Morningside Development Group

About This Building

Affordable Housing Option in Morningside Development Group New York Introduction: Morningside Development Group New York offers a Low-Income Housing Tax Credit apartment in New York, NY. If you are seeking affordable housing, these rental apartments are supported by the LIHTC program, which imposes rent and income restrictions. Incentives for Affordable Housing: The LIHTC program incentivizes builders and developers to provide housing options for low-income individuals. The maximum rent is determined based on the Area Median Income (AMI). However, it is important to note that the AMI may still render this apartment unaffordable to some low-income individuals. Thus, it is advisable to check the current rental rates to assess affordability. Apartment Details: This location offers 99 low-income apartments, but as with most apartments, there are waiting lists. To determine eligibility and apply for residency, please contact them directly using the provided phone number. Understanding LIHTC Units: For rental consideration, the income of all adults expected to reside in this apartment must be included and verified during the application process. For further information, feel free to inquire and acquire more details. Apartment Options: - 1 Bedroom Apartments at Location - 2 Bedroom Apartments at Location