3500 Park Ave., New York City, NY 10456
Waiting List Forecast: Likely Short or None
Verified for 2024 by Connor Bailey| Rent | Beds | Baths | SqFt |
|---|---|---|---|
| Call for Rents† | 1 Bed | 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.
A safe, affordable place to call home and a sense of belonging are basic human rights, but they carry far greater meaning to someone who is coping with mental illness or chronic homelessness. The new development at 3500 Park Avenue in the South Bronx provides supportive housing with on-site services to formerly homeless individuals with special needs and affordable rental units for the community, offering residents access to critical health services along with quality housing.
The supportive units serve high-need individuals who are ready to live independently in a residential setting with on-site case managers focused on recovery and self-reliance. All residents benefit from design features that promote safety and security, and amenities that affirm their dignity and foster pride in where they live. The project also supports resident involvement and community building with participation in tenant committees, cooking and nutritional programs, and gardening clubs.
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 Park Avenue Apartments 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 |
|---|---|---|
| One Bedroom (1/1) | - | Call for Price† |
| AMI* | 1 person | 2 people |
|---|
*AMI: Area Median Income. Renters qualify for different housing programs if their income is below a specified percentage of AMI.
Does Park Avenue Apartments have a waiting list?
Park Avenue Apartments 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 Park Avenue Apartments?
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 Park Avenue Apartments, how many other affordable housing properties (and units) are there in New York City?
In addition to Park Avenue Apartments, 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.
When was the Park Avenue Apartments listing last updated?
Park Avenue Apartments listing on Affordable Housing Online was last updated on 06/24/2024 by Connor Bailey. Remember, a property's status can change so you should contact the property to confirm.
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If you're a homeless veteran, contact your VA Medical Center.
You may have an opportunity to apply for a VASH voucher, which is a Section 8 voucher for homeless veterans.Monica Blackwell says:
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