Promenade at Tuxedo Place

About This Building

Affordable Housing Option in Tuxedo Park, NY: Tuxedo Place Apartments Introduction: Tuxedo Place Apartments in Tuxedo Park, NY, offers affordable housing options through the Low-Income Housing Tax Credit (LIHTC) program. These rental apartments are designed to support low-income individuals and families. LIHTC and Rent Restrictions: The LIHTC program provides incentives to builders and developers to create housing options for low-income individuals. As a result, the maximum rent for these apartments is determined by the Area Median Income (AMI). However, it is important to note that the AMI may still make this apartment unaffordable for some low-income individuals. Determining Affordability: To assess affordability, it is recommended to check the current rental rates for Tuxedo Place Apartments. This will enable you to determine if this housing option aligns with your budget and financial situation. 40 Low-Income Apartments: Tuxedo Place Apartments encompasses 40 apartments specifically designed for low-income individuals and families. Due to the high demand for affordable housing, it is common for these apartments to have waiting lists. Application Process: To apply for residency, it is best to contact Tuxedo Place Apartments directly using the provided phone number. You can reach out to inquire about application requirements and determine if you qualify for this affordable housing option. Income Verification: During the application process, it is essential to include and verify the income of all adults who are expected to reside in the apartment. This is a crucial step to ensure compliance with the LIHTC program. Apartment Options: Tuxedo Place Apartments offers 1, 2, and 3-bedroom units. The availability of each apartment type may vary, and you can inquire about specific details during the application process.