East Lake Commons

18 E Cayuga St, Oswego, NY 13126

Waiting List Forecast: Likely Short or None

check_circleVerified for 2024 by Colleen Carter

Rent	Beds	Baths	SqFt
$630 - 1,167 per Month^†	1 - 2 Beds	1 Bath	-

Call (315) 216-6617 Email

Waitlist Forecast

Since this property is a LIHTC property that might not have a project based rental assistance contract, it is likely that it either has no waiting list or the waiting list is shorter than properties with rental assistance. You should contact the property to verify.

Note: Affordable Housing Online has not confirmed the waiting list status directly with the property. This waiting list status forecast is based on our housing experts' knowledge of similar properties. You should always confirm this status directly with the property.

East Lake Commons offers affordable 1-bedroom and 2-bedroom apartment homes. The building includes an elevator, office, community room and laundry services/hook-ups. The community features easy access to downtown amenities including the Oswego Port and Oswego River and will bring housing and other commercial services to the neighborhood. East Lake Commons is a smoke-free community equipped with a wide array of amenities.

Dave's Thoughts On East Lake Commons

This LIHTC property is among the most common types of affordable rental housing in the United States. The LIHTC program only provides subsidies to the building’s owner at construction. No subsidies are provided directly to the residents, but the owner must set rents affordable to low-income renters in the area. Our data suggests East Lake Commons does not participate in any project-based rent subsidy program. This means you must earn enough to pay the full rent or have your own Section 8 Housing Choice Voucher. For that reason, LIHTC properties tend to have shorter waiting lists or even none at all. LIHTC properties nationwide are required to accept housing vouchers. LIHTC properties were first built in the late 1980's. Because they tend to be newer, these properties are more likely to have larger units, more amenities, and greater tenant service offerings than other affordable housing programs. This property might be right for you if you have a housing voucher or enough income to pay rent, are looking for a high quality property, or need immediate availability. Since this property participates in the LIHTC program, the property is required to accept Section 8 Housing Choice Vouchers. As a LIHTC property that chose the 40/60 election, this property has agreed to set aside at least 40% of its units for families and individuals earning 60% of Area Median Income (AMI). Many properties have actually set aside more units than required by law, and in many cases all of the units at these properties are affordable to renters with lower incomes. Since this property participates in the LIHTC program, the property is required to accept Section 8 Housing Choice Vouchers.

~ Dave Layfield, Founder of Affordable Housing Online

East Lake Commons Amenities

Fitness Center
Community Room
Laundry Room

Units at East Lake Commons

Unit (Bd/Ba)	Ft²	Rent
One Bedroom (1/1)	-	$630 $975^†
Two Bedroom (2/1)	-	$740 $1,167^†

Income Qualification for East Lake Commons

*AMI: Area Median Income. Renters qualify for different housing programs if their income is below a specified percentage of AMI.

AMI*	1 person	2 people	3 people	4 people
30% AMI for PBRA Units	$19,600 / year	$22,400 / year	$25,200 / year	$30,000 / year
50% AMI for LIHTC Units	$32,700 / year	$37,350 / year	$42,000 / year	$46,650 / year
50% AMI for PBRA Units	$32,700 / year	$37,350 / year	$42,000 / year	$46,650 / year
60% AMI for LIHTC Units	$39,240 / year	$44,820 / year	$50,400 / year	$55,980 / year
80% AMI for PBRA Units	$52,300 / year	$59,750 / year	$67,200 / year	$74,650 / year

*AMI: Area Median Income. Renters qualify for different housing programs if their income is below a specified percentage of AMI.

FAQs for East Lake Commons

Does East Lake Commons have a waiting list?

East Lake Commons probably doesn't have a waiting list, and, if it does, the wait times are most likely short. We haven't confirmed if this is the case, so you should contact the property to confirm.

Are rents subsidized at East Lake Commons?

We believe rents are most likely NOT subsidized at any of the units at this property since our research has not discovered any public housing or rental assistance contracts associated with this property. This means you will most likely have to pay the full rent no matter your income. Note: In some rare instances, some properties may have a small number of units subsidized through state or private programs.

What property management company manges East Lake Commons?

East Lake Commons is managed by Home Leasing headquartered in Rochester, NY.

In addition to East Lake Commons, how many other affordable housing properties (and units) are there in Oswego?

In addition to East Lake Commons, we list 10 other affordable properties in Oswego. Learn about these properties here. Our data research shows that there are a total of 631 affordable units in Oswego.

When was the East Lake Commons listing last updated?

East Lake Commons listing on Affordable Housing Online was last updated on 07/08/2024 by Colleen Carter. Remember, a property's status can change so you should contact the property to confirm.