The Western Avenue Senior Housing building features 40 studio apartments, at 100% tax credit.
The new 40 studio apartments are being rented to low income persons, 55 years of age or older, with incomes 50% below area median income (called AMI).
Seven of the apartments on the west public plaza of the new MarketFront are intended for practicing artists and crafts persons willing to participate in active use and programming of the area.
Unit (Bd/Ba) | Ft2 | Rent |
---|---|---|
Studio (Studio/1) | - | Call for Price |
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.