Terrace Pines Ballston Spa

About This Building

Terrace Pines Ballston Spa: Affordable Housing Option in NY Introduction: Terrace Pines Ballston Spa is a rental apartment complex situated in Ballston Spa, NY. This housing option is supported by the Low-Income Housing Tax Credit (LIHTC) program, making it an affordable choice for individuals seeking low-income housing. Rent and Income Restrictions: The LIHTC program provides incentives to builders and developers, encouraging them to offer housing options to individuals with low incomes. The maximum rent charged at Terrace Pines is determined based on the Area Median Income (AMI). However, it's important to note that the AMI might make this apartment unaffordable for some low-income individuals. Current Rental Rates: To determine if Terrace Pines is within your affordability range, we suggest checking the current rental rates. Keep in mind that there are 192 low-income apartments available at this location, and usually, there are waiting lists. To apply and see if you qualify, we recommend contacting Terrace Pines directly using the provided contact number. Renting LIHTC Units: It is crucial to understand the concept of LIHTC (Low Income Tax Credit) units for rent. When applying for this apartment, the combined income of all adults expected to reside there must be included and verified. For further details, feel free to call Terrace Pines for more information. Apartment Types: Terrace Pines offers various apartment sizes to suit your needs: - 1 Bedroom Apartments - 2 Bedroom Apartments - 3 Bedroom Apartments Conclusion: In summary, Terrace Pines Ballston Spa presents an opportunity for individuals seeking affordable housing in NY. With the support of the LIHTC program, this apartment complex aims to provide housing options to low-income individuals. Contact Terrace Pines directly to inquire about the application process and determine if you qualify.