Affordable Housing In Glens Falls
Warren County, New York

5 Low Income Apartment Communities In Glens Falls

Village Green Apartments

35 Hudson Ave
Glens Falls, NY
Call For Rent
1-4 BR
Subsidized

Larose Gardens

31 Larose St
Glens Falls, NY

Stichman Towers

23 Jay St
Glens Falls, NY

Barkley Avenue

Barkley Ave
Glens Falls, NY
HCV Welcome

Cronin Earl Apartments

43 Ridge St
Glens Falls, NY
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There are 5 low income housing apartment complexes which contain 450 affordable apartments for rent in Glens Falls. Many of these rental apartments are income based housing with 442 apartments that set rent based on your income. In Glens Falls, HUD housing programs support 136 rental assistance apartments through programs like Project-based Section 8. There are 8 other low income apartments that don't have rental assistance but are cheaper than market rate rents.

Housing Authorities that serve Glens Falls

Housing Authority Programs
Glens Falls Housing Authority Section 8 Housing Choice Voucher (HCV); Public Housing

Guide To Affordable Housing in Glens Falls, New York

Glens Falls, NY Affordable Housing Snapshot

Total Affordable Apartment Properties 5
Total Low Income Apartments 450
Total Rent Assisted Apartments 442
Percentage of Housing Units Occupied By Renters 49.74%
Average Renter Household Size 2.00
Total Population 14,496
Housing Units 6,443
Average Household Size 2.22
Median Household Income $45,395 ±$3,760
Median Rent $806 ±$32
Percentage Of Renters Overburdened 49.67% ± 5.28pp

Population and Household Demographics

Glens Falls is a City in Warren County, New York with a population of 14,496. There are 6,443 households in the city with an average household size of 2.22 persons. 49.74% of households in Glens Falls are renters.

Income and Rent Overburden in Glens Falls

The median gross income for households in Glens Falls is $45,395 a year, or $3,783 a month. The median rent for the city is $806 a month.

Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Glens Falls, a household making less than $2,687 a month would be considered overburdened when renting an apartment at or above the median rent. 49.67% of households who rent are overburdened in Glens Falls.1

Area Median Income In Glens Falls

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 Glens Falls, the AMI is calculated from all households within Warren County.

In Glens Falls, HUD calculates the Area Median Income for a family of four as $69,700

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 Glens Falls

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 Glens Falls HUD Rental Assistance in Glens Falls

Income 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
30% of Median $14,650 $16,910 $21,330 $25,750 $30,170 $34,590 $39,010 $43,430
50% of Median $24,400 $27,900 $31,400 $34,850 $37,650 $40,450 $43,250 $46,050
80% of Median $39,050 $44,600 $50,200 $55,750 $60,250 $64,700 $69,150 $73,600

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 Glens Falls

Income 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
50% of Median $24,400 $27,900 $31,400 $34,850 $37,650 $40,450 $43,250 $46,050
60% of Median $29,280 $33,480 $37,680 $41,820 $45,180 $48,540 $51,900 $55,260

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 Glens Falls is $37,680 a year, or $3,140 a month. To determine the maximum rent in the table below we multiply the monthly maximum income, $3,140 by 30% to get a maximum rent of $942 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% $610 $654 $785 $906 $1,011 $1,116
60% $732 $785 $942 $1,088 $1,214 $1,340
Fair Market Rents in Glens Falls

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
$661 $761 $959 $1,231 $1,368