About This Property
Franklin Avenue Apts offers 66 units of affordable housing in the Bronx, including 65 low-income units designated for families. The property contains 44 studio apartments and 22 two-bedroom units and has been in service since 2005. The development utilizes 9% Low-Income Housing Tax Credits to maintain affordability.
Property Details
Fair Market Rent - Bronx County, NY
FMR represents the estimated amount needed to cover rent and utilities for a moderately-priced unit in this area.
| Bedrooms | FMR |
|---|---|
| Studio/Efficiency | $2,386 |
| 1 Bedroom | $2,451 |
| 2 Bedroom | $2,752 |
| 3 Bedroom | $3,434 |
| 4 Bedroom | $3,700 |
Income Limits - Bronx County, NY
Annual income limits by household size used to determine eligibility for affordable housing programs.
- Extremely Low (30%)
- $25,100
- Very Low (50%)
- $41,800
- Low (80%)
- $66,850
- Extremely Low (30%)
- $28,650
- Very Low (50%)
- $47,750
- Low (80%)
- $76,400
- Extremely Low (30%)
- $32,250
- Very Low (50%)
- $53,700
- Low (80%)
- $85,950
- Extremely Low (30%)
- $35,800
- Very Low (50%)
- $59,650
- Low (80%)
- $95,450
- Extremely Low (30%)
- $38,700
- Very Low (50%)
- $64,450
- Low (80%)
- $103,100
- Extremely Low (30%)
- $41,550
- Very Low (50%)
- $69,200
- Low (80%)
- $110,750
- Extremely Low (30%)
- $44,400
- Very Low (50%)
- $74,000
- Low (80%)
- $118,400
- Extremely Low (30%)
- $47,300
- Very Low (50%)
- $78,750
- Low (80%)
- $126,000
| Household | Extremely Low (30%) | Very Low (50%) | Low (80%) |
|---|---|---|---|
| 1 Person | $25,100 | $41,800 | $66,850 |
| 2 Persons | $28,650 | $47,750 | $76,400 |
| 3 Persons | $32,250 | $53,700 | $85,950 |
| 4 Persons | $35,800 | $59,650 | $95,450 |
| 5 Persons | $38,700 | $64,450 | $103,100 |
| 6 Persons | $41,550 | $69,200 | $110,750 |
| 7 Persons | $44,400 | $74,000 | $118,400 |
| 8 Persons | $47,300 | $78,750 | $126,000 |
Advertisement
Tax Credit Program Details
Frequently Asked Questions
What is the average rent for affordable housing in Bronx, NY?+
The Fair Market Rent (FMR) for Bronx County, NY is: $2386 (Studio), $2451 (1BR), $2752 (2BR), $3434 (3BR), $3700 (4BR). Actual rent at subsidized properties like Franklin Avenue Apts (Bronx) is typically 30% of household income or less.
What size apartments are available at Franklin Avenue Apts (Bronx)?+
Franklin Avenue Apts (Bronx) offers the following unit types: 44 Studio, 22 Two-Bedroom units, for a total of 66 units.
What is the price range for apartments in Bronx, NY?+
Based on Fair Market Rent for Bronx County, the estimated price range is: 2-bedroom: $2752. Actual rent at Franklin Avenue Apts (Bronx) may be lower for income-eligible households.
Who manages Franklin Avenue Apts (Bronx)?+
Franklin Avenue Apts (Bronx) is managed by . You can reach them at .
Who is eligible to live at Franklin Avenue Apts (Bronx)?+
Franklin Avenue Apts (Bronx) primarily serves families, UNSPECIFIED. All applicants must also meet income eligibility requirements for the area. Contact the property for specific eligibility criteria.
What are the income limits for affordable housing in Bronx County, NY?+
For a 4-person household in Bronx County, NY, the income limits are: Extremely Low Income (30% AMI): $35,800, Very Low Income (50% AMI): $59,650, Low Income (80% AMI): $95,450. These limits are set by HUD and updated annually.
How do I apply for housing at Franklin Avenue Apts (Bronx)?+
Franklin Avenue Apts (Bronx) is a Low-Income Housing Tax Credit (LIHTC) property. To apply, you can start by calling , or contacting the property management office. Contact the property to learn about availability and application requirements. Eligibility is based on income limits set for the area.
Walk Score
Very Walkable
Nearby Schools
Ratings provided by GreatSchools.org. Ratings are on a 1-10 scale.
More Affordable Housing Near Franklin Avenue Apts (Bronx)
1374 Boston Rd
Bronx, NY
14 Units3716 Third Avenue, Llc
Bronx, NY
27 UnitsAegis Iii
Bronx, NY
20 UnitsEast 170th Street Associates, Lp
Bronx, NY
98 UnitsJ Arthur Jones Arms
Bronx, NY
30 UnitsPark Avenue Cluster
Bronx, NY
13 Units