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St. Margarets House

49 Fulton St, New York, NY 10038

St. Margarets House is an income-based apartment property for seniors at 49 Fulton St in New York, NY. 249 of its 251 apartments are subsidized, in 1 and 2-bedroom sizes. The rent assistance belongs to the apartment, so you apply to the property itself and you do not need a voucher.

Income-based apartments
249
of 251 total
Who it serves
Seniors 62+
Average tenant rent
$374/mo
rent and utilities
HUD inspection score
94 / 100
February 2026

How to apply to St. Margarets House

  1. Call the property office at (212) 766-8122 and ask whether the waiting list is open.
  2. Ask for an application. The property keeps its own waiting list; the housing authority's voucher list is a different line.
  3. Have ID, Social Security numbers and proof of income ready for everyone in the household. The office verifies income before it offers an apartment.

VoucherMatch does not take applications for this property and cannot tell you whether an apartment is open today. The office can.

About St. Margarets House

Address
49 Fulton St, New York, NY 10038
Program
Section 202 Supportive Housing for the Elderly
Who can live here
The head of household or their spouse generally has to be 62 or older. Some senior properties also admit younger adults with disabilities; the office can tell you whether this one does.
Rent
Residents pay about 30% of their adjusted income toward rent and HUD pays the rest to the property. Households here pay an average of $374 a month on an average income of $15,525 a year.
Subsidized apartments by size
226 1-bedroom, 23 2-bedroom
Other apartments
2 of the 251 apartments are not covered by the HUD contract. Ask the office about the rent there and whether a Housing Choice Voucher can be used.
Turnover
About 5% of households had moved in within the past year in HUD's latest resident report, which gives a rough sense of how often apartments open up.
Managed by
St Margarets House Housing Development Fund Corporation
HUD inspection
Scored 94 out of 100 on its last HUD physical inspection (February 2026). HUD treats 60 and above as passing.
HUD contract
The current rent assistance contract runs through February 2043. Contracts like this are typically renewed.
First occupied
1981

Income limits in New York County (FY2026)

Household income has to be at or below the very low income limit, which is 50% of the area median for your household size.

Household sizeExtremely low (30%)Very low (50%)Low (80%)
1 person$35,650$59,400$95,000
2 people$40,750$67,850$108,600
3 people$45,850$76,350$122,150
4 people$50,900$84,800$135,700
5 people$55,000$91,600$146,600
6 people$59,050$98,400$157,450
7 people$63,150$105,200$168,300
8 people$67,200$111,950$179,150

Source: HUD FY2026 income limits. Income is gross annual income for the whole household; the property verifies it when your name comes up on the waiting list.

Voucher-friendly listings in New York

3 listings

Browse these listings →

If you already have a housing voucher

A Housing Choice Voucher pays part of the rent in a privately owned apartment you find yourself. It cannot be used in an apartment that is already subsidized, so the 249 income-based apartments here are not an option for it. Browse landlords in New York who accept vouchers.

Frequently asked questions

How do I apply to St. Margarets House?
Apply to the property, not to the housing authority. Call the office at (212) 766-8122 and ask whether the waiting list is open and how to get an application. St. Margarets House keeps its own waiting list, separate from the Section 8 voucher list. Expect to show ID, Social Security numbers and proof of income for everyone in the household.
What is the income limit for St. Margarets House?
Household income has to be at or below the very low income limit, which is 50% of the area median for your household size. In New York County the FY2026 very low income limit is $59,400 a year for one person and $84,800 for a household of four.
How much is rent at St. Margarets House?
Residents pay about 30% of their adjusted income toward rent and HUD pays the rest to the property. HUD's most recent resident data shows households here paying an average of $374 a month toward rent and utilities. Your own share is calculated from your household's income when you move in and again each year.
Do I need a Section 8 voucher to live at St. Margarets House?
No. This is Section 202 Supportive Housing for the Elderly: the assistance is attached to the apartment, not to the tenant, so it is there when you move in and stays behind when you move out. 2 of the apartments are not subsidized; ask the office whether a Housing Choice Voucher can be used there.
Is St. Margarets House only for seniors?
HUD lists it as housing for the elderly. The head of household or their spouse generally has to be 62 or older. Some senior properties also admit younger adults with disabilities; the office can tell you whether this one does.

Other low income apartments near St. Margarets House

All 18 low income apartment properties in New York, NY → · Low income senior apartments in New York →

Property details from HUD’s Multifamily Assistance and Section 8 Contracts data and Picture of Subsidized Households, HUD property 800015886. Checked October 2026.