News

What’s the rent amount I can charge for the 30% affordable units?

The Affordable New York Program allows renting the affordable units at market rate or close to market rate in most areas to the maximum of 130% AMI (See below detailed chart on bedrooms rent allowance which also depends on who bares the responsibility of paying utilities.)

 Utility’s included  Tenant pays utility’s
BR SIZE Gross Rent Electric Electric with Electric Stove Gas Electric & Gas
studio $2,375 $2,320 $2,307 $2,357 $2,302
1 BR $2,544 $2,487 $2,472 $2,525 $2,468
2 BR $3,051 $2,993 $2,975 $3,032 $2,974
3 BR $3,526 $3,452 $3,431 $3,506 $3,432
4 BR $3,932 $3,855 $3,830 $3,910 $3,833
5 BR $4,340 $4,252 $4,223 $4,317 $4,229