49 N Broadway, 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.
Warburton Riverview continues L+M’s investment in, and partnership with, the City of Yonkers. This development is a catalyst in the city’s program to renew its downtown, The Project provides 92 new, multifamily apartments affordable to current and future families of Yonkers, and facilitates the City’s initiatives to create a signature four-acre central city river park, and a new 300-space, garage facility that will be developed on private land, and the financing of a new small business incubator and complementary loan fund. The project was completed in 2012.
managed by LM Development Partners
Because Warburton Riverview 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. For a HOME project of this size, some of the units are set aside for households at or below 50% AMI with a corresponding lower rent cap. As this property appears not to have a project-based subsidy or any other Federal assistance, you likely will have to pay your own rent, albeit, at a lower rent amount thanks to the HOME and LIHTC programs. Since this property participates in the HOME and LIHTC programs, 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 | $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 |
*AMI: Area Median Income. Renters qualify for different housing programs if their income is below a specified percentage of AMI.
Does Warburton Riverview have a waiting list?
Warburton Riverview 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 Warburton Riverview?
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.
In addition to Warburton Riverview, how many other affordable housing properties (and units) are there in Yonkers?
In addition to Warburton Riverview, 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 Warburton Riverview listing last updated?
Warburton Riverview 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.
Housing options for families with immigrants.
If the head of household is a citizen or eligible immigrant, you can still qualify for HUD programs with a citizenship requirement.Sabrina Roberts says:
"Affordable Housing Online is a wonderful resource that will assist an enormous amount of people."