The brand new Eagle Court Apartments have been created by Omni rehabilitating the 1920’s era apartment building structure to produce 33, 1 bedroom apartments averaging 637 square feet plus 9, 2 bedroom apartments averaging 800 square feet. The gut renovation allowed for larger and more energy efficient units within this three-story walk-up solid brick structure. Many of the units offer views of Lincoln Park and 3 units are handicap accessible. The building offers residents a secure intercom entry as well as washers and dryers in the first floor of each wing.
Since this property has received funding in part through the Low Income Housing Tax Credit (LIHTC) program, a certain number of units are set aside for lower income households. Households must earn either less than 50% or 60% of the area median income (depending on the set-aside option chosen by the property owner) to qualify for these units. Rents in these units are capped at a maximum of 30% of the set-aside area median income (adjusted for unit size). Some rental units in this property may not be subject to LIHTC and therefore have higher rents and no maximum household income requirement.
Generally, households earning up to the income limit in the table below for their household size are eligible for units participating in the Low-Income Housing Tax Credit program in Albany but actual income limits may differ for units at Eagle Court Apartments.
|AMI Band||1 Person||2 Person||3 Person||4 Person||5 Person||6 Person||7 Person||8 Person|
|Very Low Income (50%)||$33,500||$38,250||$43,050||$47,800||$51,650||$55,450||$59,300||$63,100|
|Low Income (60%)||$40,200||$45,900||$51,660||$57,360||$61,980||$66,540||$71,160||$75,720|
Eagle Court Apartments is managed by Albany Housing Authority.