Completed in 2022, La Plaza de Virginia is a mixed-use building containing 46 units of affordable rental housing for very-low and low-income seniors ages 55 and over. The project includes commercial and community service facility space in the basement and on the first floor.
Unit (Bd/Ba) | Ft2 | Rent |
---|---|---|
One Bedroom (1/1) | - | From $550 To $650 |
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 Buffalo but actual income limits may differ for units at La Plaza de Virginia.
AMI Band | 1 Person | 2 Person |
---|---|---|
Very Low Income (50%) | $32,500 | $37,150 |
Low Income (60%) | $39,000 | $44,580 |
Day | Hours |
---|---|
Monday | 8:30am-4:30pm |
Tuesday | 8:30am-4:30pm |
Wednesday | 8:30am-4:30pm |
Thursday | 8:30am-4:30pm |
Friday | 8:30am-4:30pm |
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.