400 Central Ave, Albany, NY 12206
Waiting List Forecast: Likely Long or Closed
Verified for 2023 by Joshua Cappell| Rent | Beds | Baths | SqFt |
|---|---|---|---|
| Call for Rents† | Floorplan Info Upon Request | - | - |
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
| 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.
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.
315 Northern Blvd, Albany, New York 12210
123 Livingston Ave., E7, Albany, New York 12207
Housing options for families with immigrants.
If the head of household is a citizen or eligible immigrant, you can still qualify for HUD programs with a citizenship requirement.Steve Rubin says:
"Affordable Housing Online is an excellent resource, and an important service for those who need it."