127-10 Locust Manor Lane, New York City, NY 11434
Waiting List Forecast: Likely Short or None
Verified for 2022 by Colleen Carter, Ric Gresia| 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.
The Meridian at Locust Manor is a 14 story affordable housing apartment complex that offers 82 multifamily units, which include studio units, 1 bedroom units, two bedroom units and three bedroom units.
Units will be marketed from 30% AMI to 100% AMI while 13 apartments (representing 15% of the project) will be set aside for formerly homeless individuals and families, with support services provided by Hour Children.
10% of the units (nine apartments) will be accessible for those who have mobility impairments. Support services will be provided by The Center for Independence of the Disabled and another four percent of the units (four apartments) will be accessible to those who are hearing/ vision impaired, with support services provided by VISIONS/Services for the Blind and Visually Impaired.
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 The Meridian at Locust Manor 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† |
| 1 Bedroom (1/1) | - | Call for Price† |
| 2 Bedroom (2/1) | - | Call for Price† |
| 3 Bedroom (3/1) | - | Call for Price† |
| AMI* | 1 person | 2 people | 3 people | 4 people | 5 people | 6 people |
|---|---|---|---|---|---|---|
| 50% AMI for LIHTC Units | $49,450 / year | $56,500 / year | $63,550 / year | $70,600 / year | $76,250 / year | $81,900 / year |
| 50% AMI for PBRA Units | $49,450 / year | $56,500 / year | $63,550 / year | $70,600 / year | $76,250 / year | $81,900 / year |
| 60% AMI for LIHTC Units | $59,340 / year | $67,800 / year | $76,260 / year | $84,720 / year | $91,500 / year | $98,280 / year |
*AMI: Area Median Income. Renters qualify for different housing programs if their income is below a specified percentage of AMI.
Does The Meridian at Locust Manor have a waiting list?
The Meridian at Locust Manor 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 The Meridian at Locust Manor ?
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 The Meridian at Locust Manor ?
The Meridian at Locust Manor is managed by The D&F Development Group, LLC headquartered in Levittown, New York.
In addition to The Meridian at Locust Manor , how many other affordable housing properties (and units) are there in New York City?
In addition to The Meridian at Locust Manor , we list 2595 other affordable properties in New York City. Learn about these properties here. Our data research shows that there are a total of 392175 affordable units in New York City.
When was the The Meridian at Locust Manor listing last updated?
The Meridian at Locust Manor listing on Affordable Housing Online was last updated on 12/13/2022 by Affordable Housing Online research staff. Remember, a property's status can change so you should contact the property to confirm.
195 Steuben St, New York City, New York 10304
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