294 East 162 St., New York City, NY 10451
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 | - |
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.
East 162nd Street Court is a 12 story building with 126 apartments. It includes housing for formerly homeless families earning under 30% of AMI, low income individuals and families earning under 60% of AMI, and moderate income households earning under 90% of AMI.
Amenities at East 162nd Street court include an expansive community room with children's library, computer lab and kitchenette, an exercise room, a laundry room, and outdoor recreational space. The building complies with NYSERDA and Enterprise Green Communities program standards, with energy-efficient appliances, a large photovoltaic solar array, a green roof and other green features.
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 East 162 Street Court 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) | - | 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 |
|---|
*AMI: Area Median Income. Renters qualify for different housing programs if their income is below a specified percentage of AMI.
Does East 162 Street Court have a waiting list?
East 162 Street Court 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 East 162 Street Court?
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 East 162 Street Court?
East 162 Street Court is managed by B&B Urban headquartered in New York City, NY.
In addition to East 162 Street Court, how many other affordable housing properties (and units) are there in New York City?
In addition to East 162 Street Court, we list 2633 other affordable properties in New York City. Learn about these properties here. Our data research shows that there are a total of 401780 affordable units in New York City.
When was the East 162 Street Court listing last updated?
East 162 Street Court listing on Affordable Housing Online was last updated on 05/23/2024 by Connor Bailey. Remember, a property's status can change so you should contact the property to confirm.
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