Gates Avenue Residence

500 Gates Avenue, Brooklyn, New York 10002

Gates Avenue Residence Details

  • 68 units.
  • Accepts Section 8 Housing Choice Vouchers (HCV)

Property Amenities

  • Community Room
  • Laundry Room
  • Grilling Area

About Gates Avenue Residence

New construction of a five-story supportive housing project with 68 studio units for adults with a history of mental illness and the community. Includes social services, community room, laundry room,  and landscaped outdoor space.

Low-Income Housing Tax Credit (LIHTC)

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.

Image of Gates Avenue Residence

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