Fortune Academy Residence New York

About This Building

Affordable Housing Option in New York: Fortune Academy Residence Introduction: Fortune Academy Residence in New York, NY is a Low-Income Housing Tax Credit (LIHTC) supported apartment complex. If you are seeking affordable housing, these rental apartments offer the LIHTC program benefits, which come with rent and income restrictions. LIHTC Program: The LIHTC program incentivizes builders and developers to provide affordable housing to low-income individuals. As a result, the maximum rent charged for these apartments is based on the Area Median Income (AMI). However, it is important to note that the AMI may still render this apartment unaffordable for some low-income residents. To determine if it fits your budget, please check the current rental rates. Number of Apartments: At Fortune Academy Residence, there are 27 low-income apartments available. However, keep in mind that in today's rental market, demand has led to waiting lists for most apartments. Therefore, we encourage you to directly contact the management at the provided number to inquire about availability and eligibility. Important Information: When applying for residency at this apartment complex, the income of all adults expected to live there must be included and verified. If you require further details, please do not hesitate to call for more information. Conclusion: Fortune Academy Residence provides an opportunity for affordable housing in New York. With the LIHTC program support, these apartments offer low-income individuals a chance to secure a place to live. Take advantage of this listing by reaching out directly to management to determine if you qualify for residency.