Park Terrace Apts LIHTC Brooklyn, NY

Profile last updated · Data vintage: HUD LIHTC 2024

Park Terrace Apts is a Low-Income Housing Tax Credit (LIHTC) community in Brooklyn, NY with 72 units. Rents are set relative to household income.

72
total units
occupancy
avg resident rent
reported wait

Resident & program facts (HUD-reported)

Program(s)Low-Income Housing Tax Credit (LIHTC)
Address702 E 103rd St, Brooklyn, NY 11236 Map →
Tax-credit (LI) units71
Placed in service1996

How to apply at Park Terrace Apts

LIHTC tax-credit: units reserved for households within set income bands renting below market rate. Apply at the leasing office; you'll need steady income within limits.

  1. Call or visit the management office at 702 E 103rd St, Brooklyn; ask if the waitlist is open and request an application.
  2. Gather ID, Social Security cards, birth certificates, and proof of all income. Applications are always free.
  3. Claim eligible preferences (homelessness, veteran, local residency) with documentation.
  4. Respond fast to interview letters; verify rent expectations against your budget.

Other subsidized housing in Brooklyn

Nearby subsidized housing (within ~10 km)

PropertyLocationDistance
Vandalia Avenue Public HousingBrooklyn0.8 km
Langston Hughes Apts Public HousingBrooklyn1.1 km
Eny Development LIHTCPB Section 8Brooklyn1.1 km
Marcus Garvey Apartments PB Section 8Brooklyn1.4 km
Riverdale Osborne Towers PB Section 8Brooklyn1.4 km
Plaza Residences LIHTCPB Section 8Brooklyn1.4 km
Livonia Commons LIHTCPB Section 8Brooklyn1.4 km
Seth Low Public HousingBrooklyn2.2 km

← All subsidized housing in Brooklyn

Frequently asked questions

What kind of subsidy does Park Terrace Apts have?
Low-Income Housing Tax Credit (LIHTC). LIHTC tax-credit: units reserved for households within set income bands renting below market rate. Apply at the leasing office; you'll need steady income within limits.
How much is rent at Park Terrace Apts?
Rents are income-based: expect to pay roughly 30% of adjusted monthly household income under the building's federal program.
How do I apply at Park Terrace Apts?
Contact the management office at 702 E 103rd St in Brooklyn. Ask whether the waitlist is open, request an application, and claim any preferences you qualify for. There is never a fee to apply for HUD-subsidized housing.

Figures from HUD's Picture of Subsidized Households (FY2025) and/or LIHTC database (2024); administrative averages that may lag current conditions. Equal Housing Opportunity. This site is not affiliated with HUD or the property owner.