Tompkins Terrace, located at 194 Tompkins Ter in Beacon, has studio, one, two, three and four bedroom apartments. Tompkins Terrace participates in the Low-Income Housing Tax Credit (LIHTC) program.
|Studio (Studio/1)||460||Call for Price|
|One Bedroom (1/1)||625||Call for Price|
|Two Bedroom (2/1)||729||Call for Price|
|Three Bedroom (3/2)||1102||Call for Price|
|Four Bedroom (4/2)||1365||Call for Price|
Tompkins Terrace is a Section 8/Section 236 community. Please stop by our leasing office for a rental application. Look no further for great apartment home living in Beacon, New York! Located just minutes off I-84 south of the Newburgh_Beacon Bridge, Tompkins Terrace Apartment Homes is the last stop on your search for the best in apartment home living. Tompkins Terrace has a great location not far from the Hudson River, Just across the bridge from Newburgh! Youâ€™re close to all the great dining, shopping, and entertainment that the Newburgh and Beacon area has to offer. Tompkins Terrace feature world-class amenities designed to enhance your comfort and ease of living. With six unique floor plan designs to choose from. Tompkins Terrace is a beautifully landscaped property that will have you feel as though youâ€™re living in a first-class resort. We offer an outdoor childrenâ€™s play area for the youngsters, guest parking for when you invite friends and family to visit, as well as an on-site laundry facility so you never have to drag your clothes down to the local Laundromat again. TTY # (800) 662-1220
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 Beacon but actual income limits may differ for units at Tompkins Terrace.
|AMI Band||1 Person||2 Person||3 Person||4 Person||5 Person||6 Person||7 Person||8 Person|
|Very Low Income (50%)||$33,850||$38,650||$43,500||$48,300||$52,200||$56,050||$59,900||$63,800|
|Low Income (60%)||$40,620||$46,380||$52,200||$57,960||$62,640||$67,260||$71,880||$76,560|
Tompkins Terrace was built in part with financing obtained through the Low Income Housing Tax Credit (LIHTC) program. In addition to providing apartments for low-income households, this property could include some market rate units. Households earning 60% or less of the Area Median Income (AMI) qualify for targeted rental units in LIHTC financed housing. This property may also designate units for renters with even lower incomes, from 60% of AMI down to 30% AMI. It is even possible that all units have been set aside for those with extremely low incomes (as low as 15% of AMI). This means that the same size unit can rent for different amounts based on the income of the renter.
Figuring out income and rent limits for affordable housing can be complex especially when more than one federal program is involved. To know for sure if you qualify, you must contact the property directly. The amounts provided here should only be used as a basic guide.
Tompkins Terrace is managed by Related Companies.