Affordable Housing In Albany County
66 Low Income Apartment Communities In Albany County
Other Housing Authorities located in Albany County
|Albany Housing Authority||Section 8 Housing Choice Voucher (HCV); Public Housing|
|Cohoes Housing Authority||Section 8 Housing Choice Voucher (HCV); Public Housing; Family Self-Sufficiency; Veteran Affairs Supportive Housing (VASH); Mainstream Voucher|
|Watervliet Housing Authority||Section 8 Housing Choice Voucher (HCV); Public Housing|
|Town of Colonie Community Development||Section 8 Housing Choice Voucher (HCV)|
|Village of Green Island Housing Choice Voucher Program Office||Section 8 Housing Choice Voucher (HCV); Family Self-Sufficiency|
Guide To Affordable Housing in Albany County, New York
There are 66 low income housing apartment communities offering 5,706 affordable apartments for rent in Albany County, New York.
Income Based Apartments in Albany County, New York
Albany County features 4,160 income based apartments. Tenants of income based apartments typically pay no more than 30% of their income towards rent and utilities.
Low Rent Apartments in Albany County, New York
There are 1,546 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Albany County.
Housing Choice Vouchers in Albany County, New York
On average, Section 8 Housing Choice vouchers pay Albany County landlords $600 per month towards rent. The average voucher holder contributes $400 towards rent in Albany County.
Sourced from federal housing data and AffordableHousingOnline.com research.
Albany County, NY Affordable Housing Snapshot
|Total Affordable Apartment Properties||66|
|Total Low Income Apartments||5,706|
|Total Housing Units with Rental Assistance||4,160|
|Percentage of Housing Units Occupied By Renters||41.68%|
|Average Renter Household Size||2.06|
|Average Household Size||2.35|
|Median Household Income||$59,887 ±$1,280|
|Median Rent||$919 ±$10|
|Percentage Of Renters Overburdened||46.26% ± 1.59pp|
Population and Household Demographics
Albany County is a County in New York with a population of 307,463. There are 123,451 households in the county with an average household size of 2.35 persons. 41.68% of households in Albany County are renters.
Income and Rent Overburden in Albany County
The median gross income for households in Albany County is $59,887 a year, or $4,991 a month. The median rent for the county is $919 a month.
Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Albany County, a household making less than $3,063 a month would be considered overburdened when renting an apartment at or above the median rent. 46.26% of households who rent are overburdened in Albany County.1
Area Median Income In Albany County
Affordable housing program eligibility is always determined by one's income. Each household's income is compared to the incomes of all other households in the area. This is accomplished through a statistic established by the government called the Area Median Income, most often referred to as AMI. The AMI is calculated and published each year by HUD.
In Albany County, HUD calculates the Area Median Income for a family of four as $89,900
Most affordable housing programs determine eligibility based on the percent of AMI a given household's income is. Among the programs that determine eligibility based on the AMI are Section 8, HOME, LIHTC, Section 515, 202 and 811.
Rental Assistance in Albany County
Rental assistance is a type of housing subsidy that pays for a portion of a renter’s monthly housing costs, including rent and tenant paid utilities. This housing assistance can come in the form of Section 8 Housing Choice Vouchers, project-based Section 8 contracts, public housing, USDA Rental Assistance (in Section 515 properties) as well as HUD Section 202 and 811 properties for elderly and disabled households.
Income Qualifications for HUD Rental Assistance in Albany County
|Income||1 Person||2 Person||3 Person||4 Person||5 Person||6 Person||7 Person||8 Person|
|30% of Median||$18,900||$21,600||$24,300||$26,950||$30,170||$34,590||$39,010||$43,430|
|50% of Median||$31,500||$36,000||$40,500||$44,950||$48,550||$52,150||$55,750||$59,350|
|80% of Median||$50,350||$57,550||$64,750||$71,900||$77,700||$83,450||$89,200||$94,950|
Cities In Albany County
Select A City to View its Apartment Communities and Waiting Lists.
|Albany||47||The HUD funded Public Housing Agency that serves Albany is the Albany Housing Authority.|
|Watervliet||7||The HUD funded Public Housing Agency that serves Watervliet is the Watervliet Housing Authority.|
|Cohoes||5||The HUD funded Public Housing Agency that serves Cohoes is the Cohoes Housing Authority.|
|Green Island||2||The HUD funded Public Housing Agency that serves Green Island is the Village of Green Island Housing Choice Voucher Program Office.|
|Colonie||0||The HUD funded Public Housing Agency that serves Colonie is the Town of Colonie Community Development.|
|Preston Potter Hollow||0|