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Isla Nena Apartments New York: Affordable Housing Option Supported by LIHTC Location: New York, NY Introduction: Isla Nena Apartments New York is a Low-Income Housing Tax Credit (LIHTC) apartment situated in the vibrant city of New York. If you are in search of an affordable housing option, these rental apartments are backed by the LIHTC program, which ensures that rent and income restrictions are in place to cater to individuals with low incomes. LIHTC: Promoting Affordable Housing: The LIHTC program offers incentives to builders and developers, encouraging them to provide housing solutions for low-income individuals. By leveraging this program, Isla Nena Apartments New York contributes to the provision of affordable housing options in the city. AMI-Based Rent Calculation: The maximum rent charged for this apartment is determined based on the Area Median Income (AMI) of the residents. However, it is important to note that the AMI can sometimes make this apartment unaffordable for those with low incomes. We recommend checking the current rental rates to assess affordability for your specific situation. 48 Low-Income Apartments Available: Isla Nena Apartments New York features a total of 48 low-income apartments. Given the high demand for affordable housing in the area, waiting lists for these apartments may be in place. How to Apply: We provide this listing as a resource to help you connect directly with Isla Nena Apartments New York. You can reach them at the provided contact number to inquire about the application process and determine if you qualify for residency. Key Consideration: Including All Adult Incomes: Please note that the income of all adults expected to reside in this apartment must be included and verified during the application process. For more information on this requirement, we recommend calling the provided contact number. Apartment Options: - 1 bedroom apartments at this location - 2 bedroom apartments at this location - 3 bedroom apartments at this location
734 E 5th St, New York, NY 10009
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