Stevenson Commons
755 White Plains Road
New York City, New York County, New York 10473

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Funding Programs

Stevenson Commons 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

Stevenson Commons has a project-based Section 8 contract. 379 of the 948 total units at the property receive Section 8 assistance. This means that 40% 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 27, 1975 and the contract expires on October 31, 2016. The Section 8 contract rent is 49.5% of the Fair Market Rent for the area. According to the HUD Multifamily database, the fair market rents for the area are $1,293.00 for Zero Bedroom, $1,357.00 for One Bedroom, $1,571.00 for Two Bedroom, $2,021.00 for Three Bedroom, and $2,224.00 for Four 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

Stevenson Commons 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).

Stevenson Commons is an apartment community containing 379 rental units. The property contains 707 bedrooms and based on typical apartment occupancy limits, Stevenson Commons is home to not more than 1381 persons when fully occupied.

Rent Subsidies

Stevenson Commons 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

Stevenson Commons contains a mix of 379 assisted studio, one, two, three, and four bedroom apartments for rent. There are 22 Studio, 110 One Bedroom, 158 Two Bedroom, 75 Three Bedroom, and 14 Four Bedroom apartments in this property. The unit mix is 6% Studio, 29% One Bedroom, 42% Two Bedroom, 20% Three Bedroom, and 4% Four Bedroom apartment rentals. The average bedroom size for Stevenson Commons is 0.75.

New York's 13th

Congressional District

379

Total Units

379

Project Based Sec. 8 Units

49.5

% of Fair Market Rent

31-Oct-16

Project Based Sec. 8 Contract Expiration

Studio, One, Two, Three, and Four

Unit Mix

0.75

Average Bedroom Size

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