Located at 20 Cedar Street in Kingston, this $22 Million development is the first net-zero for living affordable housing development in Upstate New York. The new five-story building houses 56 mixed-income apartments managed by RUPCO; along with 10,000 square feet of civic and commercial space.
Unit (Bd/Ba) | Ft2 | Rent |
---|---|---|
Studio (Studio/1) | - | Call for Price |
One Bedroom (1/1) | - | Call for Price |
Two Bedroom (2/1) | - | Call for Price |
Three Bedroom (3/2) | - | Call for Price |
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.