Crannell Square

35 Catharine St, Poughkeepsie, New York 12601

Crannell Square is designed in a way that will help the artists grow and prosper at their profession. The Project is designed as a community setting, which will foster a strong sense of community. The lobby of the building, which fronts on Main Street, will also act as a Gallery space for the resident artist to show their work at no cost. This design will capitalize on the already thriving artist community in the City of Poughkeepsie.

All the units in Crannell Square will be set a below market rents. The artist units will start at $716.00 per month for a 1-bedroom and $851.00 for a 2-bedroom. The non-artist units will start at $1,099.00 per month for 1-bedroom and $1,395.00 for a 2-bedroom.

The building is LEED certified. In addition, the development boasts numerous amenities. Such amenities include on-site laundry, on-site super-intendent, on-site management office, on-site gallery space for the resident artists, a rooftop terrace with views of the Hudson Valley. There will be three separate common rooms, the first will be a community room that can also have three computers for common use. The remaining common rooms will be have the second (Studio A) specifically designed as performance practice space. The third (Studio B) as a shared Artist Space.

Unit (Bd/Ba)	Ft²	Rent
One Bedroom (1/1)	-	From $716 To $1,099
Two Bedroom (2/1)	-	From $851 To $1,395
Three Bedroom (3/1)	-	Call for Price

Eligibility for Crannell Square

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 Poughkeepsie but actual income limits may differ for units at Crannell Square.

AMI Band	1 Person	2 Person	3 Person	4 Person	5 Person	6 Person
Very Low Income (50%)	$41,650	$47,600	$53,550	$59,500	$64,300	$69,050
Low Income (60%)	$49,980	$57,120	$64,260	$71,400	$77,160	$82,860

Crannell Square Details

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

Property Amenities

Community Room
Clubhouse
On-Site Manager
Laundry Room
On-Site Maintenance
Smoke Free

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.