W 116th St New York

About This Building

Title: Affordable Housing Opportunity in W 116th St, New York Heading 1: Introduction to Low-Income Housing Tax Credit (LIHTC) Apartments W 116th St New York offers Low-Income Housing Tax Credit apartments, providing an affordable housing option in New York, NY. Heading 2: Supported by LIHTC Program These rental apartments are supported by the LIHTC program, which aims to incentivize builders and developers to offer affordable housing to low-income individuals and families. Heading 3: Rent and Income Restrictions To ensure affordability, these apartments have program-imposed rent and income restrictions, making them accessible to those who qualify. Heading 4: Rent Based on Area Median Income (AMI) The maximum rent charged at this apartment complex is determined by the Area Median Income (AMI). However, the AMI may still pose challenges for low-income individuals seeking affordable housing. Heading 5: Current Rental Rates To determine affordability, it is recommended to review the current rental rates and assess if they align with your budget and income level. Heading 6: Abundance of Low-Income Apartments With a total of 29 low-income apartments available, there is a significant opportunity to secure affordable housing in this location. Heading 7: Waiting Lists May Apply As demand for affordable housing often exceeds availability, it is essential to note that there may be waiting lists for these apartments. Heading 8: Direct Contact Details To inquire about eligibility and apply for these apartments, we provide contact information enabling direct communication with the management. Heading 9: Essential Reminder on Application Process It is critical to understand that all adults expected to reside in the apartment must provide and verify income information during the application process. For further clarification, please contact for more details. Heading 10: Explore LIHTC Rental Units Discover the benefits of Low-Income Tax Credit units for rent, offering viable solutions for those seeking affordable housing options.