Chelsea Apartments
800 Avenue of The Americas
New York City, New York County, New York 10001

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Funding Programs

Chelsea Apartments 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 2003. The property was placed in service in 2003. 54 of 269 units at Chelsea Apartments are low income and subject to the tax credit program. The property, at the time of the tax credit allocation, was located in a Difficult Development Area qualifying it for additional tax credit financing.

Overview

Chelsea Apartments 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).

Chelsea Apartments is an apartment community containing 269 rental units. This property serves all family types. The property contains 235 bedrooms and based on typical apartment occupancy limits, Chelsea Apartments is home to not more than 466 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

Chelsea Apartments contains a mix of 269 assisted studio, one, and two bedroom apartments for rent. There are 74 Studio, 155 One Bedroom, and 40 Two Bedroom apartments in this property. The unit mix is 28% Studio, 58% One Bedroom, and 15% Two Bedroom apartment rentals. The average bedroom size for Chelsea Apartments is 0.87.

New York's 13th

Congressional District

269

Total Units

54

Tax Credit Units

Studio, One, and Two

Unit Mix

0.87

Average Bedroom Size

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