526 Central Avenue, Albany, NY 12206
Waiting List Forecast: Likely Short or None
Verified for 2024 by Connor Bailey| Rent | Beds | Baths | SqFt |
|---|---|---|---|
| $855 - 1,312 per Month† | 1 - 3 Beds | 1 - 2 Baths | - |
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.
Swinburne Apartments is centrally located along Central Avenue in Albany, across the street from Swinburne Park. A vibrant shopping and services district awaits you, with a wide range of restaurant choices along Central Avenue. Easily accessible for cars and pedestrians, CDTA buses also stop steps from the building – taking you anywhere you want to go. With free on-site parking, Swinburne Apartments combines superior quality rental apartments and easy access, with so many local amenities right at your building’s doorstep.
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 Swinburne Commons Apartments 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 |
|---|---|---|
| One Bedroom (1/1) | 781-810ft2 | $855 $937† |
| Two Bedroom (2/1) | 1090ft2 | $1,130† |
| Three Bedroom (3/2) | 1588ft2 | $1,312† |
| AMI* | 1 person | 2 people | 3 people | 4 people | 5 people | 6 people |
|---|---|---|---|---|---|---|
| 50% AMI for LIHTC Units | $39,300 / year | $44,900 / year | $50,500 / year | $56,100 / year | $60,600 / year | $65,100 / year |
| 50% AMI for PBRA Units | $39,300 / year | $44,900 / year | $50,500 / year | $56,100 / year | $60,600 / year | $65,100 / year |
| 60% AMI for LIHTC Units | $47,160 / year | $53,880 / year | $60,600 / year | $67,320 / year | $72,720 / year | $78,120 / year |
*AMI: Area Median Income. Renters qualify for different housing programs if their income is below a specified percentage of AMI.
Does Swinburne Commons Apartments have a waiting list?
Swinburne Commons Apartments 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 Swinburne Commons Apartments?
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 Swinburne Commons Apartments?
Swinburne Commons Apartments is managed by The Michaels Organization headquartered in Camden, NJ.
In addition to Swinburne Commons Apartments, how many other affordable housing properties (and units) are there in Albany?
In addition to Swinburne Commons 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 Swinburne Commons Apartments listing last updated?
Swinburne Commons Apartments listing on Affordable Housing Online was last updated on 06/25/2024 by Connor Bailey. Remember, a property's status can change so you should contact the property to confirm.
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