Pueblo Nuevo Site I
210 Stanton St
New York City, New York County, New York 10002

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Funding Programs

Pueblo Nuevo Site I was developed and operates with Federal housing financing. The property utilizes the Project Based Sec. 8 Federal housing program to make rent affordable to lower income tenants.

Section 8

Pueblo Nuevo Site I has a project-based Section 8 contract. 171 of the 172 total units at the property receive Section 8 assistance. This means that 99% of the renter households in the property pay no more than 30% of their adjusted income for rent.

The current Section 8 contract was effective on August 01, 2004 and the contract expires on July 31, 2019. The Section 8 contract rent is 225.4% of the Fair Market Rent for the area. According to the HUD Multifamily database, the fair market rents for the area are $1,357.00 for One Bedroom, $1,571.00 for Two Bedroom, and $2,021.00 for Three Bedroom.

26% of New York properties and 26% of all properties across the country have Section 8 rental subsidies. See the Rent Subsidies section for more.

Overview

Pueblo Nuevo Site I 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).

Pueblo Nuevo Site I is an apartment community containing 171 rental units. The property contains 285 bedrooms and based on typical apartment occupancy limits, Pueblo Nuevo Site I is home to not more than 531 persons when fully occupied.

Rent Subsidies

Pueblo Nuevo Site I provides rental subsidies to renters. The type of subsidy provided to apartment renters in New York City, NY by this property is Project Based Sec. 8.

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 a minimum rent payment of not less than $25 and as much as $50 for all subsidy recipients at this property. That means that even if a renter has zero income, they will still be required to pay rent. In recent years, there have been various legislative proposals to increase the Section 8 minimum rent but advocates make the valid point that minimum rents affect the poorest of the poor.

Unit Mix

Pueblo Nuevo Site I contains a mix of 171 assisted one, two, and three bedroom apartments for rent. There are 78 One Bedroom, 72 Two Bedroom, and 21 Three Bedroom apartments in this property. The unit mix is 46% One Bedroom, 42% Two Bedroom, and 12% Three Bedroom apartment rentals. The average bedroom size for Pueblo Nuevo Site I is 1.66.

New York's 13th

Congressional District

171

Total Units

171

Project Based Sec. 8 Units

225.4

% of Fair Market Rent

31-Jul-19

Project Based Sec. 8 Contract Expiration

One, Two, and Three

Unit Mix

1.66

Average Bedroom Size

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