Waldorf Residence Albany

About This Building

Affordable Housing Option in Albany, NY - Waldorf Residence Albany Overview: Waldorf Residence Albany offers a range of affordable rental apartments supported by the Low-Income Housing Tax Credit (LIHTC) program. These apartments are designed to cater to low-income individuals and families, with certain rent and income restrictions in place. Incentives for Affordable Housing: The LIHTC program provides important incentives to builders and developers, encouraging them to create housing options that are accessible to those with low incomes. The maximum rent charged for these apartments is determined based on the Area Median Income (AMI). However, it is crucial to note that the AMI may still render this apartment unaffordable for some low-income individuals. Determining Affordability: To ascertain whether this housing option fits within your budget, we recommend checking the current rental rates. It is vital to consider your financial situation in relation to the AMI and the applicable program rent. Apartment Availability: Waldorf Residence Albany offers 46 low-income apartments, making it a sought-after option in the area. However, please be aware that there may be waiting lists for these apartments due to their popularity. Therefore, we advise directly contacting the management team to inquire about the application process and your eligibility. Important Information - LIHTC Units for Rent: When applying for residency in this apartment complex, it's important to include and verify the income of all adults who are expected to reside there. For more detailed information and specific requirements, feel free to reach out to the management team. Contact Details: