New York

Tax credit apartments in Albany, NY

HUD's database lists 28 properties in Albany built or rehabbed with low-income housing tax credits: 3,286 apartments, 2,933 of them income-restricted. Rents in those units are capped while each property's affordability agreement runs, and you qualify by income; many properties still keep waiting lists.

Equal housing opportunity. Tax credit properties must follow the Fair Housing Act, which bars discrimination because of race, color, religion, sex, disability, familial status or national origin, and they may not refuse an applicant because the applicant holds a Housing Choice (Section 8) voucher (IRC 42(h)(6)(B)(iv)). Properties HUD lists as senior housing may limit who lives there by age only as the Fair Housing Act's housing-for-older-persons exemption allows. To report housing discrimination, call HUD at 1-800-669-9777.

LIHTC Atlas does not own, manage or rent these apartments and does not take applications. Contact each property's management for availability, rents and income rules. Listings come from HUD's database and may be out of date.

Albany Housing Authority

252 North Pearl Street, Albany, NY 12202

140 studio, 92 1BR, 72 2BR, 64 3BR, 16 4BR

Apartments
384
Income-restricted
381
Placed in service
2023

Arbor Hill Redevelopment

110 First St, Albany, NY 12210

13 1BR, 22 2BR, 13 3BR, 6 4BR

Apartments
54
Income-restricted
54
Placed in service
2007

Arbor Hill Redevelopment Phase 3b

42 N Swan St, Albany, NY 12210

2 1BR, 21 2BR

Apartments
23
Income-restricted
23
Placed in service
2009

Barn Raisers Family Housing

87 Third Ave, Albany, NY 12202

1 1BR, 3 2BR, 3 3BR

Apartments
8
Income-restricted
7
Placed in service
1991

Capitol Green

400 Central Ave, Albany, NY 12206

44 studio, 176 1BR, 88 2BR

Apartments
308
Income-restricted
298
Placed in service
2007

Clinton Avenue Historic

321 Clinton Avenue, Albany, NY 12207

2 studio, 131 1BR, 71 2BR, 12 3BR

Apartments
210
Income-restricted
187
Placed in service
2020

Corning Homes Hope VI

52 Jennings Dr, Albany, NY 12204

9 1BR, 80 2BR, 55 3BR, 16 4BR

Apartments
160
Income-restricted
160
Placed in service
2002

Creighton Storey Homes

158 Third Ave, Albany, NY 12202

34 1BR, 43 2BR, 42 3BR, 9 4BR

Apartments
128
Income-restricted
128
Placed in service
2007

De Paul Residence

504 Central Ave, Albany, NY 12206

26 studio

Apartments
51
Income-restricted
26
Placed in service
1993

Dudley Park Apts

180 Lark Dr, Albany, NY 12210

24 1BR, 63 2BR, 28 3BR, 20 4BR

Apartments
140
Income-restricted
135
Placed in service
2001

Ezra Prentice Homes

635 S Pearl St, Albany, NY 12202

Apartments
179
Income-restricted
n/a
Placed in service
n/a

Ida Yarbrough Homes Redevelopment

9 Harriet Myers Mews, Albany, NY 12209

17 2BR, 22 3BR, 22 4BR

Apartments
61
Income-restricted
61
Placed in service
2017

Ida Yarbrough Homes Redevelopment - Phase II

543-545 Lark Drive, Albany, NY 12210

19 1BR, 48 2BR, 4 3BR, 5 4BR

Apartments
76
Income-restricted
64
Placed in service
2018

Knox Street Apts

148 Knox St, Albany, NY 12208

34 1BR, 12 2BR, 1 3BR

Apartments
47
Income-restricted
47
Placed in service
2008

Lv Apartments LP

315 Northern Blvd., Albany, NY 12210

HUD lists it as senior housing · 7 studio, 59 1BR, 11 2BR

Apartments
103
Income-restricted
77
Placed in service
2015

Mansion Initiative

127 Grand St, Albany, NY 12202

15 1BR, 22 2BR, 1 3BR, 1 4BR

Apartments
39
Income-restricted
39
Placed in service
2006

Ohav Shalom

115 Krumkill Rd, Albany, NY 12208

HUD lists it as senior housing · 210 1BR

Apartments
210
Income-restricted
180
Placed in service
2015

Robinson Square Apartments

371 Madison Avenue, Albany, NY 12210

8 studio, 59 1BR, 34 2BR, 10 3BR, 5 4BR

Apartments
116
Income-restricted
113
Placed in service
2021

Sheridan Hollow Village 1

221 Sheridan Avenue, Albany, NY 12210

31 1BR, 10 2BR, 14 3BR, 2 4BR

Apartments
57
Income-restricted
47
Placed in service
2016

Skyline Garden Apts

7 Lark St, Albany, NY 12210

48 1BR, 103 2BR, 39 3BR

Apartments
190
Income-restricted
190
Placed in service
2001

South End Revitalization

21 Third Ave, Albany, NY 12202

34 1BR, 10 2BR, 5 3BR, 3 4BR

Apartments
52
Income-restricted
52
Placed in service
2009

South End Revitalization 2

35 Catherine St, Albany, NY 12202

5 1BR, 29 2BR, 9 3BR

Apartments
43
Income-restricted
43
Placed in service
2010

South Mall Towers

99 S Pearl St, Albany, NY 12207

HUD lists it as senior housing · 159 studio, 154 1BR, 9 2BR

Apartments
348
Income-restricted
322
Placed in service
2003

Southend Revitalization 3

67 Broad St, Albany, NY 12202

Apartments
56
Income-restricted
56
Placed in service
2013

Station 25

10 Morris Street, Albany, NY 12208

40 1BR, 11 2BR

Apartments
51
Income-restricted
51
Placed in service
2023

Swinburne Building - 5246

526 Central Ave, Albany, NY 12206

44 1BR, 27 2BR, 3 3BR

Apartments
74
Income-restricted
74
Placed in service
2020

Waldorf Residence

29 Maiden Ln, Albany, NY 12207

46 studio

Apartments
46
Income-restricted
46
Placed in service
1994

Whitehall Court Apts

360 Whitehall Rd, Albany, NY 12208

HUD lists it as senior housing · 51 1BR, 21 2BR

Apartments
72
Income-restricted
72
Placed in service
1998

Source: HUD's national LIHTC database (LIHTCPUB, revised May 28, 2026; projects placed in service through 2024). Properties a state agency has flagged as no longer monitored are left out; properties placed in service after 2024 are not in HUD's database yet.

How tax credit apartments work

Each income-restricted unit has a maximum rent set from the area's income limits: gross rent, including a utility allowance for tenant-paid utilities, can't go above 30% of the income limit for the unit's size. The rent doesn't change with your own income, so a household near the bottom of the range pays the same rent as one near the top. That's different from public housing or a voucher, where you pay a share of what you earn.

To qualify, your household's income has to be at or under the limit the unit is set at, usually 50% or 60% of the area median, and up to 80% in some buildings. Management checks income, and assets, when you apply. A household made up entirely of full-time students generally can't qualify, with exceptions in IRC 42(i)(3)(D) such as single parents and married students filing jointly. More on qualifying.

You can apply with a Housing Choice voucher, and the property can't turn you down because you have one.