Granite Terrace Bronx

About This Building

Affordable Housing Option in Bronx, NY: Granite Terrace, LLC Introduction: Granite Terrace LLC in Bronx, NY is a Low-Income Housing Tax Credit (LIHTC) apartment complex, offering affordable rental apartments to individuals seeking cost-effective housing options. Supported by the LIHTC program, these apartments come with specific rent and income limitations, ensuring accessibility for low-income persons. Rent and Income Restrictions: Builders and developers are incentivized through the LIHTC to provide affordable housing solutions to individuals with low incomes. As a result, the maximum rent charged at Granite Terrace LLC is determined based on the Area Median Income (AMI). However, it is essential to note that for some low-income individuals, the AMI-based rent may still be unaffordable. Determining Affordability: To ascertain whether Granite Terrace LLC is affordable for you, it is recommended to review the current rental rates. Since most apartments have waiting lists nowadays, it would be useful to contact them directly at the provided number to inquire about application procedures and eligibility. Number of Apartments Available: Granite Terrace LLC offers a total of 76 low-income apartments. These units provide an opportunity for individuals to secure a comfortable and affordable living space in Bronx, NY. Structured Information: 1. One-Bedroom Apartments: At Granite Terrace LLC, convenient and affordable one-bedroom apartments are available, catering to the housing needs of individuals or small families. 2. Two-Bedroom Apartments: For those requiring additional space, the complex also offers two-bedroom apartments, providing comfort and affordability for slightly larger households. Important Consideration: When applying for residency, it is crucial to include and verify the income of all adult individuals who are expected to reside in the apartment. For detailed information and specific requirements, it is recommended to call and inquire further. By providing this information and structuring the text accordingly, we offer a comprehensive overview of the Granite Terrace LLC apartment complex in Bronx, NY.