Oneonta Heights

1 Silver Ave, Oneonta, New York 13820

Oneonta Heights in Oneonta, New York is 60 total units of quality, affordable housing. The project consists of 7 buildings, 6 new construction and 1 rehab.

There is a 40-unit new construction senior building that contains community space, including computer lab, kitchen, laundry facilities, and on-site property management office. Four, four-family buildings and 2 two-family buildings round out the neighborhood revitalization project. Three of the new construction building sites required extensive abatement and demolition of existing structures.

The bedroom unit configuration of the project consists of:

(42) one-bedroom units;
(8) two-bedroom units and
(10) three-bedroom units. All units have washer/dryer hookups.
The buildings are in three “clusters” throughout the target neighborhood. The largest cluster is int Silver Creek site. Silver Creek was a 5+ acre undeveloped site conveniently located between Hartwick College and SUNY Oneonta.

Oneonta Heights Details

  • 60 bedroom units.
  • HOME Investment Partnerships Program
  • Low-Income Housing Tax Credit (LIHTC)
  • Section 8 Project-Based Voucher (PBV)

HOME Investment Partnerships Program

This project has received some funding from a participating jurisdiction (local or state government agency) through the HUD HOME Investments Partnerships Program (HOME). In projects with five or more HOME-assisted units, at least 20% of these units must be occupied by families earning 50% or less of area median income (AMI). All other HOME-assisted units must be occupied by families earning 80% or less of AMI, but in practice most are reserved for families earning 60% or less AMI. Maximum monthly rent is capped with a Low HOME Rent for <50% AMI units and a High HOME Rent for the remaining HOME-assisted units. Contact the property directly for the specific dollar amount of these rent caps.

Low-Income Housing Tax Credit (LIHTC)

Since this property has received funding in part through the Low Income Housing Tax Credit (LIHTC) program, a certain number of units are set aside for lower income households. Households must earn either less than 50% or 60% of the area median income (depending on the set-aside option chosen by the property owner) to qualify for these units. Rents in these units are capped at a maximum of 30% of the set-aside area median income (adjusted for unit size). Some rental units in this property may not be subject to LIHTC and therefore have higher rents and no maximum household income requirement.

Image of Oneonta Heights

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