Affordable Housing In Cohoes
Albany County, New York

6 Low Income Apartment Communities In Cohoes

Ogden Mill Apartments

1 Ogden Mills Plz
Cohoes, New York
Income Based
1-2 BR
Subsidized

Lionheart Residences

100 Lionheart Manor
Cohoes, New York
Call For Rent
1-3 BR

Cayuga Plaza Apartments

100 Cayuga Plz
Cohoes, New York
Subsidized

Mcdonald Towers

19 Remsen St
Cohoes, New York

Roulier Heights Saratoga Sites

31 Saratoga Sites
Cohoes, New York

Manor Sites

1 Manor Sites
Cohoes, New York
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Section 8 Vouchers, Apartments, and Waiting Lists in Cohoes, New York

Public Housing Agencies operate federally assisted affordable housing programs at local levels on behalf of HUD. Notably, housing agencies are responsible for managing Section 8 Housing Choice Voucher, Public Housing, and Project-Based Voucher waiting lists within their jurisdiction.

Households who qualify for these programs may also qualify for Project-Based Section 8, which contributes rental assistance payments directly to private landlords on behalf of low-income tenants. Eligibility for the project-based program is similar to the voucher programs, but waiting list and application policies will vary depending on the landlord.

Public Housing Agencies Serving Cohoes, New York

Housing Authority Programs
Cohoes Housing Authority Section 8 Housing Choice Voucher (HCV); Public Housing; Family Self-Sufficiency; Veteran Affairs Supportive Housing (VASH); Mainstream Voucher

Guide To Affordable Housing in Cohoes, New York

There are 6 low income housing apartment communities offering 622 affordable apartments for rent in Cohoes, New York.

Income Based Apartments in Cohoes, New York

Cohoes features 551 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 Cohoes, New York

There are 71 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Cohoes.

Housing Choice Vouchers in Cohoes, New York

On average, Section 8 Housing Choice vouchers pay Cohoes landlords $500 per month towards rent. The average voucher holder contributes $400 towards rent in Cohoes.

The maximum amount a voucher would pay on behalf of a low-income tenant in Cohoes, New York for a two-bedroom apartment is between $1,086 and $1,328.

2022 Cohoes, New York Fair Market Rents and Housing Choice Voucher Payment Standards

Fair Market Rents can be used to better understand the average housing costs of an area. Fair Market Rents are used by HUD to establish payment and rent standards for federal rental assistance programs like the Section 8 Housing Choice Voucher Program.

Studio One BR Two BR Three BR Four BR
Cohoes, New York Fair Market Rent $890 $991 $1,207 $1,492 $1,637
Cohoes, New York Payment Standard Range $801 to $979 $892 to $1,090 $1,086 to $1,328 $1,343 to $1,641 $1,473 to $1,801

Sourced from federal housing data and AffordableHousingOnline.com research.

Cohoes, NY Affordable Housing Snapshot

Total Affordable Apartment Properties 6
Total Low Income Apartments 622
Total Housing Units with Rental Assistance 551
Percentage of Housing Units Occupied By Renters 57.05%
Average Renter Household Size 2.11
Average Household Size 2.22
Median Household Income $46,226 ±$3,208
Median Rent $825 ±$23
Percentage Of Renters Overburdened 38.76% ± 5.39pp
Total Population 16,281

Population and Household Demographics

Cohoes is a city in Albany County, New York with a population of 16,281. There are 7,027 households in the city with an average household size of 2.22 persons. 57.05% of households in Cohoes are renters.

Income and Rent Overburden in Cohoes

The median gross income for households in Cohoes is $46,226 a year, or $3,852 a month. The median rent for the city is $825 a month.

Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Cohoes, a household making less than $2,750 a month would be considered overburdened when renting an apartment at or above the median rent. 38.76% of households who rent are overburdened in Cohoes.

Area Median Income In Cohoes

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 Cohoes, the AMI is calculated from all households within Albany County.

In Cohoes, HUD calculates the Area Median Income for a family of four as $95,600

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 Cohoes

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 Cohoes

1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
30% AMI Income Limits
Renters earning up to 30% of the Cohoes AMI may qualify for rental assistance programs that target Extremely Low Income households.
$20,100 $23,000 $25,850 $28,700 $31,040 $35,580 $40,120 $44,660
50% AMI Income Limits
Renters earning up to 50% of the Cohoes AMI may qualify for rental assistance programs that target Very Low Income households.
$33,500 $38,250 $43,050 $47,800 $51,650 $55,450 $59,300 $63,100
80% AMI Income Limits
Renters earning up to 80% of the Cohoes AMI may qualify for rental assistance programs that target Low Income households.
$53,550 $61,200 $68,850 $76,500 $82,650 $88,750 $94,900 $101,000