About This Property
Riverrock Apts comprises 54 units in Brooklyn, with 53 designated as low-income housing. The property, which entered service in 2008, includes 16 one-bedroom and 37 two-bedroom units and serves homeless residents through 9% LIHTC financing and tax-exempt bond funding. This non-profit owned development operates under tax credit restrictions and serves the community's affordable housing needs.
Property Details
Fair Market Rent - Kings 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 - Kings 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 Brooklyn, NY?+
The Fair Market Rent (FMR) for Kings County, NY is: $2386 (Studio), $2451 (1BR), $2752 (2BR), $3434 (3BR), $3700 (4BR). Actual rent at subsidized properties like Riverrock Apts is typically 30% of household income or less.
What size apartments are available at Riverrock Apts?+
Riverrock Apts offers the following unit types: 16 One-Bedroom, 37 Two-Bedroom units, for a total of 54 units.
Who is eligible to live at Riverrock Apts?+
Riverrock Apts primarily serves formerly homeless individuals. All applicants must also meet income eligibility requirements for the area. Contact the property for specific eligibility criteria.
What is the price range for apartments in Brooklyn, NY?+
Based on Fair Market Rent for Kings County, the estimated price range is: 1-bedroom: $2451, 2-bedroom: $2752. Actual rent at Riverrock Apts may be lower for income-eligible households.
What are the income limits for affordable housing in Kings County, NY?+
For a 4-person household in Kings 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.
Who manages Riverrock Apts?+
Riverrock Apts is managed by . You can reach them at . Visit their website for more information.
How do I apply for housing at Riverrock Apts?+
Riverrock Apts 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.
Walk Score
Very Walkable
Nearby Schools
Ratings provided by GreatSchools.org. Ratings are on a 1-10 scale.
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