Findlay Plaza
1201 Findlay Ave
New York City, New York County, New York 10456

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Funding Programs

Findlay Plaza was developed and operates with Federal housing financing. The property utilizes the Section 202 Federal housing program to make rent affordable to lower income tenants.

Section 202

The property was developed with funding through the HUD Section 202 program which provides funding for housing for seniors who are 62 or older. The program provided both capital financing to construct the property and operating subsidies that work as rental assistance like the Section 8 program. Findlay Plaza is among only 489 Section 202 properties in New York and 6,166 in the country.

Overview

Findlay Plaza 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).

Findlay Plaza is an apartment community containing 163 rental units. The property contains 32 bedrooms and based on typical apartment occupancy limits, Findlay Plaza is home to not more than 179 persons when fully occupied.

Rent Subsidies

Findlay Plaza provides rental subsidies to renters. The type of subsidy provided to apartment renters in New York City, NY by this property is Section 202 Rental Assistance.

This subsidy allows the renter to pay 30% of his or her income for rent while the subsidy pays the difference. To qualify, a renter must earn 50% or less of the Area Median Income.

There is no minimum rent at this property for residents receiving a rent subsidy but in recent years, there has been discussions in Congress to implement a minimum rent in the Section 202 Program to reduce cost burden on the Federal budget.

Unit Mix

Findlay Plaza contains a mix of 163 assisted studio and one bedroom apartments for rent. There are 131 Studio and 32 One Bedroom apartments in this property. The unit mix is 80% Studio and 20% One Bedroom apartment rentals. The average bedroom size for Findlay Plaza is 0.2.

New York's 13th

Congressional District

163

Total Units

163

Project Based Sec. 8 Units

163

Section 202 Units

163

Senior Units

79.8

% of Fair Market Rent

04-Oct-34

Project Based Sec. 8 Contract Expiration

Studio and One

Unit Mix

0.2

Average Bedroom Size

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