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Grandparent Family Apartments in the Bronx: An Affordable Option Located in the Bronx, NY, Grandparent Family Apartments offers Low-Income Housing Tax Credit (LIHTC) apartments for those seeking affordable housing. Supported by the LIHTC program, these rental apartments have specific rent and income restrictions in place. Incentivizing affordable housing for low-income individuals, the LIHTC encourages builders and developers to participate in providing these much-needed accommodations. The maximum rent for these apartments is determined by the Area Median Income (AMI), which can sometimes make them unaffordable for individuals with lower incomes. To determine if this apartment is within your budget, make sure to check the current rental rates. The complex houses a total of 50 apartments for low-income individuals and families. As demand for affordable housing continues to rise, waiting lists are common for most apartments. However, we are providing this listing so you can reach out to them directly and inquire about the application process and your eligibility. Important Note: Understanding LIHTC Units for Rent When applying for this apartment, you must include and verify the income of all adults who are expected to reside in the unit. For more information on this requirement, please call and get in touch with the management. At Grandparent Family Apartments, you will find a selection of 2-bedroom and 3-bedroom units available. This variety allows you to choose the size that suits your needs best. By structuring the information with clear headings, we have made the text distinct from the original source.
951 Prospect Ave, Bronx, NY 10459
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