Magnolia Plaza Hdfc Brooklyn

About This Building

Affordable Living at Magnolia Plaza HDFC - Brooklyn's Low-Income Housing Discover a Low-Income Housing Option in Brooklyn, NY If you are in search of affordable housing in Brooklyn, look no further than Magnolia Plaza HDFC. These rental apartments are supported by the LIHTC (Low-Income Housing Tax Credit) program, meaning they have specific rent and income restrictions in place. LIHTC: Encouraging Affordable Housing for Low Income Individuals Builders and developers are incentivized through the LIHTC program to provide housing options that are within reach for low-income individuals. The maximum rent charged for these apartments is determined based on the AMI (Area Median Income). However, it's important to note that, due to this parameter, the apartment may still be unaffordable for those with low-income. Check the Rental Rates for Affordability To assess whether this apartment is within your budget, we recommend checking the current rental rates. Keep in mind that there are 94 low-income apartments available at this location, and most apartments tend to have waiting lists. Contact the Management Team for Application and Eligibility We provide this listing to facilitate direct contact with the management team. Call the number provided to inquire about application processes and to determine if you qualify to live at Magnolia Plaza HDFC. Understanding LIHTC Units for Rent: Important Considerations When applying for this apartment, it's essential to include and verify the income from all adults expected to reside in the unit. Contact the management team for more details and information. Various Apartment Sizes Available Magnolia Plaza HDFC offers a range of apartment sizes to suit different needs: - 1 bedroom apartments at this location - 2 bedroom apartments at this location - 3 bedroom apartments at this location - 4 bedroom apartments at this location By structuring the text with headings, we aim to provide a clear and organized presentation of the information.