Martin Luther King is managed by Troy Housing Authority.
Martin Luther King Apartments is a family development of the Troy Housing Authority consisting mainly of apartments for larger families. The site consists of 104 townhome style apartments and the former Eddy Family Mansion which provides offices for Troy Housing Authority administration and a maintenance garage.
MLK Apartments has recently completed renovations to update indoor and outdoor living spaces. MLK Apartments now feature a full basketball court, multiple playground areas and more greenspace. MLK Apartments feature 7 Laundry rooms and a Children’s Program/Community Center named the Lodge located in the center of the property. MLK Apartments is several blocks from the Capital District Transportation Authority bus depot and it is located on a picturesque hill near Frear Park and golf course.
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 Troy but actual income limits may differ for units at Martin Luther King.
AMI Band | 1 Person | 2 Person | 3 Person | 4 Person | 5 Person | 6 Person | 7 Person | 8 Person |
---|---|---|---|---|---|---|---|---|
Very Low Income (50%) | $39,300 | $44,900 | $50,500 | $56,100 | $60,600 | $65,100 | $69,600 | $74,100 |
Low Income (60%) | $47,160 | $53,880 | $60,600 | $67,320 | $72,720 | $78,120 | $83,520 | $88,920 |
Day | Hours |
---|---|
Monday | 8:00am-4:00pm |
Tuesday | 8:00am-4:00pm |
Wednesday | 8:00am-4:00pm |
Thursday | 8:00am-4:00pm |
Friday | 8:00am-4:00pm |
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.