857B S Oyster Bay Rd, Bethpage, NY 11714
Waiting List Forecast: Likely Short or None
Verified for 2024 by Connor Bailey| Rent | Beds | Baths | SqFt |
|---|---|---|---|
| Call for Rents† | 1 Bed | 1 Bath | - |
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.
Oyster Bay Gardens is a LIHTC (Low Income Housing Tax Credit) property with 48 1-bedroom apartments. 36 of the apartments are for those 62 years of age or older and 12 of the apartments are for the developmentally disabled who are 55 years of age or older and eligible for services through the NYS Office of Persons with Development Disabilities.
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 Oyster Bay Gardens 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. As a LIHTC property that chose the 40/60 election, this property has agreed to set aside at least 40% of its units for families and individuals earning 60% of Area Median Income (AMI). Many properties have actually set aside more units than required by law, and in many cases all of the units at these properties are affordable to renters with lower incomes. 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) | - | Call for Price† |
| AMI* | 1 person | 2 people |
|---|---|---|
| 50% AMI for LIHTC Units | $53,900 / year | $61,600 / year |
| 50% AMI for PBRA Units | $53,900 / year | $61,600 / year |
| 60% AMI for LIHTC Units | $64,680 / year | $73,920 / year |
*AMI: Area Median Income. Renters qualify for different housing programs if their income is below a specified percentage of AMI.
Does Oyster Bay Gardens have a waiting list?
Oyster Bay Gardens 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 Oyster Bay Gardens?
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 Oyster Bay Gardens?
Oyster Bay Gardens is managed by Einsidler Management Inc. headquartered in Melville, Ny.
In addition to Oyster Bay Gardens, how many other affordable housing properties (and units) are there in Bethpage?
In addition to Oyster Bay Gardens, we list 3 other affordable properties in Bethpage. Learn about these properties here. Our data research shows that there are a total of 130 affordable units in Bethpage.
When was the Oyster Bay Gardens listing last updated?
Oyster Bay Gardens listing on Affordable Housing Online was last updated on 06/24/2024 by Connor Bailey. Remember, a property's status can change so you should contact the property to confirm.
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