Eldridge Street Lp
176 Eldridge St
New York City, New York County, New York 10002

Call (855) 598-3283, enter extension 42998, then hit #.

Request an Application

Funding Programs

Eldridge Street Lp 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 1988. 60 of 60 units at Eldridge Street Lp 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

Eldridge Street Lp 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).

Eldridge Street Lp is an apartment community containing 60 rental units. This property serves all family types and seniors. The property contains 54 bedrooms and based on typical apartment occupancy limits, Eldridge Street Lp is home to not more than 125 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

Eldridge Street Lp contains a mix of 60 assisted studio, one, and two bedroom apartments for rent. There are 25 Studio, 16 One Bedroom, and 19 Two Bedroom apartments in this property. The unit mix is 42% Studio, 27% One Bedroom, and 32% Two Bedroom apartment rentals. The average bedroom size for Eldridge Street Lp is 0.9.

New York's 13th

Congressional District

60

Total Units

60

Tax Credit Units

60

Senior Units

Studio, One, and Two

Unit Mix

0.9

Average Bedroom Size

Find More in New York City

Search Nearby Affordable Housing

Find More in New York County

Search Nearby Affordable Housing

Find More in New York

Search Nearby Affordable Housing

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