About This Property
Compass Residences 2b is a 163-unit affordable housing community in the Bronx that opened in 2017 and receives 4% Low-Income Housing Tax Credit funding. The property includes 31 studio apartments, 50 one-bedroom units, 60 two-bedroom units, and 22 three-bedroom units designated for low-income households. The development serves families and individuals experiencing homelessness.
Property Details
Fair Market Rent - Bronx County, NY
FMR represents the estimated amount needed to cover rent and utilities for a moderately-priced unit in this area.
| Bedrooms | FMR |
|---|---|
| Studio/Efficiency | $2,386 |
| 1 Bedroom | $2,451 |
| 2 Bedroom | $2,752 |
| 3 Bedroom | $3,434 |
| 4 Bedroom | $3,700 |
Income Limits - Bronx County, NY
Annual income limits by household size used to determine eligibility for affordable housing programs.
- Extremely Low (30%)
- $25,100
- Very Low (50%)
- $41,800
- Low (80%)
- $66,850
- Extremely Low (30%)
- $28,650
- Very Low (50%)
- $47,750
- Low (80%)
- $76,400
- Extremely Low (30%)
- $32,250
- Very Low (50%)
- $53,700
- Low (80%)
- $85,950
- Extremely Low (30%)
- $35,800
- Very Low (50%)
- $59,650
- Low (80%)
- $95,450
- Extremely Low (30%)
- $38,700
- Very Low (50%)
- $64,450
- Low (80%)
- $103,100
- Extremely Low (30%)
- $41,550
- Very Low (50%)
- $69,200
- Low (80%)
- $110,750
- Extremely Low (30%)
- $44,400
- Very Low (50%)
- $74,000
- Low (80%)
- $118,400
- Extremely Low (30%)
- $47,300
- Very Low (50%)
- $78,750
- Low (80%)
- $126,000
| Household | Extremely Low (30%) | Very Low (50%) | Low (80%) |
|---|---|---|---|
| 1 Person | $25,100 | $41,800 | $66,850 |
| 2 Persons | $28,650 | $47,750 | $76,400 |
| 3 Persons | $32,250 | $53,700 | $85,950 |
| 4 Persons | $35,800 | $59,650 | $95,450 |
| 5 Persons | $38,700 | $64,450 | $103,100 |
| 6 Persons | $41,550 | $69,200 | $110,750 |
| 7 Persons | $44,400 | $74,000 | $118,400 |
| 8 Persons | $47,300 | $78,750 | $126,000 |
Tax Credit Program Details
Frequently Asked Questions
What is the average rent for affordable housing in Bronx, NY?+
The Fair Market Rent (FMR) for Bronx County, NY is: $2386 (Studio), $2451 (1BR), $2752 (2BR), $3434 (3BR), $3700 (4BR). Actual rent at subsidized properties like Compass Residences 2b is typically 30% of household income or less.
What size apartments are available at Compass Residences 2b?+
Compass Residences 2b offers the following unit types: 31 Studio, 50 One-Bedroom, 60 Two-Bedroom, 22 Three-Bedroom units, for a total of 163 units.
What are the income limits for affordable housing in Bronx County, NY?+
For a 4-person household in Bronx County, NY, the income limits are: Extremely Low Income (30% AMI): $35,800, Very Low Income (50% AMI): $59,650, Low Income (80% AMI): $95,450. These limits are set by HUD and updated annually.
How do I apply for housing at Compass Residences 2b?+
Compass Residences 2b is a Low-Income Housing Tax Credit (LIHTC) property. To apply, you can start by calling , or contacting the property management office. Contact the property to learn about availability and application requirements. Eligibility is based on income limits set for the area.
What is the price range for apartments in Bronx, NY?+
Based on Fair Market Rent for Bronx County, the estimated price range is: 1-bedroom: $2451, 2-bedroom: $2752, 3-bedroom: $3434. Actual rent at Compass Residences 2b may be lower for income-eligible households.
Who is eligible to live at Compass Residences 2b?+
Compass Residences 2b primarily serves families, formerly homeless individuals. All applicants must also meet income eligibility requirements for the area. Contact the property for specific eligibility criteria.
Who manages Compass Residences 2b?+
Compass Residences 2b is managed by . You can reach them at .
Walk Score
Very Walkable
Nearby Schools
Ratings provided by GreatSchools.org. Ratings are on a 1-10 scale.
More Affordable Housing Near Compass Residences 2b
Compass Resdiences One B
Bronx, NY
127 UnitsCompass Residences 2a
Bronx, NY
64 UnitsRound Iv (Nickerson Terrace Redevelopment)
Bronx, NY
65 UnitsCompass Residence 2b Llc
Bronx, NY
164 UnitsCrotona Park Cluster
Bronx, NY
20 UnitsRound Iv Nickerson Terrace Redevelopment
Bronx, NY
65 Units