The Meridian at Locust Manor is a 14 story affordable housing apartment complex that offers 82 multifamily units, which include studio, 1-, 2-, and 3-bedroom units.
Units are marketed from 30% AMI to 100% AMI while 13 apartments (representing 15% of the project) are set aside for formerly homeless individuals and families, with support services provided by Hour Children.
10% of the units (nine apartments) are accessible for those who have mobility impairments. Support services are provided by The Center for Independence of the Disabled and another four percent of the units (four apartments) are accessible to those who are hearing/ vision impaired, with support services provided by VISIONS/Services for the Blind and Visually Impaired.
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 (3/1) | - | Call for Price |
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 The Meridian at Locust Manor.
AMI Band | 1 Person | 2 Person | 3 Person | 4 Person | 5 Person | 6 Person |
---|---|---|---|---|---|---|
Very Low Income (50%) | $49,450 | $56,500 | $63,550 | $70,600 | $76,250 | $81,900 |
Low Income (60%) | $59,340 | $67,800 | $76,260 | $84,720 | $91,500 | $98,280 |
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.