Affordable Housing In Lake Ronkonkoma
Suffolk County, New York

5 Low Income Apartment Communities In Lake Ronkonkoma

Brookwood on the Lake

1507 Round Pond Rd
Lake Ronkonkoma, NY
Call For Rent
Studio-2 BR
Subsidized

Option VI

2879 Lake Shore
Lake Ronkonkoma, NY
Accessible
Disabled Supportive Housing
Subsidized

Option Supported Housing Project IIi East

295 Richmond Blvd
Lake Ronkonkoma, NY
Accessible
Disabled Supportive Housing
Subsidized

Options Supp Housing IV

758 Hawkins Ave
Lake Ronkonkoma, NY
Accessible
Disabled Supportive Housing
Subsidized

Options Supported Housing Project XIV

31 David Ln
Lake Ronkonkoma, NY
Accessible
Disabled Supportive Housing
Subsidized
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Housing Authorities that serve Lake Ronkonkoma

Housing Authority Programs
Community Development Corporation of Long Island Inc Section 8 Housing Choice Voucher (HCV)

Guide To Affordable Housing in Lake Ronkonkoma, New York

According to federal housing data and AffordableHousingOnline.com research, there are 5 low income housing apartment communities offering 372 affordable apartments for rent in Lake Ronkonkoma, New York. Lake Ronkonkoma features 372 low income apartments with rental assistance where households typically pay no more than 30% of their income towards rent. Additionally, there are 0 other low income apartments that don't provide direct rental assistance but remain affordable to low income households in Lake Ronkonkoma.

Lake Ronkonkoma, NY Affordable Housing Snapshot

Total Affordable Apartment Properties 5
Total Low Income Apartments 372
Total Housing Units with Rental Assistance 372
Percentage of Housing Units Occupied By Renters 24.63%
Average Renter Household Size 2.10
Average Household Size 2.89
Median Household Income $87,296 ±$6,491
Median Rent $1,370 ±$50
Percentage Of Renters Overburdened 58.93% ± 9.64pp
Total Population 19,943

Population and Household Demographics

Lake Ronkonkoma is a City in Suffolk County, New York with a population of 19,943. There are 6,752 households in the city with an average household size of 2.89 persons. 24.63% of households in Lake Ronkonkoma are renters.

Income and Rent Overburden in Lake Ronkonkoma

The median gross income for households in Lake Ronkonkoma is $87,296 a year, or $7,275 a month. The median rent for the city is $1,370 a month.

Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Lake Ronkonkoma, a household making less than $4,567 a month would be considered overburdened when renting an apartment at or above the median rent. 58.93% of households who rent are overburdened in Lake Ronkonkoma.1

Area Median Income In Lake Ronkonkoma

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 Lake Ronkonkoma, the AMI is calculated from all households within Suffolk County.

In Lake Ronkonkoma, HUD calculates the Area Median Income for a family of four as $124,000

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 Lake Ronkonkoma

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 Lake Ronkonkoma HUD Rental Assistance in Lake Ronkonkoma

Income 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
30% of Median $26,050 $29,800 $33,500 $37,200 $40,200 $43,200 $46,150 $49,150
50% of Median $43,400 $49,600 $55,800 $62,000 $67,000 $71,950 $76,900 $81,850
80% of Median $62,300 $71,200 $80,100 $88,950 $96,100 $103,200 $110,300 $117,450

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 Lake Ronkonkoma

Income 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
50% of Median $43,400 $49,600 $55,800 $62,000 $67,000 $71,950 $76,900 $81,850
60% of Median $52,080 $59,520 $66,960 $74,400 $80,400 $86,340 $92,280 $98,220

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 Lake Ronkonkoma is $66,960 a year, or $5,580 a month. To determine the maximum rent in the table below we multiply the monthly maximum income, $5,580 by 30% to get a maximum rent of $1,674 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% $1,085 $1,163 $1,395 $1,613 $1,799 $1,984
60% $1,302 $1,395 $1,674 $1,935 $2,159 $2,381
Fair Market Rents in Lake Ronkonkoma

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
$1,298 $1,624 $1,992 $2,563 $2,858