Pontiac Terrace Apartments

225 West 1st Street , Oswego, NY 13126

Waiting List Forecast: Likely Long or Closed

check_circleVerified for 2019 by Colleen Carter, Ric Gresia

Rent	Beds	Baths	SqFt
Call for Rents^†	Studio - 1 Bed	1 Bath	625 - 725 Sq Ft

Call (315) 342-1101 Email

Waitlist Forecast

Since this property may have a Section 8 Property Based Rental Assistance contract with rental assistance available to its residents, it is likely the property has a waiting list. Sometimes these waiting lists can be months or years long and may or may not be accepting new applicants. 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.

Pontiac Terrace is a historic building that was built in 1912 as the famous Pontiac Hotel and was completely redone in 1982. We offer wall-to-wall carpeting, new appliances, intercom access entry, on-site laundry and garbage removal services, 24 hr on-call maintenance and emergency pull cords just to name a few of the benefits.

Dave's Thoughts On Pontiac Terrace Apartments

This property participates in the Section 8 Project-Based Rental Assistance program meaning the rent for many, if not all, units is based on a tenant's income. You would not pay more than 30% of your income for rent. To qualify, you must earn 50% or less of the Area Median Income (AMI), which you can find on this page’s income chart. Also, project-based Section 8 properties tend to have longer waiting lists, with some with waiting lists going out for years. This property was also financed through a HUD-insured private mortgage meaning the owner has oversight from both a private bank and HUD. This usually means Pontiac Terrace Apartments is kept in good condition. Since this property has a project-based Section 8 contract, you won't need a Section 8 voucher to live here. If you have a voucher, you may have to give it up to live here.

~ Dave Layfield, Founder of Affordable Housing Online

Pontiac Terrace Apartments Amenities

Close to Business District
Close to Downtown District
Close to Public Transportation
Near Hospital
Near Park
Laundry Room
24hr Emergency Maintenance
Emergency Pull Cord
Cable Ready
Window Coverings
Carpet
Security System
Refrigerator
Heat and Hot Water Included
Walking Trails
On-Site Maintenance
Cable & Internet Ready
Fully Equipped Kitchen
24 Hour Maintenance
Energy Efficient Appliances
Accent Walls
Custom Blinds
Wall-to-Wall Carpeting

Units at Pontiac Terrace Apartments

Unit (Bd/Ba)	Ft²	Rent
Studio (Studio/1)	625ft²	Rent is Based On Your Income^†
1 BR (1/1)	725ft²	Rent is Based On Your Income^†

Income Qualification for Pontiac Terrace Apartments

*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	5 people	6 people	7 people	8 people
30% AMI for PBRA Units	$19,600 / year	$22,400 / year	$25,200 / year	$30,000 / year	$35,140 / year	$40,280 / year	$45,420 / year	$50,560 / year
50% AMI for LIHTC Units	$32,700 / year	$37,350 / year	$42,000 / year	$46,650 / year	$50,400 / year	$54,150 / year	$57,850 / year	$61,600 / year
50% AMI for PBRA Units	$32,700 / year	$37,350 / year	$42,000 / year	$46,650 / year	$50,400 / year	$54,150 / year	$57,850 / year	$61,600 / year
80% AMI for PBRA Units	$52,300 / year	$59,750 / year	$67,200 / year	$74,650 / year	$80,650 / year	$86,600 / year	$92,600 / year	$98,550 / year

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

FAQs for Pontiac Terrace Apartments

Does Pontiac Terrace Apartments have a waiting list?

Pontiac Terrace Apartments probably has a waiting list. Since our research has shown there is a project-based rental assistance associated with this property, the waiting list would be for the rent-assisted units. We haven't confirmed if this is the case, so you should contact the property to confirm.

Are rents subsidized at Pontiac Terrace Apartments?

We believe rents are most likely subsidized at all or some of the units since our research has turned up at least one public housing or rental assistance contract probably associated with this property.

What property management company manges Pontiac Terrace Apartments?

Pontiac Terrace Apartments is managed by Housing Management Resources headquartered in North Quincy, Massachusetts.

In addition to Pontiac Terrace Apartments, how many other affordable housing properties (and units) are there in Oswego?

In addition to Pontiac Terrace Apartments, we list 26 other affordable properties in Oswego. Learn about these properties here. Our data research shows that there are a total of 561 affordable units in Oswego.