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Spinney Hill Homes I

35 Pond Hill Rd, Great Neck, New York 11020
Unit (Bd/Ba) Ft2 Rent
1 Bedroom (1/1) 667 From $805 To $1,507
2 Bedroom (2/1) 869 From $962 To $1,842
3 Bedroom (3/1) 974 From $1,108 To $2,385
4 Bedroom (4/1) 1169 From $1,553 To $2,663
10 year waiting list on all units is Closed

Last updated on February 23rd, 2018

Eligibility for Spinney Hill Homes I

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 Great Neck but actual income limits may differ for units at Spinney Hill Homes I.

AMI Band 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
Very Low Income (50%) $53,900 $61,600 $69,300 $76,950 $83,150 $89,300 $95,450 $101,600
Low Income (60%) $64,680 $73,920 $83,160 $92,340 $99,780 $107,160 $114,540 $121,920

Spinney Hill Homes I Details

  • 68 one, two, three and four bedroom units.
  • Low-Income Housing Tax Credit (LIHTC)

Unit Amenities

  • Storage
  • Washer and Dryer Included
  • Private Patios
  • New and Renovated Interior
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.