25 Grant Street , North Tonawanda, NY 14120
Waiting List Forecast: Likely Short or None
Verified for 2024 by Connor Bailey| Rent | Beds | Baths | SqFt |
|---|---|---|---|
| Call for Rents† | 1 - 2 Beds | 1 Bath | 660 - 910 Sq Ft |
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.
Grant Street Apartments, located at 25 Grant Street, in the City of North Tonawanda, house 52 total apartments (44 1-bedroom and 8 2-bedroom). Some apartments have been specifically designed for people who are mobility and vision/hearing impaired; the remaining apartments are handicapped adaptable. The apartment buildings include a community room with kitchen, on-site laundry facilities and courtyards. Tenants may have one small pet. Safety features include a secure entrance and a 24-hour, on-call emergency service. The project is near a major bus route and easily accessible to a number of services and retail shops. The head of household must be 18 years or older and income eligible or 18 years of age or older with a diagnosed developmental disability, or on an affordable housing waiting list.
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 Grant Street School 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. 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
| Unit (Bd/Ba) | Ft2 | Rent |
|---|---|---|
| One Bedroom (1/1) | 660ft2 | Call for Price† |
| Two Bedrooms (2/1) | 910ft2 | Call for Price† |
| AMI* | 1 person | 2 people | 3 people | 4 people |
|---|---|---|---|---|
| 50% AMI for LIHTC Units | $32,500 / year | $37,150 / year | $41,800 / year | $46,400 / year |
| 50% AMI for PBRA Units | $32,500 / year | $37,150 / year | $41,800 / year | $46,400 / year |
| 60% AMI for LIHTC Units | $39,000 / year | $44,580 / year | $50,160 / year | $55,680 / year |
*AMI: Area Median Income. Renters qualify for different housing programs if their income is below a specified percentage of AMI.
Does Grant Street School Apartments have a waiting list?
Grant Street School 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 Grant Street School 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.
What property management company manges Grant Street School Apartments?
Grant Street School Apartments is managed by People Incorporated headquartered in Abingdon, VA.
In addition to Grant Street School Apartments, how many other affordable housing properties (and units) are there in North Tonawanda?
In addition to Grant Street School Apartments, we list 11 other affordable properties in North Tonawanda. Learn about these properties here. Our data research shows that there are a total of 555 affordable units in North Tonawanda.
When was the Grant Street School Apartments listing last updated?
Grant Street School Apartments listing on Affordable Housing Online was last updated on 06/05/2024 by Connor Bailey. Remember, a property's status can change so you should contact the property to confirm.
424 Tremont St, North Tonawanda, New York 14120
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