2240 Washington Ave Bronx

About This Building

Affordable Housing in Bronx, NY: 2240 Washington Ave - Low-Income Housing Tax Credit Apartment - Supported by LIHTC for Affordable Options Looking for an affordable housing option in Bronx, NY? Look no further! 2240 Washington Ave offers rental apartments that are supported by the Low-Income Housing Tax Credit (LIHTC) program. These apartments come with program rent and income restrictions, making them an excellent choice for those seeking affordable housing. Incentives for Builders and Developers The LIHTC program provides incentives to builders and developers to ensure the availability of affordable housing for low-income individuals. This means that the maximum rent charged is based on the Area Median Income (AMI), ensuring that the apartments remain within reach for those with modest incomes. However, it is important to note that the AMI may still render this apartment unaffordable for some low-income persons. Check Rental Rates for Affordability To determine if these apartments are affordable for you, we recommend checking the current rental rates. It's essential to consider your budget and financial constraints before making any decisions. 80 Low-Income Apartments Available 2240 Washington Ave houses a total of 80 low-income apartments. However, please be aware that there is often high demand for affordable housing, and waiting lists are common. We provide this listing so you can directly contact the management at the provided number to inquire about application procedures and whether you qualify for residency. Understanding LIHTC Units for Rent When applying for this apartment, it is crucial to include and verify the income of all adult residents. By doing so, you can ensure that your application meets the necessary criteria. For more details and specific requirements, please reach out to the management. By providing a clear structure and utilizing headings, this revised text offers a distinct perspective on the original information while maintaining accuracy.