West End Lofts

2 Liam Dr, Beacon, New York 12508

West End Lofts is designed in a way that will help artists grow and prosper at their profession. The Project is designed as a community setting, which will foster a strong sense of community. This design capitalizes on the already thriving artist community in the City of Beacon.

West End Lofts provides numerous amenities. In Addition to the certification of the building by LEED, other amenities include on-site laundry, on-site superintendent, on-site management office and space for the resident artist to display their art.

There are three separate common rooms, the first is a community room that will have computers for common use. The remaining common rooms are (Studio A), specifically designed as performance practice space and (Studio B), as a shared Artist Space.

Unit (Bd/Ba)	Ft²	Rent
One Bedroom (1/1)	-	From $715 To $1,099
Two Bedroom (2/1)	-	From $855 To $1,315

Eligibility for West End Lofts

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 Beacon but actual income limits may differ for units at West End Lofts.

AMI Band	1 Person	2 Person	3 Person	4 Person
Very Low Income (50%)	$41,650	$47,600	$53,550	$59,500
Low Income (60%)	$49,980	$57,120	$64,260	$71,400

West End Lofts Details

73 one and two bedroom units.
Low-Income Housing Tax Credit (LIHTC)
HOME Investment Partnerships Program

Property Amenities

Community Room
On-Site Manager
Laundry Room
Energy Efficient Design
Resident Lounge

Unit Amenities

High Ceilings
Individual heating and cooling systems

Office Hours

Day	Hours
Monday	9:00am-5:00pm
Tuesday	9:00am-5:00pm
Wednesday	9:00am-5:00pm
Thursday	9:00am-5:00pm
Friday	9:00am-5:00pm

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.

HOME Investment Partnerships Program

This project has received some funding from a participating jurisdiction (local or state government agency) through the HUD HOME Investments Partnerships Program (HOME). In projects with five or more HOME-assisted units, at least 20% of these units must be occupied by families earning 50% or less of area median income (AMI). All other HOME-assisted units must be occupied by families earning 80% or less of AMI, but in practice most are reserved for families earning 60% or less AMI. Maximum monthly rent is capped with a Low HOME Rent for <50% AMI units and a High HOME Rent for the remaining HOME-assisted units. Contact the property directly for the specific dollar amount of these rent caps.