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.
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.
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.
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.