Cherry Street Residence

1700 E Genesee St, Syracuse, NY 13210

Waiting List Forecast: Likely Long or Closed

check_circleVerified for 2019 by Colleen Carter, Ric Gresia

Rent	Beds	Baths	SqFt
Call for Rents^†	Floorplan Info Upon Request	-	-

Dave's Thoughts On Cherry Street Residence

HUD’s Section 236 program provides mortgage insurance and interest reduction to developers for the production of low-cost rental housing. It is an older HUD program, with no new commitments since the 1970s,

~ Dave Layfield, Founder of Affordable Housing Online

Income Qualification for Cherry Street Residence

*AMI: Area Median Income. Renters qualify for different housing programs if their income is below a specified percentage of AMI.

AMI*	1 person	2 people	3 people	4 people	5 people	6 people	7 people	8 people
30% AMI for PBRA Units	$19,600 / year	$22,400 / year	$25,200 / year	$30,000 / year	$35,140 / year	$40,280 / year	$45,420 / year	$50,560 / year
50% AMI for LIHTC Units	$32,700 / year	$37,350 / year	$42,000 / year	$46,650 / year	$50,400 / year	$54,150 / year	$57,850 / year	$61,600 / year
50% AMI for PBRA Units	$32,700 / year	$37,350 / year	$42,000 / year	$46,650 / year	$50,400 / year	$54,150 / year	$57,850 / year	$61,600 / year
80% AMI for PBRA Units	$52,300 / year	$59,750 / year	$67,200 / year	$74,650 / year	$80,650 / year	$86,600 / year	$92,600 / year	$98,550 / year

*AMI: Area Median Income. Renters qualify for different housing programs if their income is below a specified percentage of AMI.

FAQs for Cherry Street Residence

In addition to Cherry Street Residence, how many other affordable housing properties (and units) are there in Syracuse?

In addition to Cherry Street Residence, we list 113 other affordable properties in Syracuse. Learn about these properties here. Our data research shows that there are a total of 8058 affordable units in Syracuse.