Queen City Lofts

178 Main St., Poughkeepsie, New York 12601

Queen City Lofts is designed in a way that will help the artists grow and prosper at their profession. 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 Queen City Lofts are set 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 are three separate common rooms, with the first having 3 community computers, the second (Studio A) being designed for performances, and the third (Studio B) as a shared artist space.

Unit (Bd/Ba)	Ft²	Rent
One Bedroom (Artist) (1/1)	-	From $716
One Bedroom (Non-Artist) (1/1)	-	From $1,099
Two Bedroom (Artist) (2/1)	-	From $851
Two Bedroom (Non-Artist) (2/1)	-	From $1,395

Eligibility for Queen City Lofts

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 Queen City Lofts.

AMI Band	1 Person	2 Person	3 Person	4 Person
Very Low Income (50%)	$41,650	$47,600	$53,550	$59,500
Low Income (60%)	$49,980	$57,120	$64,260	$71,400

Queen City Lofts Details

70 one and two bedroom units.
HOME Investment Partnerships Program
Low-Income Housing Tax Credit (LIHTC)

Property Amenities

Community Room
On-Site Manager
Laundry Room
Energy Efficient Design

Unit Amenities

Individual heating and cooling systems

Nearby Amenities

Near Library
Near Shopping
Near Restaurants
Close to Entertainment

HOME Investment Partnerships Program

This project has received some funding from a participating jurisdiction (local or state government agency) through the HUD HOME Investments Partnerships Program (HOME). In projects with five or more HOME-assisted units, at least 20% of these units must be occupied by families earning 50% or less of area median income (AMI). All other HOME-assisted units must be occupied by families earning 80% or less of AMI, but in practice most are reserved for families earning 60% or less AMI. Maximum monthly rent is capped with a Low HOME Rent for <50% AMI units and a High HOME Rent for the remaining HOME-assisted units. Contact the property directly for the specific dollar amount of these rent caps.

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.