The Olean Housing Authority administers
a public housing program. The housing authority owns and manages 4 projects which contain 306 affordable rental units.
According to HUD, Olean Housing Authority is determined to be a Medium Low public housing authority, meaning it manages between 250 - 499 public housing units.
Olean Housing Authority is among the 16% of New York housing authorities that only offer public housing. Section 8 assistance in its target area is administered by another nearby housing authority.
Source United States Department of Housing and Urban Development (hud.gov, 2014)
Public housing authorities provide several affordable housing assistance programs to renters and sometimes homeowners. Most of these programs are funded by the Federal government through the Department of Housing and Urban Development (HUD).
The two primary housing programs administered by housing authorities are the Section 8 Housing Choice Voucher Program and the Low Rent Housing Program, also known as Public Housing.
Section 8 vouchers provide a rental subsidy to renters that absorbs housing costs that exceed 30% of their income. Renters can use the voucher to rent private housing in apartment communities or privately owned homes. The rent is capped based on a Payment Standard that is determined by the housing authority based on market rents in the target area. Section 8 assistance is very limited across the country and typically waiting lists for the assistance can stretch out for a decade.
Public housing is rental housing owned and managed by housing authorities. Renters pay only 30% of their adjusted income. Typically, public housing consists of apartment developments but sometimes can be scattered single family homes in some suburban or rural housing authorities. Public housing was the first form of affordable housing provided to low income Americans. It is one of the oldest housing assistance programs in the country.
Every public housing project is inspected every one to three years by HUD.
Olean Housing Authority manages 4 rental properties which have an average
inspection score of 78. The scores for properties managed by
Olean Housing Authority range from a high of 84 to a low of 65.
The highest scoring property in the Olean Housing Authority portfolio is
South Court and the lowest scoring property is Olean House.
To be a passing score a public
housing property must have a score of 60 or more. 100%
of properties managed by Olean Housing Authority have a passing score.
Source United States Department of Housing and Urban Development (data.gov, 2014)
Tenants in public housing pay rent based on their income. Generally, the Total Tenant Payment (TTP) is 30% of the tenant’s adjusted income.
Olean Housing Authority owns and manages 306 public housing units in 4 properties.
The Average Total Tenant Payment for Olean Housing Authority is $332.00 compared to the state
average of $395.00.
The Average Total Tenant Payment for the state of New York ranges from a low of $259.00 to a high of $704.00.
Source Resident Characteristics Report (hud.gov, 2013)