Affordable Housing In Alfred
Allegany County, New York

2 Low Income Apartment Communities In Alfred

Alfred Senior Housing

34 Glen St
Alfred, NY
62+
Accessible
Elderly Supportive Housing
Subsidized

Maple Apartments

30 Glen St
Alfred, NY
HCV Welcome
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Guide To Affordable Housing in Alfred, New York

There are 2 low income housing apartment communities offering 64 affordable apartments for rent in Alfred, New York. Alfred features 40 low income apartments with rental assistance where households typically pay no more than 30% of their income towards rent. Additionally, there are 24 other low income apartments that don't provide direct rental assistance but remain affordable to low income households in Alfred.

Sourced from federal housing data and AffordableHousingOnline.com research.

Alfred, NY Affordable Housing Snapshot

Total Affordable Apartment Properties 2
Total Low Income Apartments 64
Total Housing Units with Rental Assistance 40
Percentage of Housing Units Occupied By Renters %
Average Renter Household Size 0.00
Average Household Size 0.00
Median Household Income $0 ±$0
Median Rent $0 ±$0
Total Population 0

Population and Household Demographics

Alfred is a City in Allegany 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 Alfred are renters.

Income and Rent Overburden in Alfred

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

Area Median Income In Alfred

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 Alfred, the AMI is calculated from all households within Allegany County.

In Alfred, HUD calculates the Area Median Income for a family of four as $57,600

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 Alfred

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 Alfred HUD Rental Assistance in Alfred

Income 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
30% of Median $13,900 $16,910 $21,330 $25,750 $30,170 $34,590 $39,010 $43,430
50% of Median $23,200 $26,500 $29,800 $33,100 $35,750 $38,400 $41,050 $43,700
80% of Median $37,100 $42,400 $47,700 $52,950 $57,200 $61,450 $65,700 $69,900
Fair Market Rents in Alfred

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.

2020 Fair Market Rents
Studio One BR Two BR Three BR Four BR
$541 $583 $714 $923 $1,099