Affordable Housing In Little Valley
Cattaraugus County, New York

2 Low Income Apartment Communities In Little Valley

Little Valley Terrace

415 Court St
Little Valley, NY
Accepts Vouchers

Little Valley Estates

114 1st St
Little Valley, NY
Accepts Vouchers
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Housing Authorities that serve Little Valley

Housing Authority Programs
Cattaraugus Development Corporation

Guide To Affordable Housing in Little Valley, New York

There are 2 low income housing apartment communities offering 48 affordable apartments for rent in Little Valley, New York. Little Valley features 0 low income apartments with rental assistance where households typically pay no more than 30% of their income towards rent. Additionally, there are 48 other low income apartments that don't provide direct rental assistance but remain affordable to low income households in Little Valley.

Sourced from federal housing data and AffordableHousingOnline.com research.

Little Valley, NY Affordable Housing Snapshot

Total Affordable Apartment Properties 2
Total Low Income Apartments 48
Total Housing Units with Rental Assistance 0
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

Little Valley is a City in Cattaraugus 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 Little Valley are renters.

Income and Rent Overburden in Little Valley

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

Area Median Income In Little Valley

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 Little Valley, the AMI is calculated from all households within Cattaraugus County.

In Little Valley, HUD calculates the Area Median Income for a family of four as $61,300

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 Little Valley

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 Little Valley HUD Rental Assistance in Little Valley

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 Little Valley

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
$585 $585 $716 $993 $1,101