Mansion Initiative

About This Building

Mansion Initiative: Affordable Housing Option in Albany, NY Overview: - Mansion Initiative offers Low-Income Housing Tax Credit apartments in Albany, NY. - These rental apartments are supported by the LIHTC and have program rent and income restrictions. - The LIHTC provides incentives to builders and developers to create affordable housing for low-income individuals. - However, the maximum rent is based on the Area Median Income (AMI), which may make it unaffordable for some low-income individuals. - Check the current rental rates to determine affordability. Apartment Details: - There are 39 one and two bedroom low-income apartments available. - Office Hours: Mon-Wed & Fri 8:30 am - 5:00 pm, Thurs 1 - 5 pm Waiting Lists: - Like many apartments, Mansion Initiative may have waiting lists. - Contact the provided number to inquire about the application process and qualifications. - TIP: Learn about LIHTC (Low Income Tax Credit) units for rent. Application Requirements: - All adults planning to reside in the apartment must include and verify their income at the time of application. - Call for more details on the application process. Available Apartment Types: - 1 bedroom apartments at location - 2 bedroom apartments at location - 3 bedroom apartments at location - 4 bedroom apartments at location.