Gates Avenue Residence

500 Gates Avenue, New York City, NY 11216

Waiting List Forecast: Likely Short or None

check_circleVerified for 2019 by Connor Bailey, Joshua Cappell

Rent	Beds	Baths	SqFt
Call for Rents^†	Studio Bed	1 Bath	-

Call (212) 560-6711

Waitlist Forecast

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.

New construction of a five-story supportive housing project with 68 studio units for adults with a history of mental illness and the community. Includes social services, community room, laundry room, and landscaped outdoor space.

Dave's Thoughts On Gates Avenue Residence

Because Gates Avenue Residence participates in HUD's HOME program for rental housing and the LIHTC program, at least some of the units in this property are set aside for households earning 60% or less of the AMI and rents are capped at the local FMR and in many cases much lower. For a HOME project of this size, some of the units are set aside for households at or below 50% AMI with a corresponding lower rent cap. As this property appears not to have a project-based subsidy or any other Federal assistance, you likely will have to pay your own rent, albeit, at a lower rent amount thanks to the HOME and LIHTC programs. Since this property participates in the HOME and LIHTC programs, the property is required to accept Section 8 Housing Choice Vouchers.

~ Dave Layfield, Founder of Affordable Housing Online

Gates Avenue Residence Amenities

Community Room
Laundry Room
Grilling Area

Units at Gates Avenue Residence

Unit (Bd/Ba)	Ft²	Rent
Studio (Studio/1)	-	Call for Price^†

Income Qualification for Gates Avenue Residence

*AMI: Area Median Income. Renters qualify for different housing programs if their income is below a specified percentage of AMI.

AMI*	1 person	2 people	3 people	4 people	5 people	6 people	7 people	8 people
50% AMI for LIHTC Units	$49,450 / year	$56,500 / year	$63,550 / year	$70,600 / year	$76,250 / year	$81,900 / year	$87,550 / year	$93,200 / year
50% AMI for PBRA Units	$49,450 / year	$56,500 / year	$63,550 / year	$70,600 / year	$76,250 / year	$81,900 / year	$87,550 / year	$93,200 / year
60% AMI for LIHTC Units	$59,340 / year	$67,800 / year	$76,260 / year	$84,720 / year	$91,500 / year	$98,280 / year	$105,060 / year	$111,840 / year

*AMI: Area Median Income. Renters qualify for different housing programs if their income is below a specified percentage of AMI.

FAQs for Gates Avenue Residence

Does Gates Avenue Residence have a waiting list?

Gates Avenue Residence 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 Gates Avenue Residence?

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 Gates Avenue Residence, how many other affordable housing properties (and units) are there in New York City?

In addition to Gates Avenue Residence, we list 2637 other affordable properties in New York City. Learn about these properties here. Our data research shows that there are a total of 402423 affordable units in New York City.