Greene Avenue Senior Citizens
257 Greene Ave
New York City, New York County, New York 11238

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Funding Programs

Greene Avenue Senior Citizens 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. Greene Avenue Senior Citizens is among only 489 Section 202 properties in New York and 6,166 in the country.

Overview

Greene Avenue Senior Citizens 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).

Greene Avenue Senior Citizens is an apartment community containing 149 rental units. The property contains 149 bedrooms and based on typical apartment occupancy limits, Greene Avenue Senior Citizens is home to not more than 223 persons when fully occupied.

Rent Subsidies

Greene Avenue Senior Citizens 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

Greene Avenue Senior Citizens contains a mix of 149 assisted one bedroom apartments for rent. There are 149 One Bedroom apartments in this property. The unit mix is 100% One Bedroom apartment rentals. The average bedroom size for Greene Avenue Senior Citizens is 0.99.

New York's 13th

Congressional District

149

Total Units

149

Project Based Sec. 8 Units

149

Section 202 Units

149

Senior Units

128.6

% of Fair Market Rent

30-Nov-31

Project Based Sec. 8 Contract Expiration

One

Unit Mix

0.99

Average Bedroom Size

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