Nyack Point Apartments consists of a modern three story building, which includes a community room and a kitchen that is available for residents use for various social activities and holiday parties. All of the apartments are handicapped adaptable with onsite parking. Nyack Point Family Apartments, situated in a central location, is convenient to shopping, parks, schools, places of worship and public transportation. This spacious 33 unit rental complex was specifically designed for families, who meet certain income eligibility requirements. Each apartment has a modern kitchen, featuring a frost free refrigerator, oven, an attractive full bathroom, numerous closets and wall to wall carpeting.
Unit (Bd/Ba) | Ft2 | Rent |
---|---|---|
Studio (Studio/1) | 462 | From $734 |
One Bedroom (1/1) | 702 | From $451 To $1,200 |
Two Bedroom (2/1) | 967 | From $530 To $1,240 |
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 Nyack but actual income limits may differ for units at Nyack Point Apartments.
AMI Band | 1 Person | 2 Person | 3 Person | 4 Person |
---|---|---|---|---|
Very Low Income (50%) | $49,450 | $56,500 | $63,550 | $70,600 |
Low Income (60%) | $59,340 | $67,800 | $76,260 | $84,720 |
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.