Diamond Rock Terrace
Gurley Ave, Troy, NY
- Apartments
- 81
- Income-restricted
- n/a
- Placed in service
- n/a
New York
Tax credit apartments in Troy, NY
HUD's database lists 10 properties in Troy built or rehabbed with low-income housing tax credits: 735 apartments, 531 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 Listings come from HUD's database and may be out of date.
Diamond Rock Terrace Phase II (Federal)
13 Gurley Ave, Troy, NY 12182
HUD lists it as senior housing · 36 2BR
- Apartments
- 36
- Income-restricted
- 36
- Placed in service
- 2002
Hillside Views Neighborhood Revitalization
479 Tenth Street, Troy, NY 12180
33 1BR, 12 2BR, 4 3BR, 2 4BR
- Apartments
- 51
- Income-restricted
- 51
- Placed in service
- 2022
John F Kennedy Towers Senior Housing
2100 Sixth Ave, Troy, NY 12180
HUD lists it as senior housing · 104 1BR, 31 2BR
- Apartments
- 135
- Income-restricted
- 135
- Placed in service
- 2004
Martin Luther King Revitalization Ph 1
4 Eddy's Lane, Troy, NY 12180
12 2BR, 27 3BR, 7 4BR
- Apartments
- 46
- Income-restricted
- 41
- Placed in service
- 2018
Martin Luther King Revitalization Ph 2
101-106 Eddys Lane, Troy, NY 12180
10 2BR, 32 3BR, 16 4BR
- Apartments
- 58
- Income-restricted
- 37
- Placed in service
- 2020
Monument Square Apts
2 First St, Troy, NY 12180
HUD lists it as senior housing
- Apartments
- 88
- Income-restricted
- n/a
- Placed in service
- 2012
O'neil Apartments
2121 6th Ave, Troy, NY 12180
HUD lists it as senior housing · 122 1BR, 1 2BR
- Apartments
- 123
- Income-restricted
- 121
- Placed in service
- 2013
Tapestry On The Hudson
599 River Street, Troy, NY 12180
34 1BR, 33 2BR
- Apartments
- 67
- Income-restricted
- 61
- Placed in service
- 2017
Van Rensselaer Apts
105 Bloomingrove Dr, Troy, NY 12180
HUD lists it as senior housing · 49 1BR
- Apartments
- 50
- Income-restricted
- 49
- Placed in service
- 1995
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.