110 Ashburton Ave, Yonkers, NY 10701
Waiting List Forecast: Likely Short or None
Verified for 2023 by Lorena Bentley| 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.
One bedroom units located in Yonkers, NY.
Because Park Terrace participates in HUD's HOME program for rental housing and the LIHTC program, at least some of the units in this property are set aside for households earning 60% or less of the AMI and rents are capped at the local FMR and in many cases much lower. Because of the LIHTC program, additional units are set aside for households earning 50% or less of the AMI with corresponding lower rent caps.
~ Dave Layfield, Founder of Affordable Housing Online
| AMI* | 1 person | 2 people | 3 people | 4 people | 5 people | 6 people | 7 people | 8 people |
|---|---|---|---|---|---|---|---|---|
| 30% AMI for PBRA Units | $30,850 / year | $35,250 / year | $39,650 / year | $44,050 / year | $47,600 / year | $51,100 / year | $54,650 / year | $58,150 / year |
| 50% AMI for LIHTC Units | $51,400 / year | $58,750 / year | $66,100 / year | $73,400 / year | $79,300 / year | $85,150 / year | $91,050 / year | $96,900 / year |
| 50% AMI for PBRA Units | $51,400 / year | $58,750 / year | $66,100 / year | $73,400 / year | $79,300 / year | $85,150 / year | $91,050 / year | $96,900 / year |
| 60% AMI for LIHTC Units | $61,680 / year | $70,500 / year | $79,320 / year | $88,080 / year | $95,160 / year | $102,180 / year | $109,260 / year | $116,280 / year |
| 80% AMI for PBRA Units | $66,750 / year | $76,250 / year | $85,800 / year | $95,300 / year | $102,950 / year | $110,550 / year | $118,200 / year | $125,800 / year |
*AMI: Area Median Income. Renters qualify for different housing programs if their income is below a specified percentage of AMI.
Does Park Terrace have a waiting list?
Park Terrace 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 Park Terrace?
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 Park Terrace?
Park Terrace is managed by WinnCompanies headquartered in Boston, Massachusetts.
In addition to Park Terrace, how many other affordable housing properties (and units) are there in Yonkers?
In addition to Park Terrace, we list 63 other affordable properties in Yonkers. Learn about these properties here. Our data research shows that there are a total of 6106 affordable units in Yonkers.
When was the Park Terrace listing last updated?
Park Terrace listing on Affordable Housing Online was last updated on 01/02/2023 by Lorena Bentley. Remember, a property's status can change so you should contact the property to confirm.
Section 8 vouchers can be moved to another area.
Once certain conditions are met, a Section 8 voucher may be transferred to another area (known as "porting").Cathy Watkins says:
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