What was once Pep Boys will soon be one of downtown’s first high-rises with an 80/20 mix of market rate and affordable housing.
Located at 474 Warren Street, the 35-story VYV (formerly Hudson Exchange West) will offer 85 affordable apartments via a recently announced lottery. The units will be a mix of “junior” one bedrooms ($954/month), one bedrooms ($1,022/month), and two-bedroom ($1,194/month) apartments.
In order to qualify, applicants will have to meet different income criteria for the different units. For instance, a single person applying for a junior 1BR cannot have a gross annual income higher than $48,200, whereas a 4-person household seeking a 2BR unit cannot make over $68,800.
Building amenities include 24/7 concierge services, a lounge, outdoor deck, a gym with three group fitness studios, and a pool and hot tub.
Jersey City residents will get preference and anyone who’s interested has until July 31 to apply via VYV’s affordable housing website.
(Photo: VYV)
I see there’s been a few changes, especially with the address and name of the building. I’m wondering what VYV stands for. Would it be possible to find out if there other buildings in Jersey City offering affordable housing? I did have an email from the Mayor’s office, giving locations of construction sites in progress or still in the planing stage. How can I get my hands on that, just in case I don’t win the lottery? Thank you.
There’s a navigator you can use to see affordable housing throughout all of JC. Here is the link: http://data.jerseycitynj.gov/showcase/affordable-housing-navigator
Thank you for replying. I’ve visited that link. Unfortunately, it doesn’t have as many sites as it did earlier this year or late last year. Of those sites still being shown, they are in areas I was told not to consider, for safety reasons. If I don’t get into VYV, there’s still Plan B. BTW, do you know what VYV stands for? Thank you again.
Unfort, I don’t. It might stand for something, but there’s no mention of it on their site!
I know. That’s why I’m curious. Guess it’s because I’m a Gemini. Hopefully, they will show more pictures besides the kitchen and bathroom. Like to know what the living and bedrooms look like and what type of view they might have, depending on the location of the apartment in the building. Would also like to know the square footage of the two bedrooms. But that, with other questions answered, will be revealed when they finally open their official websites. Thanks again.
“In order to qualify, applicants will have to meet different income criteria for the different units. For instance, a single person applying for a junior 1BR cannot have a gross annual income higher than $48,200,”
This is a community where the average wage is under 30K, and the average for People of Color is 22.5k.
This is what racism and class bigotry looks like. It is ugly and disgusting.
Hello Tony. I am a man of color who retired on June23rd. I put in my application and am hoping for the best. In case you didn’t know, a week ago, they hiked the rents almost $300 for each apartment. After a minor, but loud, series of complaints, the rents were returned to their original amount. I do not know if this is racism, class bigotry, ugly or disgusting. If I get in, fine. If not, there’s always Plan B.
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