260 N Pearl St, Albany, NY 12207
Waiting List Forecast: Likely Short or None
Verified for 2024 by Connor Bailey, Lorena Bentley| Rent | Beds | Baths | SqFt |
|---|---|---|---|
| Call for Rents† | Studio - 1 Bed | 1 Bath | - |
Since this property is a LIHTC property that might not have a project based rental assistance contract, it is likely that it either has no waiting list or the waiting list is shorter than properties with rental assistance. You should contact the property to verify.
Note: Affordable Housing Online has not confirmed the waiting list status directly with the property. This waiting list status forecast is based on our housing experts' knowledge of similar properties. You should always confirm this status directly with the property.
The Ida Yarbrough Homes are an affordable housing community offering Studio and 1-bedroom units. This community recently went through a complete remodel updating all of the units with new appliances, new bathrooms, and new walls and ceilings. A community space is was also added for residents.
Because Ida Yarbrough Homes participates in HUD's HOME program for rental housing and the LIHTC program, at least some of the units in this property are set aside for households earning 60% or less of the AMI and rents are capped at the local FMR and in many cases much lower. For a HOME project of this size, some of the units are set aside for households at or below 50% AMI with a corresponding lower rent cap. As this property appears not to have a project-based subsidy or any other Federal assistance, you likely will have to pay your own rent, albeit, at a lower rent amount thanks to the HOME and LIHTC programs. Since this property participates in the HOME and LIHTC programs, the property is required to accept Section 8 Housing Choice Vouchers.
~ Dave Layfield, Founder of Affordable Housing Online
| Unit (Bd/Ba) | Ft2 | Rent |
|---|---|---|
| Studio (Studio/1) | - | Call for Price† |
| One Bedroom (1/1) | - | Call for Price† |
| AMI* | 1 person | 2 people |
|---|---|---|
| 50% AMI for LIHTC Units | $39,300 / year | $44,900 / year |
| 50% AMI for PBRA Units | $39,300 / year | $44,900 / year |
| 60% AMI for LIHTC Units | $47,160 / year | $53,880 / year |
*AMI: Area Median Income. Renters qualify for different housing programs if their income is below a specified percentage of AMI.
Does Ida Yarbrough Homes have a waiting list?
Ida Yarbrough Homes probably doesn't have a waiting list, and, if it does, the wait times are most likely short. We haven't confirmed if this is the case, so you should contact the property to confirm.
Are rents subsidized at Ida Yarbrough Homes?
We believe rents are most likely NOT subsidized at any of the units at this property since our research has not discovered any public housing or rental assistance contracts associated with this property. This means you will most likely have to pay the full rent no matter your income. Note: In some rare instances, some properties may have a small number of units subsidized through state or private programs.
In addition to Ida Yarbrough Homes, how many other affordable housing properties (and units) are there in Albany?
In addition to Ida Yarbrough Homes, we list 51 other affordable properties in Albany. Learn about these properties here. Our data research shows that there are a total of 4842 affordable units in Albany.
When was the Ida Yarbrough Homes listing last updated?
Ida Yarbrough Homes listing on Affordable Housing Online was last updated on 05/01/2024 by Connor Bailey. Remember, a property's status can change so you should contact the property to confirm.
Do you have little or no income?
You can qualify for most rental assistance programs, including Section 8 and Public Housing, even if you have little or no income.Judy Robinson Fiebiger says:
"Affordable Housing Online is an awesome website. It sure helps a lot of people who have financial issues."
