W. 140 St. Cluster 231-35 W. 140 St.
231 W 140th St
New York City, New York County, New York 10030

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Funding Programs

W. 140 St. Cluster 231-35 W. 140 St. 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 for $222,436 with a 10 year value of $2,224,360. The property was placed in service in 2001. 22 of 31 units at W. 140 St. Cluster 231-35 W. 140 St. are low income and subject to the tax credit program. The property, at the time of the tax credit allocation, was located in a Qualified Census Tract and a Difficult Development Area qualifying it for additional tax credit financing.

Overview

W. 140 St. Cluster 231-35 W. 140 St. 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).

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.

New York's 13th

Congressional District

22

Tax Credit Units

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