178 Main St., Poughkeepsie, NY 12601
Waiting List Forecast: Likely Short or None
Verified for 2024 by Connor Bailey| Rent | Beds | Baths | SqFt |
|---|---|---|---|
| $716 - 1,395 per Month† | 1 - 2 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.
Queen City Lofts is designed in a way that will help the artists grow and prosper at their profession. The lobby of the building, which fronts on Main Street, will also act as a Gallery space for the resident artist to show their work at no cost. This design will capitalize on the already thriving artist community in the City of Poughkeepsie.
All the units in Queen City Lofts are set below market rents. The artist units will start at $716.00 per month for a 1-bedroom and $851.00 for a 2-bedroom. The non-artist units will start at $1,099.00 per month for 1-bedroom and $1,395.00 for a 2-bedroom.
The building is LEED certified. In addition, the development boasts numerous amenities. Such amenities include on-site laundry, on-site super-intendent, on-site management office, on-site gallery space for the resident artists, a rooftop terrace with views of the Hudson Valley. There are three separate common rooms, with the first having 3 community computers, the second (Studio A) being designed for performances, and the third (Studio B) as a shared artist space.
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 Queen City Lofts 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 (Artist) (1/1) | - | $716† |
| One Bedroom (Non-Artist) (1/1) | - | $1,099† |
| Two Bedroom (Artist) (2/1) | - | $851† |
| Two Bedroom (Non-Artist) (2/1) | - | $1,395† |
| AMI* | 1 person | 2 people | 3 people | 4 people |
|---|---|---|---|---|
| 50% AMI for LIHTC Units | $41,650 / year | $47,600 / year | $53,550 / year | $59,500 / year |
| 50% AMI for PBRA Units | $41,650 / year | $47,600 / year | $53,550 / year | $59,500 / year |
| 60% AMI for LIHTC Units | $49,980 / year | $57,120 / year | $64,260 / year | $71,400 / year |
*AMI: Area Median Income. Renters qualify for different housing programs if their income is below a specified percentage of AMI.
Does Queen City Lofts have a waiting list?
Queen City Lofts 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 Queen City Lofts?
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 Queen City Lofts?
Queen City Lofts is managed by Kearney Realty & Development Group headquartered in Baldwin Place , New York.
In addition to Queen City Lofts, how many other affordable housing properties (and units) are there in Poughkeepsie?
In addition to Queen City Lofts, we list 29 other affordable properties in Poughkeepsie. Learn about these properties here. Our data research shows that there are a total of 2518 affordable units in Poughkeepsie.
When was the Queen City Lofts listing last updated?
Queen City Lofts listing on Affordable Housing Online was last updated on 05/08/2024 by Connor Bailey. Remember, a property's status can change so you should contact the property to confirm.
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