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Affordable Housing in Hughes House Bronx, NY Supported by LIHTC Overview: - Hughes House Bronx offers affordable housing options through the Low-Income Housing Tax Credit (LIHTC) program. - Rental apartments in this building are subject to program rent and income restrictions. - LIHTC incentivizes builders and developers to provide affordable housing for low-income individuals. - Maximum rent is determined based on the Area Median Income (AMI). - However, please note that the AMI might make this apartment unaffordable for some low-income individuals. Rental Rates and Availability: - Current rental rates can be checked to determine affordability. - Limited availability with 55 low-income apartments on-site. - Given the high demand, waiting lists for apartments are quite common. Application Process: - Interested individuals can contact the management directly using the provided phone number. - The application process requires including and verifying income from all adults expected to reside in the apartment. - For more details on the application process, feel free to call. TIP: - Familiarize yourself with the concept of LIHTC (Low-Income Tax Credit) units for rent. - Understanding this program can help you explore additional affordable housing options. Note: These headings serve to structure the information provided in the text, presenting it in a more organized and reader-friendly manner.
1974 Hughes Ave, Bronx, NY 10457
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