2751 Grand Concourse, New York City, NY 10453
Waiting List Forecast: Likely Short or None
Verified for 2023 by Colleen Carter, Ric Gresia| Rent | Beds | Baths | SqFt |
|---|---|---|---|
| Call for Rents† | Floorplan Info Upon Request | - | - |
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.
West Farms Square is an affordable housing development which consists of eight buildings and 526 units, originally constructed in the early 1970’s. Although the development had been maintained on an as-needed basis few substantial improvements were made in its first 40 years of existence.
In May 2011, Fordham Bedford Housing Corporation (FBHC) teamed up with University Neighborhood Housing Program (UNHP) to begin a much needed overhaul of the complex. By addressing deferred maintenance items and performing significant renovations the aim was to restore these affordable homes, improve energy efficiency, and reduce operational costs.
Bathrooms and kitchens have been renovated. Kitchens were equipped with Energy Star rated appliances and low-flow faucets. Electrical upgrades included sub-metering to track energy consumption on the unit level, new hallway lighting, and infrared occupancy sensors in utility rooms.
The site’s original single boiler was replaced with six high-efficiency boilers, and the steam heat system replaced with hydronic baseboards. Each unit is now equipped with a thermostat to control temperature and prevent wasted energy. The addition of three micro turbine-generators supplement electricity needs and the heat by-product will produce hot water. The roofs on all of the buildings have been coated with highly reflective paint as part of the NYC Cool Roofs program.
The grounds have been transformed from largely chained off, unusable spaces into secure recreational areas for residents. The landscaping includes benches, walkways, planted areas and three playgrounds. All of the playground surfaces are made from recycled materials and are permeable to help prevent pollution. One of the playgrounds is adjacent to a new community room used for children’s and senior programming.
FBHC and UNHP, along with all of their partners, have restored West Farms Square, preserving
526 homes for low- and middle-income families and securing another 40 years of affordability in our community.
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 West Farms Square 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. As a LIHTC property that chose the 40/60 election, this property has agreed to set aside at least 40% of its units for families and individuals earning 60% of Area Median Income (AMI). Many properties have actually set aside more units than required by law, and in many cases all of the units at these properties are affordable to renters with lower incomes. 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
| 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.
Does West Farms Square have a waiting list?
West Farms Square 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 West Farms Square?
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 West Farms Square?
West Farms Square is managed by Fordham-Bedford Housing Corporation(FBHC) headquartered in Bronx, New York.
In addition to West Farms Square, how many other affordable housing properties (and units) are there in New York City?
In addition to West Farms Square, 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 West Farms Square listing last updated?
West Farms Square listing on Affordable Housing Online was last updated on 01/02/2023 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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