22 South West St, Mount Vernon, NY 10550
Waiting List Forecast: Likely Short or None
Verified for 2024 by Connor Bailey| Rent | Beds | Baths | SqFt |
|---|---|---|---|
| Call for Rents† | Studio - 3 Beds | 1 Bath | - |
This property is currently under construction.
Beautiful modern 17 story building just 18 minutes from mid-town Manhattan. Amazing views of Manhattan Skyline and Hudson River. Amenities include rooftop clubhouse, outdoor lounge area, central laundry room on third floor with a children’s playroom adjacent to it as well as a fitness room. Apartments feature high end kitchens with dishwashers and microwaves. Spacious Italian porcelain bathrooms. Building designed to the U.S. Green Building Council’s Leadership in Energy and Environmental Design (LEED) Silver Certification.
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 22 South West Street 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 |
|---|---|---|
| Studio (Studio/1) | - | Call for Price† |
| One Bedroom (1/1) | - | Call for Price† |
| Two Bedroom (2/1) | - | Call for Price† |
| Three Bedroom (3/1) | - | Call for Price† |
| AMI* | 1 person | 2 people | 3 people | 4 people | 5 people | 6 people |
|---|---|---|---|---|---|---|
| 50% AMI for LIHTC Units | $51,400 / year | $58,750 / year | $66,100 / year | $73,400 / year | $79,300 / year | $85,150 / year |
| 50% AMI for PBRA Units | $51,400 / year | $58,750 / year | $66,100 / year | $73,400 / year | $79,300 / year | $85,150 / year |
| 60% AMI for LIHTC Units | $61,680 / year | $70,500 / year | $79,320 / year | $88,080 / year | $95,160 / year | $102,180 / year |
*AMI: Area Median Income. Renters qualify for different housing programs if their income is below a specified percentage of AMI.
Does 22 South West Street have a waiting list?
22 South West Street 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 22 South West Street?
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 22 South West Street?
22 South West Street is managed by Cornell Pace Inc. headquartered in New Rochelle, NY.
In addition to 22 South West Street, how many other affordable housing properties (and units) are there in Mount Vernon?
In addition to 22 South West Street, we list 44 other affordable properties in Mount Vernon. Learn about these properties here. Our data research shows that there are a total of 2683 affordable units in Mount Vernon.
When was the 22 South West Street listing last updated?
22 South West Street listing on Affordable Housing Online was last updated on 06/20/2024 by Connor Bailey. Remember, a property's status can change so you should contact the property to confirm.
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