Eligibility, Low Income Housing Tax Credit

The Low Income Housing Tax Credit (LIHTC or Tax Credit) program was created by the Tax Reform Act of 1986 as an alternate method of funding housing for low- and moderate-income households, and has been in operation since 1987.

In addition to the common criteria for all SROs and family apartments, the following criteria apply for eligibility at Low Income Housing Tax Credit locations:

     
Criteria #1: Student Status
 
  • SRO's - Full time students cannot live at either the Waldorf or DePaul Residences. Part time student status is acceptable but must be documented.
  • Family Apartments - If the occupant or if all the occupants of a unit are full-time students, the unit will not be considered a qualifying tax credit unit unless one of the full-time students is:
    A single parent with children, none of which are declared as dependents on another Person’s tax return.
    Married and filing a joint federal tax return.
    Receiving AFDC payments on behalf of minor children.
    Enrolled in a job-training program receiving assistance under the Job Training Partnership Act or funded by a state or local government agency.
Criteria #2: Income limits
 
  • A Tax Credit Unit can be occupied by any household whose income does not exceed the maximum allowable income for their household size.

38 beds 136 Units 21 Low-Income Units


For Women:
Mercy House- 19 beds
Director of Shelter Services: Jean Dobbs
12 St. Joseph Ter., Albany
Ph: (518) 434-3531
Fax: (518)426-1276

For Men:
St. Charles Lwanga Center - 19 beds
Director of Shelter Services: Jean Dobbs
115 Grand St., Albany
Ph: (518) 465-4973
Fax: (518)449-3348

Read more about our shelters


DePaul Residence
- 50 units
Site Manager: Shyron Sanford
504 Central Ave
Albany, NY 12205
Ph: (518) 482-3248
Fax: (518) 482-0826

St Peter's Residence
- 35 units
Site Manager: Ken Lee
2335 Fifth Ave
Troy, NY 12345
Ph: (518) 273-3291
Fax: (518) 273-3169

Swyer Residence
- 5 units
Agent: Brenda McAteer
472 Western Avenue
Albany, NY 12208
Ph: (518) 459-0183

Waldorf Residence
46 units
Site Manager: Don Arnold
29 Maiden Lane
Albany, NY 12207
Ph: (518) 465-2612
Fax: (518) 465-2614

Rensselaer County Housing Coordinator: Charles Debrocky
Ph: (518) 273-3291

Read more about the SROs



(518) 459-0183

  • Lexington Avenue,
    9 apartments
    from 1-4 bedrooms in size.
  • Third Avenue
    8 apartments from 1-3 bedrooms in size
  • Clinton Avenue
    2 apartments both 2 bedrooms in size
  • Broad Street
    2 apartments - 1 studio and one 2 bedroom.


Read more about the family apartments


Deborah Damm O'Brien, Executive Director
Thomas Coates, Director of Operations

41 North Main Avenue
Albany, New York 12203
. p. 518.459.0183
. f. 518.459.0202