Madam CJ Walker Houses

Madam CJ Walker Houses is a Low-Income Housing Tax Credit apartment located New York, NY.
If you are looking for an affordable housing option, these rental apartments are supported by the LIHTC and having the applicable program rent and income restrictions.
The LIHTC gives incentives to builders and developers to provide affordable housing to low income persons. The maximum rent charged is based on the AMI, Area Median Income. This apartment may still be unaffordable to low income persons due to this AMI. Check the current rental rates to see if this is affordable to you. There are 40 low income apartments located here.

This program provides financing for affordable rental housing reserved for people earning a maximum income of up to $32,280 for an individual and up to $46,080 for a family of four (or 60% AMI).  Apartments created through this program are able to be rented out at affordable rents because of the low-cost financing offered through HDC.  Loans are provided to private for-profit and non-profit developers in the form of first mortgages, which are made through the proceeds from the sale of tax-exempt bonds.  Second mortgages are also used with this program and are funded through HDCs corporate reserves and typically provided at a 1% interest rate.  Furthermore, by using tax-exempt bonds the development automatically receives as of right 4% Federal Low Income Housing Tax Credits, which helps to further the affordability of these apartments.
Most apartments these days have waiting lists. We provide this listing so you can contact them directly at the number provided to see if you can apply and qualify to live here.

TIP: Knowing About LIHTC (Low Income Tax Credit) units for rent.Income from all of the adults expected to reside at this apartment must be included and verified at application time. Call for more details.
1 bedroom apartments at location
2 bedroom apartments at location
3 bedroom apartments at location