unit Mitchell-Lama campus in 2017, plans two more phases of affordable rentals. HPD says the full plan will bring more than 700 new affordable homes to the Bronx.
Key facts
- Address
- Co-ops at 1843 and 1847 Seward Avenue; senior rentals at 1841 Seward Avenue, Soundview, Bronx
- Units
- 58 co-ops (11 one-bedrooms, 31 two-bedrooms, 16 three-bedrooms) and 117 senior rentals
- Prices
- About $145,600 to $264,500 in the 2025 lottery; average about $204,000
- Income limits
- Buyers up to 80% of AMI (70% and 80% tiers); senior rentals up to 50% of AMI, age 62 and older
- Developer
- Camber Property Group, with WXY Architecture + Urban Design; Habitat for Humanity NYC and Westchester County on homeownership
- Agencies
- HPD (Open Door, about $21.2 million) and HCR (Affordable Homeownership Opportunity Program, $11.6 million)
- Cost
- $53 million for the homeownership phase; $1 billion for the full three-phase plan
- Deadline
- Lottery applications closed August 25, 2025; no longer open
What it means
Buyers and owners
These 58 homes are already sold through the 2025 lottery, but it shows how future Open Door sales work. In that lottery, buyers needed a 5% down payment held in their account for three months before the eligibility appointment, had to live in the home and pay monthly maintenance, and faced resale restrictions.
Tenants and voucher holders
Phases II and III are planned as affordable rentals, so renters should watch NYC Housing Connect for those listings. The material does not say whether vouchers will be accepted or what rents will be.
Caseworkers
Clients interested in future Open Door co-ops or the next Stevenson Square rentals should create a NYC Housing Connect profile now and check listings regularly. Clients in Bronx Community District 9 should note that 20% of Phase I co-ops were set aside for local residents; questions can go to 311.
The highlights
- Average sales price is about $204,000 for buyers earning up to 80% of AMI.
- 1841 Seward Ave adds 117 rentals for seniors 62+ earning up to 50% of AMI.
- Lottery closed Aug. 25, 2025; HPD says later phases bring 700+ affordable homes.
Why it matters
Later Stevenson Square phases will add affordable rentals, so caseworkers and clients should watch Housing Connect for new lotteries.
What to do: Create a NYC Housing Connect profile and check for future Open Door and Stevenson Square listings.
Not known yet
- Monthly maintenance charges for the co-ops
- Rents for the 117 senior apartments and whether they accept vouchers
- When Phases II and III will open for lottery applications
- How long the resale restrictions last and how resale prices are set
Background
In New York City, most new affordable homes, both rentals and homeownership units, are filled through lotteries on NYC Housing Connect. Applicants create a profile, apply to specific listings before a deadline, and are later selected at random and screened for income, household size and other rules. Projects often set aside a share of units for residents of the local community district. Income limits are tied to Area Median Income, which HUD updates each year.
Also drawn from: Governor Hochul Announces Completion of 58-Unit Affordable Homeownership Development in The Bronx (NYS Homes and Community Renewal (HCR))
Summary written by Bulwark from Secret NYC’s reporting. The original story is at secretnyc.co. This is general information, not legal advice.
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Photo: Andre Carrotflower, CC BY-SA 4.0