Knox Place
575 Grand Ave
New York City, New York County, New York 11238

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Funding Programs

Knox Place 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 2000. The property was placed in service in 2001. 51 of 51 units at Knox Place 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.


Knox Place 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).

Knox Place is an apartment community containing 51 rental units. This property serves all family types. The property contains 102 bedrooms and based on typical apartment occupancy limits, Knox Place is home to not more than 195 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

Knox Place contains a mix of 51 assisted one, two, and three bedroom apartments for rent. There are 17 One Bedroom, 17 Two Bedroom, and 17 Three Bedroom apartments in this property. The unit mix is 33% One Bedroom, 33% Two Bedroom, and 33% Three Bedroom apartment rentals. The average bedroom size for Knox Place is 2.

New York's 13th

Congressional District


Total Units


Tax Credit Units

One, Two, and Three

Unit Mix


Average Bedroom Size

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