Park Ridge Towers II

25 Hard St, New Haven, Connecticut 06515

Contact Park Ridge Towers II

The Park Ridge Apartments complex represents the best of Section 8 Public Housing: a real lifestyle opportunity rather than a “filing cabinet” solution. Developed, designed, and built by Giordano in response to a community request, the two original high rise apartment buildings have been owned and managed by the Giordano companies for more than thirty years.

Eligibility for Park Ridge Towers II

Generally, households earning up to the income limit in the table below for their household size are eligible for units participating in a HUD rental assistance program in New Haven but actual income limits may differ for units at Park Ridge Towers II.

AMI Band	1 Person	2 Person	3 Person	4 Person	5 Person	6 Person	7 Person	8 Person
30%	$25,300	$28,900	$32,500	$36,100	$39,000	$41,900	$45,420	$50,560
50%	$42,150	$48,150	$54,150	$60,150	$65,000	$69,800	$74,600	$79,400
80%	$66,300	$75,750	$85,200	$94,650	$102,250	$109,800	$117,400	$124,950

Generally, households earning up to the income limit in the table below for their household size are eligible for units participating in the Low-Income Housing Tax Credit program in New Haven but actual income limits may differ for units at Park Ridge Towers II.

AMI Band	1 Person	2 Person	3 Person	4 Person	5 Person	6 Person	7 Person	8 Person
Very Low Income (50%)	$42,150	$48,150	$54,150	$60,150	$65,000	$69,800	$74,600	$79,400
Low Income (60%)	$50,580	$57,780	$64,980	$72,180	$78,000	$83,760	$89,520	$95,280

Park Ridge Towers II Details

28 bedroom units.
Section 8 Project-Based Rental Assistance (PBRA)
Low-Income Housing Tax Credit (LIHTC)

Section 8 Project-Based Rental Assistance (PBRA)

Since this property has a Project-Based Section 8 contract with HUD, some or all of the rents at this community are based on tenant incomes. Tenants leasing units participating in the Section 8 Project-Based Rental Assistance program typically contribute less than 30% of their adjusted income towards rental costs.

Low-Income Housing Tax Credit (LIHTC)

Since this property has received funding in part through the Low Income Housing Tax Credit (LIHTC) program, a certain number of units are set aside for lower income households. Households must earn either less than 50% or 60% of the area median income (depending on the set-aside option chosen by the property owner) to qualify for these units. Rents in these units are capped at a maximum of 30% of the set-aside area median income (adjusted for unit size). Some rental units in this property may not be subject to LIHTC and therefore have higher rents and no maximum household income requirement.