Jennings Terrace Gardens HDFC

Jennings Terrace Gardens HDFC is a 42-unit, 3 building co-op located at 749-759-763 Jennings St. in the Bronx. The co-op was renovated under the Multifamily Homeownership Program and includes two community gardens. All three buildings are walk-ups. 

UHAB is accepting applications on behalf of the cooperative to purchase in 2 available two bedrooms and 2 available three bedrooms. 

Community Notes: 

Address 749 – 763 Jennings St., Bronx, NY 10459 
Subway/Bus Trains: 2, 3 Buses: BX 17, BX 21, BX 35 
Schools   Community School 134, Junior High 136 
Library Morrisania Library 
Community Board Bronx Community Board 3 

Household Size, Income and Asset Requirements: 

Because HDFCs are created to serve the housing needs of low- and moderate-income families, no household may be over the maximum income listed below. The 2022 eligible household sizes, income and asset limits for the two bedroom apartments are as follows: 

Eligible Household Sizes Minimum Income Required Maximum Income allowed (80% of AMI) Asset Limit 
2 person $57,187 $85,440$208,775 
3 people $57,187 $96,080$208,775 
4 people $57,187 $106,720$208,775 
5 people $57,187 $115,280$208,775 

The 2022 eligible household sizes, income and asset limits for the three bedrooms apartments are as follows: 

Eligible Household Sizes Minimum Income Required Maximum Income allowed (80% of AMI) Asset Limit 
3 people $68,982 $96,080$208,775 
4 people $68,982 $106,720$208,775 
5 people $68,982 $115,280$208,775 
6 people $68,982 $123,840$208,775 

Monthly Maintenance Fee and Purchase Price: 

The monthly maintenance fee includes all co-op common charges shared by the owners, including: heat and hot water, common electricity, all property taxes, water and sewer taxes, co-op corporation debt service, building insurance, property management and common area maintenance. Owners are responsible for their own electric utility bill and individual apartment mortgage payments. See chart below for maintenance fee and sales price information for the available studio apartment: 

Apartment Size # Available  Square Footage Estimated 2022 Purchase Price Estimated Monthly Maintenance Fee 
2 bedroom 2-5 people 590 Sq. Ft. $29,965 $1,017.46 
3 bedroom 3-6 people 825 Sq. Ft. $35,958 $1,243.28 

TO APPLY:  

Download the application here and follow instructions within the application to submit by paper mail or email. Applications will be accepted on a rolling basis.