About This Property
Wavecrest Apts II contains 122 low-income units in Far Rockaway, Queens, with 86 one-bedroom and 36 two-bedroom apartments. The property, placed in service in 2002, serves elderly and homeless residents and utilizes 4% LIHTC financing. Units are available for households meeting low-income eligibility requirements.
Property Details
Fair Market Rent - Queens 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 - Queens 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 Far Rockaway, NY?+
The Fair Market Rent (FMR) for Queens County, NY is: $2386 (Studio), $2451 (1BR), $2752 (2BR), $3434 (3BR), $3700 (4BR). Actual rent at subsidized properties like Wavecrest Apts Ii is typically 30% of household income or less.
What size apartments are available at Wavecrest Apts Ii?+
Wavecrest Apts Ii offers the following unit types: 86 One-Bedroom, 36 Two-Bedroom units, for a total of 122 units.
Who manages Wavecrest Apts Ii?+
Wavecrest Apts Ii is managed by . You can reach them at . Visit their website for more information.
How do I apply for housing at Wavecrest Apts Ii?+
Wavecrest Apts Ii 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.
Who is eligible to live at Wavecrest Apts Ii?+
Wavecrest Apts Ii primarily serves elderly residents, formerly homeless individuals. All applicants must also meet income eligibility requirements for the area. Contact the property for specific eligibility criteria.
What is the price range for apartments in Far Rockaway, NY?+
Based on Fair Market Rent for Queens County, the estimated price range is: 1-bedroom: $2451, 2-bedroom: $2752. Actual rent at Wavecrest Apts Ii may be lower for income-eligible households.
What are the income limits for affordable housing in Queens County, NY?+
For a 4-person household in Queens 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.
Walk Score
Very Walkable
Nearby Schools
Ratings provided by GreatSchools.org. Ratings are on a 1-10 scale.
More Affordable Housing Near Wavecrest Apts Ii
Oceanview 1, Oceanview 2 & Heyson Gardens
Queens, NY
328 UnitsBeach Channel Senior Residences
Queens, NY
153 UnitsAllen by the Bay Senior H
Far Rockaway, NY
66 UnitsOceanview, Oceanside, Heyson Gardens
Far Rockaway, NY
328 UnitsBeach Green North
Queens, NY
50 Units
Bch.41 St Bch. Channel Dr
Queens, NY
240 Units