Highbridge Terrace Bronx

About This Building

Bronx's Highbridge Terrace: An Affordable Housing Option for Low-Income Individuals Overview: Highbridge Terrace Bronx is an apartment complex located in Bronx, NY, offering a Low-Income Housing Tax Credit (LIHTC) program for affordable housing seekers. Supported by LIHTC, these rental apartments impose rent and income restrictions to ensure affordability. Incentives for Affordable Housing: The LIHTC program incentivizes builders and developers to provide housing options for low-income individuals. The maximum rent charged is determined based on the Area Median Income (AMI) of the region. However, it is important to note that the AMI calculations may still render this apartment unaffordable for some low-income individuals. Determining Affordability: To assess if this apartment is within your means, it is advisable to check the current rental rates. While there are 65 low-income apartments available, it is essential to consider that most apartments may have a waiting list. To explore the possibility of applying and qualifying for residency, please contact the provided number directly. Important Reminders: 1. Understanding LIHTC: Familiarize yourself with the concept of Low-Income Tax Credit units for rent. 2. Income Verification: When applying, the income of all expected adult occupants must be included and verified. For further details, please inquire through the given contact. Apartment Options: - 1-bedroom apartments at this location - 2-bedroom apartments at this location - 3-bedroom apartments at this location