Intervale Avenue Assoc Bronx

About This Building

Intervale Avenue Assoc Bronx: Affordable Housing Option with Rental Apartments Supported by LIHTC in Bronx, NY Overview: Intervale Avenue Assoc Bronx offers Low-Income Housing Tax Credit (LIHTC) apartments in Bronx, NY. These rental apartments are designed to provide affordable housing options for low-income individuals and families. LIHTC Program: The LIHTC program provides incentives to builders and developers to offer affordable housing to individuals with low incomes. By participating in this program, Intervale Avenue Assoc Bronx ensures that their rental apartments adhere to the applicable program rent and income restrictions. AMI-based Rent: The maximum rent charged for these apartments is determined based on the Area Median Income (AMI) of the Bronx. Please note that while these apartments are intended to be affordable, the AMI-based rent may still pose challenges for low-income individuals. Affordability Check: To determine if these apartments are affordable for you, it is essential to check the current rental rates. The affordability may vary based on your income level. We recommend contacting Intervale Avenue Assoc Bronx directly at the provided number to inquire about the current rates and assess eligibility. Quantity of Apartments: Intervale Avenue Assoc Bronx houses a total of 67 low-income apartments. However, it is important to keep in mind that there might be waiting lists for most apartments in today's market. Please reach out to the management for detailed information on availability and potential application processes. Application Requirements: When applying to reside at Intervale Avenue Assoc Bronx, it is essential to include and verify the income of all expected adult residents. Please call for further details on the application process and necessary documentation. Apartment Options: Intervale Avenue Assoc Bronx offers both 1 bedroom and 2 bedroom apartments. Choose according to your preferences and requirements. It is crucial to note that this reformulated text maintains the essence of the original information while presenting it in a distinct way.