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Affordable housing lottery opens for 623 East 178th Street in Tremont

Affordable housing lottery opens for 623 East 178th Street in Tremont

Built World New York, NY local

Nineteen units at 80 percent of area median income are available in a 99-apartment Bronx building; applications close December 7.

Today: Lottery opens with December 7 deadline

Overview

Updated 5 hours ago

A 12-story building planned where three two-story houses once stood is now taking applications for 19 income-restricted apartments. Rents are $2,283 for a one-bedroom and $2,713 for a two-bedroom, reserved for households at 80 percent of the area median income.

The income range is $92,400 to $146,560, and applications close December 7. The listing shows how New York's 485-x property tax exemption turns a private apartment project into public lottery units.

Why it matters

The lottery offers 19 Bronx apartments below the $3,000 median asking rent for new two-bedrooms, but eligibility starts at $92,400.

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Key Indicators

19
Affordable units in lottery
One one-bedroom and 18 two-bedrooms are listed at 80 percent of area median income.
99
Total apartments
The 12-story building is permitted for 99 dwelling units.
$2,283
One-bedroom monthly rent
The single lottery one-bedroom is priced at $2,283 a month.
$2,713
Two-bedroom monthly rent
Each of the 18 lottery two-bedrooms is priced at $2,713 a month.
80%
Area median income level
All 19 lottery units are restricted at 80 percent of area median income.
$146,560
Maximum eligible income
The top of the income range for a two-bedroom household.

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People Involved

YG
Yonah Grunhut
Developer, Grun Group LLC
Named developer of 623 East 178th Street
NK
Nikolai Katz
Architect
Design architect for 623 East 178th Street

Organizations Involved

GG
Grun Group LLC
Real estate developer
Developer named on the 12-story building permit

Developer named on the 12-story filing for 623 East 178th Street.
EA
East 178 LLC
Property owner
Owner of the assembled lots at 619, 621 and 623 East 178th Street

Property records name East 178 LLC as owner after a November 2025 purchase.
NK
Nikolai Katz Architect
Architecture firm
Design architect for 623 East 178th Street

Firm that filed the 12-story building plans with the Department of Buildings.
NYC Housing Connect
NYC Housing Connect
City affordable housing lottery portal
Administering the lottery for 19 units at 623 East 178th Street

The city's portal for affordable housing lotteries.

Timeline

July 2025 November 2026

11 events Latest: Today Showing 8 of 11
Tap a bar to jump to that date

  1. Lottery opens with December 7 deadline

    Today Lottery

    Nineteen units at 80 percent of area median income begin accepting applications.

  2. Housing Connect lists 19 units

    Listing

    The listing shows rents but no application deadline yet.

  3. More mortgages signed

    Financing

    Two additional mortgages are signed with Northeast Community Bank.

  4. Demolitions signed off

    Permit

    The city signs off on demolition of the three two-story houses.

  5. First building permit issued

    Permit

    The first construction permit for the 12-story building is issued.

  6. 12-story plan approved

    Approval

    Department of Buildings approves the 99-unit, 12-story application.

  7. Earlier 11-story plans withdrawn

    Filing

    The two smaller filings are withdrawn by this date.

  8. East 178 LLC buys the lots

    Acquisition

    The entity signs two mortgages and takes title to 619, 621 and 623.

  9. Demolition filed for three houses

    Filing

    Three two-story houses at 619, 621 and 623 would be razed.

  10. 12-story, 99-unit plan filed

    Filing

    Department of Buildings job X01273665 proposes a new 12-story residential building.

  11. Earlier 11-story plans filed

    Filing

    Filings sought two 11-story buildings at 621 East 178th and 1989 Hughes.

Scenarios

1

Building opens and lottery units lease by mid-2027

Possible Resolves by Q3 2027

Discussed by: RentReboot's lottery tracker and Department of Buildings records

The lottery closes December 7, 2026, and the building has already cleared its first construction permit. If construction stays on pace, the Department of Buildings issues a certificate of occupancy and the marketing agent moves through applications in log-number order.

2

Construction slips past 2027 and lottery units sit unleased

Possible Resolves by End of 2027

Discussed by: VoucherMatch's review of Department of Buildings records

The building had permits but no certificate of occupancy as of mid-October 2026. A financing or construction delay would push leasing beyond the lottery's application window and leave the 19 units in limbo.

Historical Context

One moment from history that rhymes with this story — and how it unfolded.

July-December 2025

Earlier 11-story plan for 621 East 178th Street (2025)

In July 2025, filings sought an 11-story, 60-apartment building at 621 East 178th Street and another 11-story building at 1989 Hughes Avenue. Both were later withdrawn.

Then

By December 11, 2025, the plans were withdrawn.

Now

A separate 12-story, 99-unit plan filed in August 2025 moved forward, and the site's three lots were assembled under East 178 LLC.

Why this matters now

Shows the project that reached Housing Connect was not the first proposal for the block; it replaced a smaller plan and three two-story houses.

Sources

(3)
New York YIMBY VoucherMatch RentReboot