359 Lenox Ave New York

About This Building

Affordable Housing Option in New York City: 359 Lenox Ave Introduction: Welcome to 359 Lenox Ave in New York, a Low-Income Housing Tax Credit (LIHTC) apartment complex. If you are looking for affordable housing in the heart of New York City, this might be the perfect option for you. Let's explore the benefits and considerations of residing in this community. 1. LIHTC Program: By participating in the LIHTC program, builders and developers are incentivized to provide housing options for low-income individuals. These rental apartments are supported by LIHTC, ensuring that they adhere to the program's rent and income restrictions. 2. Income Restrictions: To qualify for these apartments, applicants must meet certain income requirements. The maximum rent charged is determined based on the Area Median Income (AMI), which might make this apartment unaffordable for some low-income individuals. It is essential to check the current rental rates to assess if this community suits your budget. 3. Number of Apartments: This building houses 25 low-income apartments. However, in today's competitive rental market, it is common for apartment complexes to have waiting lists. Nonetheless, we provide you with the necessary contact information so that you can reach out to them directly and find out if you qualify to live here. 4. Apartment Types: At 359 Lenox Ave, you can find both 1 bedroom and 2 bedroom apartments. The specific availability may vary, so it is advisable to inquire about the current status of each unit. 5. Application Requirements: When applying for residency, it is crucial to include and verify the income of all adults who are expected to reside in the apartment. For more detailed information regarding the application process, do not hesitate to call the provided contact number. Conclusion: 359 Lenox Ave offers an opportunity to reside in an affordable housing community in New York City. By participating in the LIHTC program, these apartments provide a viable housing option for low-income individuals. Contact the property management to inquire about availability and qualification requirements to determine if this location is the right fit for you.