149th And Amsterdam
1802 Amsterdam Ave
New York City, New York County, New York 10031

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Funding Programs

149th And Amsterdam was developed and operates with Federal housing financing. The property utilizes the Low Income Housing Tax Credit Federal housing program to make rent affordable to lower income tenants.

Low Income Housing Tax Credit

The property was developed using the Low Income Housing Tax Credit Program. This program incentivizes investors to inject capital into rental apartments for lower income Americans. The property received a tax credit allocation in 1991. The property was placed in service in 1991. 20 of 63 units at 149th And Amsterdam are low income and subject to the tax credit program. The property, at the time of the tax credit allocation, was not located in a Qualified Census Tract or a Difficult Development Area and was not qualified for additional tax credit funding.

Overview

149th And Amsterdam is an affordable apartment community located in New York City, New York which is located in New York County. The property is located in New York's 13th Congressional District served by Representative Adriano Espaillat (D), Senator Charles Schumer (D) and Senator Kirsten Gillibrand (D).

149th And Amsterdam is an apartment community containing 20 rental units. This property serves all family types. The property contains 32 bedrooms and based on typical apartment occupancy limits, 149th And Amsterdam is home to not more than 58 persons when fully occupied.

Rental Subsidies

This property does not provide any Federal rent subsidies to renters reducing total tenant payments to 30% of their adjusted income. Renters are required to pay the full rent, even if it is in excess of 30% of their income. In some cases the property may accept Section 8 Housing Choice vouchers.

Unit Mix

149th And Amsterdam contains a mix of 20 assisted one, two, and three bedroom apartments for rent. There are 11 One Bedroom, 6 Two Bedroom, and 3 Three Bedroom apartments in this property. The unit mix is 55% One Bedroom, 30% Two Bedroom, and 15% Three Bedroom apartment rentals. The average bedroom size for 149th And Amsterdam is 0.51.

New York's 13th

Congressional District

20

Total Units

20

Tax Credit Units

One, Two, and Three

Unit Mix

0.51

Average Bedroom Size

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† These counts are estimates based on the data available from HUD. Learn More About Our Data