1405 Fifth Ave Apartments New York

About This Building

Affordable Housing Option in New York City Located at 1405 Fifth Ave, the apartments in New York offer a Low-Income Housing Tax Credit (LIHTC) arrangement. If you are in search of affordable housing, these rental apartments are designed to support individuals who meet the income restrictions set by the program. By participating in LIHTC, builders and developers contribute to providing housing opportunities for low-income individuals in New York City. AMI-Based Rent Calculation The rent for these apartments is determined based on the Area Median Income (AMI). However, it is essential to note that due to the AMI calculation, the rental rates may still be unaffordable for low-income individuals. To determine if these apartments are within your budget, kindly check the current rental rates. 80 Low Income Apartments Available At this location, you will find 80 low-income apartments. Given the demand for affordable housing, many apartments these days have waiting lists. To explore the possibility of living in these apartments, feel free to contact the management directly using the provided phone number. Engage in a conversation to determine if you meet the criteria and are eligible to apply for residency. Consider LIHTC Units for Rent When considering these apartments, it is vital to understand the concept of Low-Income Tax Credit (LIHTC) units. The income of all adults expected to reside in the apartment must be included and verified during the application process. For further details, kindly reach out to the management and inquire about the specific requirements. 1 and 2 Bedroom Apartments Available Various options are available at this location, with both 1-bedroom and 2-bedroom apartments on offer. Each unit provides a comfortable living environment while adhering to the LIHTC guidelines. If you require more information about the apartment sizes and their respective rents, it is recommended to contact the management for further clarification. Experience affordable housing in New York City by exploring the possibilities at 1405 Fifth Ave Apartments. With LIHTC support, these rental apartments aim to provide a solution for individuals seeking affordable housing options. Ensure to gather all the necessary details by contacting the management today.