Low Income Apartments In Albion
Orleans County, New York

Low Income Apartments In Albion

Beechwood Apartments

50 Lydun Drive Ext
Albion, NY
Subsidized

Northwood Apartments

14352 Northwood Dr
Albion, NY
HCV Welcome

Creekwood Apartments

14350 Northwood Dr
Albion, NY
HCV Welcome

320 Hamilton St, Albion

320 Hamilton St
Albion, NY
HCV Welcome

Sandy Creek Apartments

17 Lydun Dr
Albion, NY
HCV Welcome

Albion Academy Apartments

16 E Academy St
Albion, NY
HCV Welcome
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There are 6 low income housing apartment complexes which contain 226 affordable apartments for rent in Albion. Many of these rental apartments are income based housing with 60 apartments that set rent based on your income. In Albion, HUD housing programs support 0 rental assistance apartments through programs like Project-based Section 8. There are 166 other low income apartments that don't have rental assistance but are cheaper than market rate rents.

Housing Authorities that serve Albion

Housing Authority Programs
Rochester Housing Authority Section 8 Housing Choice Voucher (HCV); Public Housing; Homeownership Voucher; Family Self-sufficiency; Veteran Affairs Supportive Housing (VASH); Section 8 Project-Based Voucher (PBV); Mainstream Voucher; Rental Assistance Demonstration (RAD); Housing Opportunities for Persons with AIDS (HOPWA); Family Unification Program (FUP)
Pathstone Corporation Section 8 Housing Choice Voucher (HCV)

Guide To Affordable Housing in Albion, New York

Albion, NY Affordable Housing Snapshot

Total Affordable Apartment Properties 6
Total Low Income Apartments 226
Total Rent Assisted Apartments 60
Percentage of Housing Units Occupied By Renters %
Average Renter Household Size 0.00
Total Population 0
Housing Units 0
Average Household Size 0.00
Median Household Income $0 ±$0
Median Rent $0 ±$0

Population and Household Demographics

Albion is a City in Orleans County, New York with a population of 0. There are 0 households in the city with an average household size of 0.00 persons. % of households in Albion are renters.

Income and Rent Overburden in Albion

The median gross income for households in Albion is $0 a year, or $0 a month. The median rent for the city is $0 a month.

Area Median Income In Albion

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.

HUD often uses an area larger than a city to determine the AMI because HUD anticipates those searching for housing will look beyond individual cities during their housing search. For Albion, the AMI is calculated from all households within Orleans County.

In Albion, HUD calculates the Area Median Income for a family of four as $75,700

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 Albion

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 Albion HUD Rental Assistance in Albion

Income 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
30% of Median $15,900 $18,200 $21,330 $25,750 $30,170 $34,590 $39,010 $43,430
50% of Median $26,500 $30,300 $34,100 $37,850 $40,900 $43,950 $46,950 $50,000
80% of Median $42,400 $48,450 $54,500 $60,550 $65,400 $70,250 $75,100 $79,950
Low Income Housing Tax Credits in Albion

The Low-Income Housing Tax Credit (LIHTC) program aims to create affordable rental housing for low and very low income families.

From 1992 to 2011, 5 low income apartment communities containing 156 rental apartments have been constructed and made affordable to low income persons in Albion by the Low Income Housing Tax Credit Program.

If your income is less than 60% of the Area Median Income (AMI), you should not expect to pay more than the rent value for a unit in the table below. However, Affordable apartment communities that receive funding through the Low Income Housing Tax Credit program may have rental units that are not subject to income and rent limits.

Rent limits for the LIHTC Program are determined so that a household making the maximum income for the expected household size of the unit would only pay 30% of their income for rent.

Income Qualifications for Low Income Housing Tax Credit Apartments in Albion

Income 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
60% of Median $31,800 $36,360 $40,920 $45,420 $49,080 $52,740 $56,340 $60,000

For example, the expected household size for a two bedroom apartment is 3 people. Using the table above, the maximum income for a 3 person household at 60% of the AMI in Albion is $40,920 a year, or $3,410 a month. To determine the maximum rent in the table below we multiply the monthly maximum income, $3,410 by 30% to get a maximum rent of $1,023 a month.

Rent for units in the LIHTC Program include a utility allowance which is determined by the average monthly cost of utilities paid directly by residents. This allowance has not been subtracted from the rents in the table below. These utility allowances are set on a property by property basis.

% of AMI Studio 1 Bed 2 Bed 3 Bed 4 Bed 5 Bed
50% $663 $710 $853 $984 $1,099 $1,212
60% $795 $852 $1,023 $1,181 $1,319 $1,454
Fair Market Rents in Albion

Fair Market Rents, often abbreviated as FMR, can be used to better understand the average housing costs of an area. Notably, Fair Market Rents are used to establish the payment standards for the Housing Choice Voucher Program, maximum rents in HOME financed rental projects and initial rents for Section 8 project based assistance.

2019 Fair Market Rents
Studio One BR Two BR Three BR Four BR
$650 $760 $951 $1,192 $1,285