186 Broad Street, Glens Falls, NY 12801
Waiting List Forecast: Likely Short or None
Verified for 2024 by Connor Bailey| Rent | Beds | Baths | SqFt |
|---|---|---|---|
| $717 - 1,207 per Month† | 1 - 3 Beds | 1 Bath | 726 - 1,147 Sq Ft |
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.
Broad Street Commons is centrally located along the Broad Street Gateway Corridor, linking the Northway (Route 87) with downtown Glens Falls. A vibrant shopping and services district awaits you, with a wide range of restaurant choices and retail stores along Broad Street, including a Hannaford Supermarket directly across the street. Easily accessible for cars and pedestrians, Greater Glens Falls Transit buses also stop steps from the building – taking you anywhere you want to go. With free on-site parking, Broad Street Commons combines superior quality rental apartments and easy access, with so many local amenities right at your building’s doorstep.
At Broad Street Commons, our LEED Certified Gold Building, eco-friendly state of the art apartments allow for a comfortable, yet stylish lifestyle in a convenient location. Each newly constructed, airy apartment will create pride and comfort in your new home. This community offers easy to use in-building laundry facilities and all the modern conveniences. Additionally, the building also has live-in maintenance staff on call for your needs. Broad Street Commons gives you the worry- free lifestyle you have been searching for – at rents that make sense.
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 Broad Street Commons 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.
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| Unit (Bd/Ba) | Ft2 | Rent |
|---|---|---|
| One Bedroom (1/1) | 726ft2 | $737 $873† |
| Two Bedroom (2/1) | 968ft2 | $717 $1,207† |
| Three Bedroom (3/1) | 1147ft2 | $1,021† |
| AMI* | 1 person | 2 people | 3 people | 4 people | 5 people | 6 people |
|---|---|---|---|---|---|---|
| 50% AMI for LIHTC Units | $31,750 / year | $36,250 / year | $40,800 / year | $45,300 / year | $48,950 / year | $52,550 / year |
| 50% AMI for PBRA Units | $31,750 / year | $36,250 / year | $40,800 / year | $45,300 / year | $48,950 / year | $52,550 / year |
| 60% AMI for LIHTC Units | $38,100 / year | $43,500 / year | $48,960 / year | $54,360 / year | $58,740 / year | $63,060 / year |
*AMI: Area Median Income. Renters qualify for different housing programs if their income is below a specified percentage of AMI.
Does Broad Street Commons have a waiting list?
Broad Street Commons 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 Broad Street Commons?
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 Broad Street Commons?
Broad Street Commons is managed by Regan Development Corporation headquartered in Ardsley, NY.
In addition to Broad Street Commons, how many other affordable housing properties (and units) are there in Glens Falls?
In addition to Broad Street Commons, we list 5 other affordable properties in Glens Falls. Learn about these properties here. Our data research shows that there are a total of 522 affordable units in Glens Falls.
When was the Broad Street Commons listing last updated?
Broad Street Commons listing on Affordable Housing Online was last updated on 06/18/2024 by Connor Bailey. Remember, a property's status can change so you should contact the property to confirm.
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