25 Delaware Ave , Albany, NY 12210
Waiting List Forecast: Likely Short or None
Verified for 2022 by Colleen Carter, Ric Gresia| Rent | Beds | Baths | SqFt |
|---|---|---|---|
| $534 - 1,357 per Month† | 1 - 2 Beds | 1 Bath | 631 - 736 Sq Ft |
Since this property is a LIHTC property that might not have a project based rental assistance contract, it is likely that it either has no waiting list or the waiting list is shorter than properties with rental assistance. You should contact the property to verify.
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.
Located in the historic city of Albany, Station 25 will offer 1 and 2-bedroom apartment homes. Each apartment will boast spacious floor plans, oversized bathrooms, washer and dryer hookups, luxury plank flooring, and modern finishes. This five-story building is a US Green LEED-certified Building and all appliances and light fixtures will be energy star rated helping offset utility costs for our residents. Residents will also be able to enjoy a beautiful great room for gatherings and a fitness center outfitted with ample equipment.
Station 25 is located in the Park South neighborhood and has direct access to public transportation with a bus stop directly in front of the community. With many restaurants, shops, banks, and businesses close by, Station 25 offers a convenient location for everyone!
This LIHTC property is among the most common types of affordable rental housing in the United States. The LIHTC program only provides subsidies to the building’s owner at construction. No subsidies are provided directly to the residents, but the owner must set rents affordable to low-income renters in the area. Our data suggests Station 25 does not participate in any project-based rent subsidy program. This means you must earn enough to pay the full rent or have your own Section 8 Housing Choice Voucher. For that reason, LIHTC properties tend to have shorter waiting lists or even none at all. LIHTC properties nationwide are required to accept housing vouchers. LIHTC properties were first built in the late 1980's. Because they tend to be newer, these properties are more likely to have larger units, more amenities, and greater tenant service offerings than other affordable housing programs. This property might be right for you if you have a housing voucher or enough income to pay rent, are looking for a high quality property, or need immediate availability. Since this property participates in the LIHTC program, the property is required to accept Section 8 Housing Choice Vouchers.
~ Dave Layfield, Founder of Affordable Housing Online
| Unit (Bd/Ba) | Ft2 | Rent |
|---|---|---|
| 1 Bedroom (1/1) | 736ft2 | $534 $1,130† |
| 2 Bedroom (2/1) | 631ft2 | $631 $1,357† |
| AMI* | 1 person | 2 people | 3 people | 4 people |
|---|---|---|---|---|
| 50% AMI for LIHTC Units | $39,300 / year | $44,900 / year | $50,500 / year | $56,100 / year |
| 50% AMI for PBRA Units | $39,300 / year | $44,900 / year | $50,500 / year | $56,100 / year |
| 60% AMI for LIHTC Units | $47,160 / year | $53,880 / year | $60,600 / year | $67,320 / year |
*AMI: Area Median Income. Renters qualify for different housing programs if their income is below a specified percentage of AMI.
Does Station 25 have a waiting list?
Station 25 probably doesn't have a waiting list, and, if it does, the wait times are most likely short. We haven't confirmed if this is the case, so you should contact the property to confirm.
Are rents subsidized at Station 25?
We believe rents are most likely NOT subsidized at any of the units at this property since our research has not discovered any public housing or rental assistance contracts associated with this property. This means you will most likely have to pay the full rent no matter your income. Note: In some rare instances, some properties may have a small number of units subsidized through state or private programs.
What property management company manges Station 25?
Station 25 is managed by Conifer Realty, LLC headquartered in Rochester, New York.
In addition to Station 25, how many other affordable housing properties (and units) are there in Albany?
In addition to Station 25, we list 51 other affordable properties in Albany. Learn about these properties here. Our data research shows that there are a total of 4647 affordable units in Albany.
When was the Station 25 listing last updated?
Station 25 listing on Affordable Housing Online was last updated on 12/27/2022 by Affordable Housing Online research staff. Remember, a property's status can change so you should contact the property to confirm.
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