11 Gurley Ave, Troy, NY 12182
Waiting List Forecast: Likely Short or None
Verified for 2023 by Connor Bailey, Lorena Bentley| Rent | Beds | Baths | SqFt |
|---|---|---|---|
| Call for Rents† | 1 - 2 Beds | 1 Bath | 623 - 834 Sq Ft |
Since this property is a LIHTC property that might not have a project based rental assistance contract, it is likely that it either has no waiting list or the waiting list is shorter than properties with rental assistance. You should contact the property to verify.
Note: Affordable Housing Online has not confirmed the waiting list status directly with the property. This waiting list status forecast is based on our housing experts' knowledge of similar properties. You should always confirm this status directly with the property.
Built in 1998, Diamond Rock Terrace Senior Apartments provide comfort and style while offering an affordable alternative for active seniors with moderate incomes. Nestled into the hillside overlooking the Hudson River, Diamond Rock Terrace provides a variety of amenities and activities to go with the beautiful surroundings. With a robust calendar of events that includes movie nights, bingo, and weekly outings, residents are encouraged to stay active and be engaged in community life.
One- and two-bedroom floor plans provide the option for either cozy living area or a more spacious unit that may include a den. There is no need to look for appliances as everything is already set up for you in your new home. Once you take the tour, you will fall in love with everything Diamond Rock Terrace has to offer.
This LIHTC property is among the most common types of affordable rental housing in the United States. The LIHTC program only provides subsidies to the building’s owner at construction. No subsidies are provided directly to the residents, but the owner must set rents affordable to low-income renters in the area. Our data suggests Diamond Rock Terrace does not participate in any project-based rent subsidy program. This means you must earn enough to pay the full rent or have your own Section 8 Housing Choice Voucher. For that reason, LIHTC properties tend to have shorter waiting lists or even none at all. LIHTC properties nationwide are required to accept housing vouchers. LIHTC properties were first built in the late 1980's. Because they tend to be newer, these properties are more likely to have larger units, more amenities, and greater tenant service offerings than other affordable housing programs. This property might be right for you if you have a housing voucher or enough income to pay rent, are looking for a high quality property, or need immediate availability. Since this property participates in the LIHTC program, the property is required to accept Section 8 Housing Choice Vouchers.
~ Dave Layfield, Founder of Affordable Housing Online
| Unit (Bd/Ba) | Ft2 | Rent |
|---|---|---|
| One Bedroom (1/1) | 623ft2 | Call for Price† |
| Two Bedroom (2/1) | 834ft2 | Call for Price† |
| AMI* | 1 person | 2 people | 3 people | 4 people |
|---|---|---|---|---|
| 50% AMI for LIHTC Units | $39,300 / year | $44,900 / year | $50,500 / year | $56,100 / year |
| 50% AMI for PBRA Units | $39,300 / year | $44,900 / year | $50,500 / year | $56,100 / year |
| 60% AMI for LIHTC Units | $47,160 / year | $53,880 / year | $60,600 / year | $67,320 / year |
*AMI: Area Median Income. Renters qualify for different housing programs if their income is below a specified percentage of AMI.
Does Diamond Rock Terrace have a waiting list?
Diamond Rock Terrace probably doesn't have a waiting list, and, if it does, the wait times are most likely short. We haven't confirmed if this is the case, so you should contact the property to confirm.
Are rents subsidized at Diamond Rock Terrace?
We believe rents are most likely NOT subsidized at any of the units at this property since our research has not discovered any public housing or rental assistance contracts associated with this property. This means you will most likely have to pay the full rent no matter your income. Note: In some rare instances, some properties may have a small number of units subsidized through state or private programs.
What property management company manges Diamond Rock Terrace?
Diamond Rock Terrace is managed by Vesta Corporation headquartered in Weatogue, Connecticut.
In addition to Diamond Rock Terrace, how many other affordable housing properties (and units) are there in Troy?
In addition to Diamond Rock Terrace, we list 26 other affordable properties in Troy. Learn about these properties here. Our data research shows that there are a total of 2128 affordable units in Troy.
When was the Diamond Rock Terrace listing last updated?
Diamond Rock Terrace listing on Affordable Housing Online was last updated on 07/24/2023 by Connor Bailey. Remember, a property's status can change so you should contact the property to confirm.
Housing options for seniors.
Many housing programs have apartments or entire properties restricted to senior residents only, including Section 202 Supportive Housing for the Elderly.Geri Ridley says:
"Affordable Housing Online helps renters who need help and don't know where to start."