About This Property
Grace Towers Housing II contains 133 residential units in Mt. Vernon, NY, with 117 designated as low-income housing. The property offers a mix of one-, two-, and three-bedroom floor plans, comprising 44 one-bedroom, 88 two-bedroom, and 1 three-bedroom unit. The development was placed in service in 2010 and utilizes 4% Low-Income Housing Tax Credits and tax-exempt bond financing.
Property Details
Fair Market Rent - Westchester 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 | $1,648 |
| 1 Bedroom | $1,934 |
| 2 Bedroom | $2,352 |
| 3 Bedroom | $2,885 |
| 4 Bedroom | $3,132 |
Income Limits - Westchester County, NY
Annual income limits by household size used to determine eligibility for affordable housing programs.
- Extremely Low (30%)
- $26,800
- Very Low (50%)
- $44,650
- Low (80%)
- $63,400
- Extremely Low (30%)
- $30,600
- Very Low (50%)
- $51,000
- Low (80%)
- $72,450
- Extremely Low (30%)
- $34,450
- Very Low (50%)
- $57,400
- Low (80%)
- $81,500
- Extremely Low (30%)
- $38,250
- Very Low (50%)
- $63,750
- Low (80%)
- $90,550
- Extremely Low (30%)
- $41,350
- Very Low (50%)
- $68,850
- Low (80%)
- $97,800
- Extremely Low (30%)
- $44,400
- Very Low (50%)
- $73,950
- Low (80%)
- $105,050
- Extremely Low (30%)
- $47,450
- Very Low (50%)
- $79,050
- Low (80%)
- $112,300
- Extremely Low (30%)
- $50,500
- Very Low (50%)
- $84,150
- Low (80%)
- $119,550
| Household | Extremely Low (30%) | Very Low (50%) | Low (80%) |
|---|---|---|---|
| 1 Person | $26,800 | $44,650 | $63,400 |
| 2 Persons | $30,600 | $51,000 | $72,450 |
| 3 Persons | $34,450 | $57,400 | $81,500 |
| 4 Persons | $38,250 | $63,750 | $90,550 |
| 5 Persons | $41,350 | $68,850 | $97,800 |
| 6 Persons | $44,400 | $73,950 | $105,050 |
| 7 Persons | $47,450 | $79,050 | $112,300 |
| 8 Persons | $50,500 | $84,150 | $119,550 |
Tax Credit Program Details
Frequently Asked Questions
What is the average rent for affordable housing in Mt Vernon, NY?+
The Fair Market Rent (FMR) for Westchester County, NY is: $1648 (Studio), $1934 (1BR), $2352 (2BR), $2885 (3BR), $3132 (4BR). Actual rent at subsidized properties like Grace Towers Housing Ii is typically 30% of household income or less.
What size apartments are available at Grace Towers Housing Ii?+
Grace Towers Housing Ii offers the following unit types: 44 One-Bedroom, 88 Two-Bedroom, 1 Three-Bedroom units, for a total of 133 units.
How do I apply for housing at Grace Towers Housing Ii?+
Grace Towers Housing Ii 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 is the price range for apartments in Mt Vernon, NY?+
Based on Fair Market Rent for Westchester County, the estimated price range is: 1-bedroom: $1934, 2-bedroom: $2352, 3-bedroom: $2885. Actual rent at Grace Towers Housing Ii may be lower for income-eligible households.
Who manages Grace Towers Housing Ii?+
Grace Towers Housing Ii is managed by . You can reach them at . Visit their website for more information.
What are the income limits for affordable housing in Westchester County, NY?+
For a 4-person household in Westchester County, NY, the income limits are: Extremely Low Income (30% AMI): $38,250, Very Low Income (50% AMI): $63,750, Low Income (80% AMI): $90,550. These limits are set by HUD and updated annually.
Contact Information
Location
Westchester County, NY
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