Affordable Housing Hub
Low Income (LIHTC)

Phhp Site #3

480 College Ave, Bronx, NY, 10451

Information verified April 18, 2026ยทWe re-check waiting list status daily

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About This Property

Phhp Site #3 offers 21 affordable units in the Bronx, including 20 low-income apartments with a mix of one-, two-, and three-bedroom floor plans. The property has been in service since 1993 and is financed through 9% Low-Income Housing Tax Credits. The site serves families and individuals experiencing homelessness.

Property Details

Total Units
21
1 Bedroom
5
2 Bedroom
10
3 Bedroom
5

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.

BedroomsFMR
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.

1 Person
Extremely Low (30%)
$25,100
Very Low (50%)
$41,800
Low (80%)
$66,850
2 Persons
Extremely Low (30%)
$28,650
Very Low (50%)
$47,750
Low (80%)
$76,400
3 Persons
Extremely Low (30%)
$32,250
Very Low (50%)
$53,700
Low (80%)
$85,950
4 Persons
Extremely Low (30%)
$35,800
Very Low (50%)
$59,650
Low (80%)
$95,450
5 Persons
Extremely Low (30%)
$38,700
Very Low (50%)
$64,450
Low (80%)
$103,100
6 Persons
Extremely Low (30%)
$41,550
Very Low (50%)
$69,200
Low (80%)
$110,750
7 Persons
Extremely Low (30%)
$44,400
Very Low (50%)
$74,000
Low (80%)
$118,400
8 Persons
Extremely Low (30%)
$47,300
Very Low (50%)
$78,750
Low (80%)
$126,000

Tax Credit Program Details

Year Placed in Service
1993
LIHTC Credit Type
9%
Low-Income Units
20 / 21
Target Population
FamiliesHomeless

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 Phhp Site #3 is typically 30% of household income or less.

What size apartments are available at Phhp Site #3?+

Phhp Site #3 offers the following unit types: 5 One-Bedroom, 10 Two-Bedroom, 5 Three-Bedroom units, for a total of 21 units.

Who is eligible to live at Phhp Site #3?+

Phhp Site #3 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 Phhp Site #3?+

Phhp Site #3 is managed by . You can reach them at . Visit their website for more information.

How do I apply for housing at Phhp Site #3?+

Phhp Site #3 is a Low-Income Housing Tax Credit (LIHTC) property. To apply, you can start by calling , or visiting their website, 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 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.

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 Phhp Site #3 may be lower for income-eligible households.

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Contact Information

Walk Score

Walker's Paradise

97
Walk
100
Transit
77
Bike

Nearby Schools

Ratings provided by GreatSchools.org. Ratings are on a 1-10 scale.

Location

Bronx County, NY

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Housing Resources in Bronx, NY

HUD-Approved Counseling Agencies

NEIGHBORHOOD HOUSING SERVICES OF NEW YORK CITY BRONX BRANCH

Mortgage Delinquency and Default Resolution CounselingPre-Purchase CounselingPre-Purchase Homebuyer Education Workshops

THE BRONX NEIGHBORHOOD HOUSING SERVICES CDC, INC.

Mortgage Delinquency and Default Resolution CounselingPre-Purchase CounselingPre-Purchase Homebuyer Education Workshops