Target V Apartments

1971 Grand Ave, New York City, New York 10453

Contact Target V Apartments

Target V Apartments are located the Morris Heights section of the Bronx, New York. The property consists of a total of 83 units of Project Based section 8 divided between two buildings.

Newly Renovated Apartments include:
HEAT AND HOT WATER INCLUDED.
New kitchen cabinets, energy-star refrigerators, new flooring, new bathrooms vanities.
Live in Superintendent, Professional On-Site Management & Responsive Maintenance Team.
24 hours surveillance system & Access control system.

Apartments are close to Public School PS306 and B, D and 4 Train Stations.

Waiting list closed is Closed

This waiting list is currently closed.

Last updated on September 28th, 2020

Eligibility for Target V Apartments

Generally, households earning up to the income limit in the table below for their household size are eligible for units participating in a HUD rental assistance program in New York City but actual income limits may differ for units at Target V Apartments.

AMI Band	1 Person	2 Person	3 Person	4 Person	5 Person	6 Person	7 Person	8 Person
30%	$29,650	$33,900	$38,150	$42,350	$45,750	$49,150	$52,550	$55,950
50%	$49,450	$56,500	$63,550	$70,600	$76,250	$81,900	$87,550	$93,200
80%	$79,200	$90,500	$101,800	$113,100	$122,150	$131,200	$140,250	$149,300

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 New York City but actual income limits may differ for units at Target V Apartments.

AMI Band	1 Person	2 Person	3 Person	4 Person	5 Person	6 Person	7 Person	8 Person
Very Low Income (50%)	$49,450	$56,500	$63,550	$70,600	$76,250	$81,900	$87,550	$93,200
Low Income (60%)	$59,340	$67,800	$76,260	$84,720	$91,500	$98,280	$105,060	$111,840

Target V Apartments Details

83 bedroom units.
Section 8 Project-Based Rental Assistance (PBRA)
Low-Income Housing Tax Credit (LIHTC)
Section 221 (d) (3)

Property Amenities

Controlled Access
On-Site Manager
On-Site Maintenance
Surveillance Cameras

Unit Amenities

Refrigerator
Heat and Hot Water Included
Energy Efficient Appliances
New Cabinets

Section 8 Project-Based Rental Assistance (PBRA)

Since this property has a Project-Based Section 8 contract with HUD, some or all of the rents at this community are based on tenant incomes. Tenants leasing units participating in the Section 8 Project-Based Rental Assistance program typically contribute less than 30% of their adjusted income towards rental costs.

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.