Philmont Terrace Philmont

About This Building

Affordable Housing Option in Philmont, NY: Philmont Terrace Apartments Introduction: Philmont Terrace Apartments offer an excellent opportunity for individuals seeking affordable housing in Philmont, NY. Supported by the Low-Income Housing Tax Credit (LIHTC) program, these rental apartments have applicable rent and income restrictions, making them an ideal choice for low-income individuals. Providing Affordable Housing: The LIHTC program incentivizes builders and developers to create affordable housing options for low-income individuals. The maximum rent charged for these apartments is determined based on the Area Median Income (AMI). However, it is important to note that the AMI may still render this apartment unaffordable for some low-income individuals. To determine affordability, check the current rental rates. 32 Low-Income Apartments: Philmont Terrace Apartments consist of 32 low-income apartments. As demand for affordable housing is high, most apartments have waiting lists. We provide this listing to allow direct contact with the management, enabling you to inquire about application and qualification procedures. Considerations for Applicants: It is crucial to understand that all adults expected to reside in this apartment must include and verify their income at the time of application. For more information and specific details, feel free to reach out for further assistance. 1 Bedroom Apartments Available: Philmont Terrace Apartments offer 1-bedroom apartments, providing comfortable and affordable living spaces in an ideal location. Structure the text