Low Income (LIHTC)

Wales Avenue

592 Wales Ave, Bronx, NY, 10455

Information verified May 9, 2026·We re-check waiting list status daily

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About This Property

Wales Avenue comprises 57 units in the Bronx and was placed in service in 2014 using 4% Low Income Housing Tax Credits and tax-exempt bond financing. The property contains 67 studio apartments designated as low-income units.

Property Details

Total Units

Studio

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.

1 Person

Extremely Low (30%): $25,100
Very Low (50%): $41,800
Low (80%): $66,850

2 Persons

Extremely Low (30%): $28,650
Very Low (50%): $47,750
Low (80%): $76,400

3 Persons

Extremely Low (30%): $32,250
Very Low (50%): $53,700
Low (80%): $85,950

4 Persons

Extremely Low (30%): $35,800
Very Low (50%): $59,650
Low (80%): $95,450

5 Persons

Extremely Low (30%): $38,700
Very Low (50%): $64,450
Low (80%): $103,100

6 Persons

Extremely Low (30%): $41,550
Very Low (50%): $69,200
Low (80%): $110,750

7 Persons

Extremely Low (30%): $44,400
Very Low (50%): $74,000
Low (80%): $118,400

8 Persons

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

Tax Credit Program Details

Year Placed in Service

2014

LIHTC Credit Type

Low-Income Units

67 / 57

Funding Programs

Tax-Exempt BondRental Assistance

Designations

Difficult Development AreaQualified Census Tract

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 Wales Avenue is typically 30% of household income or less.

What size apartments are available at Wales Avenue?+

Wales Avenue offers the following unit types: 67 Studio units, for a total of 57 units.

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.

Who manages Wales Avenue?+

Wales Avenue is managed by . You can reach them at . Visit their website for more information.

How do I apply for housing at Wales Avenue?+

Wales Avenue is a Low-Income Housing Tax Credit (LIHTC) property. To apply, you can start by calling , or visiting their website, 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.

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