Colonna House Hempstead

About This Building

Colonna House Hempstead: Offering Affordable Housing Opportunities for Low-Income Individuals Location: Hempstead, NY Introduction: Colonna House Hempstead is a residential complex that caters to individuals in search of affordable housing options. This apartment building benefits from the Low-Income Housing Tax Credit (LIHTC) program, which ensures that rental rates are within reach for low-income residents. In order to maintain eligibility, it is essential to meet specific income restrictions. LIHTC Program Overview: The LIHTC program incentivizes builders and developers to create housing accommodations that are affordable for individuals with low incomes. The maximum rental charges are determined based on the Area Median Income (AMI). However, it is important to note that the AMI may still pose financial challenges for low-income individuals, thereby impacting their ability to afford these apartments. To determine affordability, current rental rates should be consulted. Apartment Details: 1. Number of Apartments: Colonna House Hempstead offers 36 low-income apartments. 2. Waiting List: Due to high demand, most apartments have waiting lists. Therefore, interested parties are advised to contact the management directly to inquire about availability and application procedures. Income Verification: To be considered for tenancy in this apartment building, the income of all adults planning to reside in the unit must be included and verified at the time of application. For more information, contact the management. Conclusion: Colonna House Hempstead presents an excellent opportunity for individuals seeking affordable housing. By participating in the LIHTC program, this residential complex aims to alleviate the financial burden on low-income residents. For further details and to determine eligibility, please contact the management directly.