"The Doe Fund and Urban Builders Collaborative Launch 'Affordable' Housing Lottery for 3118 Webster Avenue in Norwood, The Bronx"

The Doe Fund and Urban Builders Collaborative have once again jumped on the affordable housing bandwagon, launching a housing lottery for their latest project, 3118 Webster Avenue in Norwood, The Bronx. The 11-story mixed-use building, designed by Curtis + Ginsberg Architects, boasts 109 residences, but don't be fooled by the term 'affordable' - it's all relative.

Available on NYC Housing Connect are 69 units for residents at 40 to 80 percent of the area median income (AMI), ranging in eligible income from $27,738 to $160,720. But let's not forget that the AMI for New York City is $68,375, meaning these 'affordable' units are still out of reach for many low and middle-income families.

"It's a slap in the face to call these units affordable," says local resident and housing advocate Maria Lopez. "Developers like The Doe Fund and Urban Builders Collaborative are using terms like 'affordable' to justify their luxury projects and push out the very communities they claim to be helping."

The Doe Fund and Urban Builders Collaborative have a history of controversial development projects, often facing opposition from community members who are concerned about displacement and gentrification. And yet, they continue to receive support from city officials and agencies, who prioritize profits over the needs of residents.

As the city's real estate market continues to boom, it's clear that the term 'affordable' is becoming more and more meaningless. And while the lottery may seem like a glimmer of hope for some, it's time