Central Towers Apartments

400 Central Ave, Albany, NY 12206

Waiting List Forecast: Likely Long or Closed

check_circleVerified for 2023 by Joshua Cappell

Rent	Beds	Baths	SqFt
Call for Rents^†	Floorplan Info Upon Request	-	-

Dave's Thoughts On Central Towers Apartments

HUD’s Section 236 program provides mortgage insurance and interest reduction to developers for the production of low-cost rental housing. It is an older HUD program, with no new commitments since the 1970s,

~ Dave Layfield, Founder of Affordable Housing Online

Income Qualification for Central Towers Apartments

*AMI: Area Median Income. Renters qualify for different housing programs if their income is below a specified percentage of AMI.

AMI*	1 person	2 people	3 people	4 people	5 people	6 people	7 people	8 people
50% AMI for LIHTC Units	$39,300 / year	$44,900 / year	$50,500 / year	$56,100 / year	$60,600 / year	$65,100 / year	$69,600 / year	$74,100 / year
50% AMI for PBRA Units	$39,300 / year	$44,900 / year	$50,500 / year	$56,100 / year	$60,600 / year	$65,100 / year	$69,600 / year	$74,100 / year
60% AMI for LIHTC Units	$47,160 / year	$53,880 / year	$60,600 / year	$67,320 / year	$72,720 / year	$78,120 / year	$83,520 / year	$88,920 / year

*AMI: Area Median Income. Renters qualify for different housing programs if their income is below a specified percentage of AMI.

FAQs for Central Towers Apartments

In addition to Central Towers Apartments, how many other affordable housing properties (and units) are there in Albany?

In addition to Central Towers Apartments, we list 106 other affordable properties in Albany. Learn about these properties here. Our data research shows that there are a total of 5038 affordable units in Albany.

When was the Central Towers Apartments listing last updated?

Central Towers Apartments listing on Affordable Housing Online was last updated on 01/03/2023 by Joshua Cappell. Remember, a property's status can change so you should contact the property to confirm.