Low Income Apartments In New York City
New York city, New York

Low Income Apartments In New York City

Target V

1975 Grand Ave
New York City, NY
Income Based
Studio-3 BR
HCV Welcome
VASH Welcome

Oceanview

146 Beach 24th St.
New York City, NY
$980-1,183
1-2 BR
HCV Welcome

River Park Towers

55 Richman Plaza
New York City, NY
2 BR
Subsidized

Southern Boulevard I

712 Fox St
New York City, NY
Studio-4 BR
Subsidized

Remeeder Houses

331 Alabama Ave
New York City, NY
Subsidized

Good Neighbor Apartments

122 E. 104 Street
New York City, NY
Subsidized

2059 Madison Avenue

2059 Madison Avenue
New York City, NY
Subsidized

Thessalonica Court Apartments

350 Saint Anns Avenue
New York City, NY
Subsidized

Medgar Evers Houses

745 Gates Ave
New York City, NY
HCV Welcome

Grace Towers

2060 Pitkin Avenue
New York City, NY
Subsidized

There are 2,476 low income housing apartment complexes which contain 373,762 affordable apartments for rent in New York City, New York. Many of these rental apartments are income based housing with about 257,282 apartments that set rent based on your income. Often referred to as "HUD apartments", there are 55,208 Project-Based Section 8 subsidized apartments in New York City. There are 115,635 other low income apartments that don't have rental assistance but are still considered to be affordable housing for low income families.

Housing Authorities that serve New York City

Housing Authority Programs
New York City Deptartment of Housing Preservation and Development Section 8 Housing Choice Voucher
New York State Homes and Community Renewal Section 8 Housing Choice Voucher
New York City Housing Authority Section 8 Housing Choice Voucher; Public Housing

Other Housing Authorities located in New York City

Housing Authority Programs
New York State Housing Finance Agency Section 8 Housing Choice Voucher

Guide To Affordable Housing in New York City, New York

New York City, NY Affordable Housing Snapshot

Total Affordable Apartment Properties 2,476
Total Low Income Apartments 373,762
Total Rent Assisted Apartments 257,282
Percentage of Housing Units Occupied By Renters 68.16%
Average Renter Household Size 2.55
Total Population 8,426,743
Housing Units 3,113,535
Average Household Size 2.65
Median Household Income $53,373 ±$269
Median Rent $1,255 ±$4
Percentage Of Renters Overburdened 51.36% ± 0.28pp

Population and Household Demographics

New York City is a City in New York city, New York with a population of 8,426,743. There are 3,113,535 households in the city with an average household size of 2.65 persons. 68.16% of households in New York City are renters.

Income and Rent Overburden in New York City

The median gross income for households in New York City is $53,373 a year, or $4,448 a month. The median rent for the city is $1,255 a month.

Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In New York City, a household making less than $4,183 a month would be considered overburdened when renting an apartment at or above the median rent. 51.36% of households who rent are overburdened in New York City.1

Area Median Income In New York City

Affordable housing program eligibility is always determined by one's income. Each household's income is compared to the incomes of all other households in the area. This is accomplished through a statistic established by the government called the Area Median Income, most often referred to as AMI. The AMI is calculated and published each year by HUD.

HUD often uses an area larger than a city to determine the AMI because HUD anticipates those searching for housing will look beyond individual cities during their housing search. For New York City, the AMI is calculated from all households within New York city.

In New York City, HUD calculates the Area Median Income for a family of four as $0

Most affordable housing programs determine eligibility based on the percent of AMI a given household's income is. Among the programs that determine eligibility based on the AMI are Section 8, HOME, LIHTC, Section 515, 202 and 811.

Rental Assistance in New York City

Rental assistance is a type of housing subsidy that pays for a portion of a renter’s monthly housing costs, including rent and tenant paid utilities. This housing assistance can come in the form of Section 8 Housing Choice Vouchers, project-based Section 8 contracts, public housing, USDA Rental Assistance (in Section 515 properties) as well as HUD Section 202 and 811 properties for elderly and disabled households.

Low Income Housing Tax Credits in New York City

The Low-Income Housing Tax Credit (LIHTC) program aims to create affordable rental housing for low and very low income families.

From 1988 to 2012, 1,594 low income apartment communities containing 81,020 rental apartments have been constructed and made affordable to low income persons in New York City by the Low Income Housing Tax Credit Program.