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Affordable Housing Option in Chelsea New York with Low-Income Housing Tax Credits Located in the heart of New York, NY, Chelsea New York offers low-income housing options supported by the Low-Income Housing Tax Credit (LIHTC) program. These rental apartments come with program-specific rent and income restrictions, making them an ideal choice for those seeking affordable housing solutions. Builders and developers are incentivized by LIHTC to provide affordable housing for low-income individuals, ensuring that the maximum rent charged is in accordance with the Area Median Income (AMI). However, it's important to note that the AMI may still render this apartment unaffordable for some low-income individuals. To determine affordability, please check the current rental rates. This location boasts 335 low-income apartments; however, given the high demand, waiting lists for most apartments are common. We list the contact number for direct communication with Chelsea New York, allowing you to inquire about the application process and determine if you qualify to reside here. Key Information about LIHTC Units for Rent: - 1-bedroom apartments available at this location - 2-bedroom apartments available at this location - 3-bedroom apartments available at this location - 4-bedroom apartments available at this location Please note that when applying, the income of all adults expected to reside at this apartment must be included and verified. For more details, please call the given contact number.
425 W 25th St, New York, NY 10001
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