CABRINI HOUSING DEVELOPMENT

CABRINI HOUSING DEVELOPMENT CABRINI HOUSING DEVELOPMENT FUND CORPORATION (HDFC) BEGAN ITS OPERATIONS IN OCTOBER 2005 TO PROVIDE AFFORDABLE HOUSING TO THE VERY LOW INCOME AND HANDICAPPED, ELDERLY POPULATION. THE GOAL: TO MAXIMIZE RESIDENTS ABILITY TO MAINTAIN THEIR INDEPENDENCE WHILE "AGING IN PLACE." THE RESIDENCE PROVIDES SECURITY, COMMUNITY, AND CONTINUITY, IMPORTANT HOUSING FEATURES FOR AGING RESIDENTS THAT OTHER HOUSING ASSISTANCE PROGRAMS MAY NOT PROVIDE. CONSISTING OF 70 ONE BEDROOM APARTMENTS, CABRINI HDFC HOUSED 84 RESIDENTS IN 2024 OF WHICH 68 OF THE HOUSEHOLD UNITS ARE CATEGORIZED AS EXTREMELY LOW INCOME (LESS THAN $32,650 FOR A ONE PERSON HOUSEHOLD AND $37,300 FOR A TWO PERSON HOUSEHOLD). VERY LOW INCOME IN THE NYC REGION IS DEFINED AS A HOUSEHOLD WITH AN INCOME OF LESS THAN $54,350 FOR A ONE PERSON HOUSEHOLD AND $62,150 FOR A TWO PERSON HOUSEHOLD.