Terrific Tenements LIHTCPB Section 8 New York, NY
Profile last updated · Data vintage: HUD FY2025
Terrific Tenements is a Project-Based Section 8 community in New York, NY with 87 units reporting 99% occupancy. Assisted residents pay about $593/month on average.
87
total units
99%
occupancy
$593
avg resident rent
—
reported wait
Resident & program facts (HUD-reported)
| Program(s) | Project-Based Section 8, Low-Income Housing Tax Credit (LIHTC) |
|---|---|
| Address | 425 W 48th St, New York, NY 10036 Map → |
| Average household income | $24,861/yr |
| Average personal income | $15,493/yr |
| People per unit | 1.6 |
| Moved in within last year | 1% |
| Households below 30% AMI | 81% |
| Households below 50% AMI | 92% |
| One-bedroom share | 44% |
How to apply at Terrific Tenements
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.
- Call or visit the management office at 425 W 48th St, New York; ask if the waitlist is open and request an application.
- Gather ID, Social Security cards, birth certificates, and proof of all income. Applications are always free.
- Claim eligible preferences (homelessness, veteran, local residency) with documentation.
- Respond fast to interview letters; verify rent expectations against your budget (~$593/mo average here).
Other subsidized housing in New York
- Baruch Public Housing
- Frederick Douglass & Add. Public Housing
- Sen. Robert F. Wagner Sr. Public Housing
- George Washington Public Housing
- General Grant Public Housing
- Governor Smith Public Housing
- Wald Public Housing
- Jacob Riis Public Housing
- Vladeck Public Housing
- Polo Grounds Towers Public Housing
Nearby subsidized housing (within ~10 km)
| Property | Location | Distance |
|---|---|---|
| Gotham West LIHTCPB Section 8 | New York | 0.8 km |
| 605 West 42nd St. LIHTCPB Section 8 | New York | 0.8 km |
| River Place Ii LIHTC | New York | 0.8 km |
| 505 West 37th Street LIHTC | New York | 0.8 km |
| Amsterdam Public Housing | New York | 1.1 km |
| 625 West 57th Street LIHTCPB Section 8 | New York | 1.1 km |
| Two Waterline Square LIHTCPB Section 8 | New York | 1.1 km |
| Riverside Site 2 LIHTCPB Section 8 | New York | 1.1 km |
← All subsidized housing in New York
Frequently asked questions
What kind of subsidy does Terrific Tenements have?
Project-Based Section 8; 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 Terrific Tenements?
Residents report average rents near $593/month in HUD administrative data. Under most federal programs you pay roughly 30% of adjusted income — your actual amount depends on household income and unit size.
How do I apply at Terrific Tenements?
Contact the management office at 425 W 48th St in New York. 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.