Palisade Towers

1-8 Schroeder St, Yonkers, New York 10701

Contact Palisade Towers

The Palisade Towers complex, located in the downtown area, consists of eight newly renovated buildings. Each building is eight-stories, has a new elevator, and is easily accessible to public transportation, medical services, restaurants, shopping and places of worship. The complex has 1- to 4-bedroom sized units, and there are multiple Handicap Accessible units on the property. The Palisade Towers complex has a community room, a laundry room and on-site parking. There is a new children’s playground and a basketball court on side for the residents to enjoy. All units are cable and Verizon Fios ready. The property is inside a gated community that offers controlled key access and a 24 hour security service. Available resident services include an affordable afterschool program and a summer camp program. The site also offers a free monthly food pantry and supportive services referrals are available through a collaboration with The Family Service Society for the City of Yonkers.

Unit (Bd/Ba)	Ft²	Rent
One Bedroom (1/1)	-	Call for Price
Two Bedroom (2/1)	-	Call for Price
Three Bedroom (3/1)	-	Call for Price
Four Bedroom (4/1)	-	Call for Price

Eligibility for Palisade Towers

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 Yonkers but actual income limits may differ for units at Palisade Towers.

AMI Band	1 Person	2 Person	3 Person	4 Person	5 Person	6 Person	7 Person	8 Person
Very Low Income (50%)	$51,400	$58,750	$66,100	$73,400	$79,300	$85,150	$91,050	$96,900
Low Income (60%)	$61,680	$70,500	$79,320	$88,080	$95,160	$102,180	$109,260	$116,280

Palisade Towers Details

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

Property Amenities

Playground
Basketball Court
Community Room
Laundry Room
Gated Community
On-Site Parking

Unit Amenities

Cable Ready

Nearby Amenities

Close to Shopping
Near Restaurants

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.