About Michelangelo Apartments

Michelangelo Apartments is a 494 unit affordable housing community in New York City, New York. The community is located in the 15th Congressional District of New York.

Michelangelo Apartments participates in the Rental Assistance Payments program.

Rental Assistance Payments

Since this property has received funding through the HUD Section 236 program and the Rental Assistance Program (RAP), a tenant who earns 50% of the Area Median Income (AMI) or less qualifies for rental assistance. The rental assistance limits the tenant rent contribution to the greater of 10% of their gross income, 20% of their adjusted income, or a designated portion of welfare assistance. If a tenant's income is above the 50% AMI level, they may still qualify to live here but not benefit from the rent subsidy.

Income Limits

AMI Band 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
30% $19,050 $21,800 $24,500 $27,200 $29,400 $32,580 $36,730 $40,890
50% $31,750 $36,250 $40,800 $45,300 $48,950 $52,550 $56,200 $59,800
80% $50,750 $58,000 $65,250 $72,500 $78,300 $84,100 $89,900 $95,700
Project Based Rental Assistance