54 townhouse-style rental apartments on scattered sites planned and designed in accordance with guidelines set forth in the Arbor Hill Neighborhood Plan. The project was developed using a mixed-finance approach with HUD HOPE VI funding and private equity from a 9% low-income housing tax credit allocation from NYS Division of Housing and Community Renewal. The units were completed and fully occupied in September 2007. The project is recipient of the New York State Association for Affordable Housing (NYSAFAH) 2007 Project of the Year Award.
Since this property is owned and managed by a Public Housing Authority, all of the rents at this property are based on tenant incomes. Tenants will make a monthly contribution toward rent equal to 30% of their adjusted income. A housing authority may establish a minimum rent of up to $50.
Generally, households earning up to the income limit in the table below for their household size are eligible for units participating in a HUD rental assistance program in Albany but actual income limits may differ for units at Arbor Hill Homes.
|AMI Band||1 Person||2 Person||3 Person||4 Person||5 Person||6 Person||7 Person||8 Person|
Arbor Hill Homes is managed by Albany Housing Authority.