Granite Terrace Bronx

About This Building

Affordable Housing Option in Bronx, NY: Granite Terrace Llc Introduction: Granite Terrace Llc in Bronx, NY offers low-income housing tax credit (LIHTC) apartments for individuals seeking an affordable housing option. These rental apartments are supported by the LIHTC program, which imposes income and rent restrictions. Rent and Income Restrictions: The LIHTC program incentivizes builders and developers to provide housing options for low-income individuals. The maximum rent charged is determined based on the area median income (AMI). However, it is important to note that the AMI may still make this apartment unaffordable for some low-income individuals. It is advisable to check the current rental rates to determine affordability. Number of Apartments: Granite Terrace Llc boasts a total of 76 low-income apartments. Due to the high demand for affordable housing, waiting lists are not uncommon. Application Process: To apply and determine eligibility for residency, direct contact should be made with Granite Terrace Llc. The provided contact number will allow you to gather more information and discuss the application process in detail. Tip: Information on Low-Income Tax Credit Units (LIHTC) for Rent: In order to accurately assess the affordability of this apartment, it is crucial to include and verify the income of all adults who are expected to reside there. Additional details can be obtained by calling the provided contact number. Apartment Availability: Granite Terrace Llc offers both one-bedroom and two-bedroom apartments. For specific details regarding available units, kindly refer to the corresponding headings.