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Affordable Housing Option in New York, NY - The Tapestry Overview: The Tapestry is an apartment complex located in New York, NY that offers affordable housing options through the Low-Income Housing Tax Credit (LIHTC) program. These rental apartments are specifically designed to cater to individuals with low incomes, as they come with program rent and income restrictions. Incentive for Builders and Developers: The LIHTC program provides incentives to builders and developers to create affordable housing for those with low incomes. The maximum rent charged for these apartments is based on the Area Median Income (AMI), which may still make them unaffordable for some individuals in the low-income bracket. Prospective tenants are advised to check the current rental rates to determine if the apartments are within their affordability range. Apartment Details: The Tapestry features a total of 37 apartments designated for low-income individuals and families. These include 1-bedroom, 2-bedroom, and 3-bedroom apartments, providing a variety of options to suit different needs. Office Hours: The office is open for assistance and inquiries during the following hours: - Monday to Friday: 8:30 am - 5:00 pm - Saturday: 10 am - 4 pm Waiting Lists and Application Process: It is important to note that most apartments these days have waiting lists. To apply for residency at The Tapestry, interested individuals are encouraged to contact the management directly using the provided phone number. By doing so, you can inquire about the application process and determine if you meet the qualifications to live in this community. Additional Information: When applying for residency, the income of all adults expected to reside in the apartment must be included and verified. For further details regarding eligibility and application requirements, please reach out to the management for a comprehensive explanation. Don't miss out on the opportunity to secure affordable housing at The Tapestry! Contact them today to inquire, apply, and potentially qualify for a comfortable home that fits your budget.
245 E 124th St, New York, NY 10035
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