Silo City offers affordable apartment homes ranging from studio to 4-bedroom floor plans. Each unit comes cable ready and features a fully-equipped kitchen, stackable washer/dryer in unit, and central air. Community amenities include a resident lounge, wellness center, fitness center, indoor park, atrium, and off-street parking.
Unit (Bd/Ba) | Ft2 | Rent |
---|---|---|
Studio (Studio/1) | - | From $539 To $855 |
One Bedroom (1/1) | - | From $577 To $1,154 |
Two Bedroom (2/1) | - | From $693 To $1,386 |
Three Bedroom (3/2) | - | From $800 To $1,600 |
Four Bedroom (4/2) | - | $1,786 |
This property is currently under construction.
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 Silo City Phase I.
AMI Band | 1 Person | 2 Person | 3 Person | 4 Person | 5 Person | 6 Person | 7 Person | 8 Person |
---|---|---|---|---|---|---|---|---|
Very Low Income (50%) | $32,500 | $37,150 | $41,800 | $46,400 | $50,150 | $53,850 | $57,550 | $61,250 |
Low Income (60%) | $39,000 | $44,580 | $50,160 | $55,680 | $60,180 | $64,620 | $69,060 | $73,500 |
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.