70 Delaware Ave, Cohoes, NY 12047
Waiting List Forecast: Likely Short or None
Verified for 2024 by Colleen Carter| Rent | Beds | Baths | SqFt |
|---|---|---|---|
| Call for Rents† | 1 - 2 Beds | 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.
The Delaware is a mixed income, integrated supportive housing community that offers 1-bedroom and 2-bedroom apartment rentals. Thirty (30) of the 1-bedroom units are supportive housing units set aside for homeless and at-risk seniors age 62 or older OR 55 years or older with a documented disabling condition needing assistance. Each unit features a beautiful layout, high-end finishes, hot water included, and amazing views of the Hudson River. Building amenities include elevators, community rooms, fitness center, on-site laundry, and ample parking. Located on Van Schaick Island in Cohoes, The Delaware is close to major highways (I-787 and I-87) and is conveniently in between Albany and Saratoga. Tenants will enjoy being within walking distance to Peebles Island State Park and Van Schaick Country Club.
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 The Delaware 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) | - | Call for Price† |
| Two Bedroom (2/1) | - | Call for Price† |
| AMI* | 1 person | 2 people | 3 people | 4 people |
|---|---|---|---|---|
| 50% AMI for LIHTC Units | $39,300 / year | $44,900 / year | $50,500 / year | $56,100 / year |
| 50% AMI for PBRA Units | $39,300 / year | $44,900 / year | $50,500 / year | $56,100 / year |
| 60% AMI for LIHTC Units | $47,160 / year | $53,880 / year | $60,600 / year | $67,320 / year |
*AMI: Area Median Income. Renters qualify for different housing programs if their income is below a specified percentage of AMI.
Does The Delaware have a waiting list?
The Delaware 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 The Delaware?
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.
In addition to The Delaware, how many other affordable housing properties (and units) are there in Cohoes?
In addition to The Delaware, we list 17 other affordable properties in Cohoes. Learn about these properties here. Our data research shows that there are a total of 886 affordable units in Cohoes.
When was the The Delaware listing last updated?
The Delaware 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.
2 N Mohawk St, Cohoes, New York 12047
64 McElwain Ave Unit One bedroom, Cohoes, New York 12047
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