625 S Pearl St, Albany, NY 12204
Waiting List Forecast: Likely Long or Closed
Verified for 2019 by Lorena Bentley| Rent | Beds | Baths | SqFt |
|---|---|---|---|
| Call for Rents† | 1 - 4 Beds | 1 - 2 Baths | - |
Since this property may have HUD-funded Public Housing with subsidies that help pay tenants' rent, the property is likely to have a long waiting list. Housing authorities often open these waiting lists periodically. Important: Housing authorities don't always open housing waiting lists at a property-specific level or even allow applicants to choose at which property they can live. Many times, the housing authority will assign an applicant to a property without giving the applicant a choice.
Note: Affordable Housing Online has not confirmed the waiting list status directly with the property. This waiting list status forecast is based on our housing experts' knowledge of similar properties. You should always confirm this status directly with the property.
This is a family development with sixteen buildings and 179 units that was federalized in the mid 1980’s, at which time’ it was substantially rehabbed. It is right off an interstate on a busy thoroughfare and backs up to a railroad storage yard. The “hillside” roofs were replaced in 1993, when high efficiency boilers were installed; electrical upgrades and community room renovations were also done. In 2000 extensive “hillside” site work with accessibility upgrades was done. The bathrooms and the “trackside” roofs were replaced in 2006 with Capital fund and FHLB grant money. Energy performance work to install new thermostatic controls, toilets, lighting and partial refrigerator replacement is in progress. There is an active after school program in the community building. There are currently 176 units at this development.
This property is funded through HUD’s Public Housing program. These properties are typically owned and managed by a Public Housing Authority. These properties tend to be much older, as no new public housing has been built in many years. Since the Federal budget has historically (and notoriously) underfunded public housing renovations for decades, these properties tend to have higher vacancies due to uninhabitable units or liveable units that are in poor condition. In addition, since all public housing properties offer rent subsidies, low-income residents only pay rent based on their incomes. For that reason, these properties tend to have longer waiting lists. Check our public housing waiting list data for more information. Since Ezra Prentice Homes participates in the Public Housing program and has a property based subsidy, if you have a Section 8 voucher, you would have to give up your voucher to move in.
~ Dave Layfield, Founder of Affordable Housing Online
| Unit (Bd/Ba) | Ft2 | Rent |
|---|---|---|
| One Bedroom One Bath (1/1) | - | Call for Price† |
| Two Bedroom One Bath (2/1) | - | Call for Price† |
| Three Bedroom One Bath (3/1) | - | Call for Price† |
| Four Bedroom Two Bath (4/2) | - | Call for Price† |
| AMI* | 1 person | 2 people | 3 people | 4 people | 5 people | 6 people | 7 people | 8 people |
|---|---|---|---|---|---|---|---|---|
| 30% AMI for PBRA Units | $23,600 / year | $26,950 / year | $30,300 / year | $33,650 / year | $36,350 / year | $40,280 / year | $45,420 / year | $50,560 / year |
| 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 |
| 80% AMI for PBRA Units | $62,850 / year | $71,800 / year | $80,800 / year | $89,750 / year | $96,950 / year | $104,150 / year | $111,300 / year | $118,500 / year |
*AMI: Area Median Income. Renters qualify for different housing programs if their income is below a specified percentage of AMI.
Does Ezra Prentice Homes have a waiting list?
Ezra Prentice Homes probably has a waiting list. Since our research has shown there are some public housing units at this property, the waiting list would be for those units. We haven't confirmed if this is the case, so you should contact the property to confirm.
Are rents subsidized at Ezra Prentice Homes?
We believe rents are most likely subsidized at all or some of the units since our research has turned up at least one public housing or rental assistance contract probably associated with this property.
In addition to Ezra Prentice Homes, how many other affordable housing properties (and units) are there in Albany?
In addition to Ezra Prentice Homes, 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
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