Apr 9, 2026
KOM Management Launches Affordable Housing Lottery For Bronxwood Rental Project
Traded Media
Traded Editorial
- Affordable housing lottery opens for 15 unit Bronx development
- Three units available at 80 percent AMI with rents up to 2497
- Project developed by KOM Management in Bronxwood
What The Lottery Launch Means For Lease Up Activity
The housing lottery has officially launched for 3030 Colden Avenue in Bronxwood, marking the start of lease-up for this small-scale residential project. KOM Management is behind the development, moving units to market through the city’s housing system as part of its affordability program.
What The Unit Mix Means For Affordable Housing Supply
The building includes 15 total units, with three designated as affordable at 80 percent of the area median income. Available units include one- and two-bedroom layouts with rents exceeding 2,000 per month. This type of project adds incremental supply to the Bronx, where demand for affordable housing continues to outpace availability.
What The Features Mean For Tenant Appeal
Units include energy-efficient appliances, air conditioning, and smart climate controls. Additional amenities, such as an on-site manager and a recycling center, support day-to-day tenant needs. Even at affordable levels, modern features are becoming standard, helping improve leasing performance and tenant retention.
What Location Means For Rental Demand
Bronxwood continues to attract renters seeking lower-cost alternatives within New York City. Smaller developments like this provide accessible entry points for tenants priced out of other boroughs. Affordable units in these neighborhoods typically see strong application volume due to limited supply.
What This Project Means For Investors
This development reflects the ongoing role of smaller-scale projects in addressing housing demand across New York. Affordable housing programs continue to drive consistent occupancy and stable income streams. For landlords and investors, these assets offer predictable performance backed by strong demand and structured rent frameworks.