139 Buffalo River Place, Buffalo, NY 14210
Waiting List Forecast: Likely Short or None
Verified for 2024 by Colleen Carter| Rent | Beds | Baths | SqFt |
|---|---|---|---|
| $539 - 1,786 per Month† | Studio - 4 Beds | 1 - 2 Baths | - |
This property is currently under construction.
Silo City offers affordable apartment homes ranging from studio to 4-bedroom floor plans. Each unit comes cable ready and features a fully-equipped kitchen, stackable washer/dryer in unit, and central air. Community amenities include a resident lounge, wellness center, fitness center, indoor park, atrium, and off-street parking.
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 Silo City Phase I 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 |
|---|---|---|
| Studio (Studio/1) | - | $539 $855† |
| One Bedroom (1/1) | - | $577 $1,154† |
| Two Bedroom (2/1) | - | $693 $1,386† |
| Three Bedroom (3/2) | - | $800 $1,600† |
| Four Bedroom (4/2) | - | $1,786† |
| AMI* | 1 person | 2 people | 3 people | 4 people | 5 people | 6 people | 7 people | 8 people |
|---|---|---|---|---|---|---|---|---|
| 50% AMI for LIHTC Units | $32,500 / year | $37,150 / year | $41,800 / year | $46,400 / year | $50,150 / year | $53,850 / year | $57,550 / year | $61,250 / year |
| 50% AMI for PBRA Units | $32,500 / year | $37,150 / year | $41,800 / year | $46,400 / year | $50,150 / year | $53,850 / year | $57,550 / year | $61,250 / year |
| 60% AMI for LIHTC Units | $39,000 / year | $44,580 / year | $50,160 / year | $55,680 / year | $60,180 / year | $64,620 / year | $69,060 / year | $73,500 / year |
*AMI: Area Median Income. Renters qualify for different housing programs if their income is below a specified percentage of AMI.
Does Silo City Phase I have a waiting list?
Silo City Phase I 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 Silo City Phase I?
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 Silo City Phase I?
Silo City Phase I is managed by Housing Visions headquartered in Syracuse, New York .
In addition to Silo City Phase I, how many other affordable housing properties (and units) are there in Buffalo?
In addition to Silo City Phase I, we list 181 other affordable properties in Buffalo. Learn about these properties here. Our data research shows that there are a total of 13083 affordable units in Buffalo.
When was the Silo City Phase I listing last updated?
Silo City Phase I listing on Affordable Housing Online was last updated on 07/10/2024 by Colleen Carter. Remember, a property's status can change so you should contact the property to confirm.
257 Virginia Strete, Buffalo, New York 14201
1140 Jefferson Ave., Buffalo, New York 14208
Do you have little or no income?
You can qualify for most rental assistance programs, including Section 8 and Public Housing, even if you have little or no income.Celeste Law says:
"Affordable Housing Online is a great source of information, and is very helpful in answering questions about Section 8 and Public Housing."