Affordable Housing In Otsego County
New York

8 Low Income Apartment Communities In Otsego County

Academy Arms Apartments

33 Academy St
Oneonta, NY
62+
Accessible
Elderly Supportive Housing
Subsidized

Bronner Manor Associates

24 Park St
Richfield Springs, NY
Subsidized

James F. Lettis Apartments

30 Fairview St
Oneonta, NY
Subsidized

Unadilla Neighborhood Apartments

71 Clifton St
Unadilla, NY
Subsidized

West Hill Terrace

100 W Hill Ter
Edmeston, NY
HCV Welcome

Albert Nader Towers

2 Mitchell St
Oneonta, NY

West Hill Terrace

26 West St
Edmeston, NY

Milford Family Housing

50 W Main St
Milford, NY
HCV Welcome
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There are 8 low income housing apartment complexes which contain 286 affordable apartments for rent in Otsego County. Many of these rental apartments are income based housing with 218 apartments that set rent based on your income. In Otsego County, HUD housing programs support 54 rental assistance apartments through programs like Project-based Section 8. There are 68 other low income apartments that don't have rental assistance but are cheaper than market rate rents.

Housing Authorities that serve Otsego County

Housing Authority Programs
Otsego Rural Housing Assistance Section 8 Housing Choice Voucher (HCV)

Other Housing Authorities located in Otsego County

Housing Authority Programs
Oneonta Housing Authority Section 8 Housing Choice Voucher (HCV); Public Housing

Guide To Affordable Housing in Otsego County, New York

Otsego County, NY Affordable Housing Snapshot

Total Affordable Apartment Properties 8
Total Low Income Apartments 286
Total Rent Assisted Apartments 218
Percentage of Housing Units Occupied By Renters 26.59%
Average Renter Household Size 2.27
Total Population 61,399
Housing Units 23,636
Average Household Size 2.36
Median Household Income $48,588 ±$2,049
Median Rent $776 ±$21
Percentage Of Renters Overburdened 49.73% ± 4.13pp

Population and Household Demographics

Otsego County is a County in New York with a population of 61,399. There are 23,636 households in the county with an average household size of 2.36 persons. 26.59% of households in Otsego County are renters.

Income and Rent Overburden in Otsego County

The median gross income for households in Otsego County is $48,588 a year, or $4,049 a month. The median rent for the county is $776 a month.

Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Otsego County, a household making less than $2,587 a month would be considered overburdened when renting an apartment at or above the median rent. 49.73% of households who rent are overburdened in Otsego County.1

Area Median Income In Otsego County

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.

In Otsego County, HUD calculates the Area Median Income for a family of four as $66,700

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 Otsego County

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 Otsego County HUD Rental Assistance in Otsego County

Income 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
30% of Median $14,000 $16,910 $21,330 $25,750 $30,170 $34,590 $39,010 $43,430
50% of Median $23,350 $26,700 $30,050 $33,350 $36,050 $38,700 $41,400 $44,050
80% of Median $37,350 $42,700 $48,050 $53,350 $57,650 $61,900 $66,200 $70,450
Low Income Housing Tax Credits in Otsego County

The Low-Income Housing Tax Credit (LIHTC) program aims to create affordable rental housing for low and very low income families.

From 1991 to 2010, 3 low income apartment communities containing 72 rental apartments have been constructed and made affordable to low income persons in Otsego County by the Low Income Housing Tax Credit Program.

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 Otsego County

Income 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
60% of Median $28,020 $32,040 $36,060 $40,020 $43,260 $46,440 $49,680 $52,860

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 Otsego County is $36,060 a year, or $3,005 a month. To determine the maximum rent in the table below we multiply the monthly maximum income, $3,005 by 30% to get a maximum rent of $902 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% $584 $626 $751 $868 $968 $1,068
60% $701 $751 $902 $1,041 $1,161 $1,282
Fair Market Rents in Otsego County

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.

2019 Fair Market Rents
Studio One BR Two BR Three BR Four BR
$652 $657 $832 $1,042 $1,329

Cities In Otsego County

Select A City to View its Apartment Communities and Waiting Lists.

City Listings Served By
Milford 1 The HUD funded Public Housing Agency that serves Milford is the Otsego Rural Housing Assistance.
Richfield Springs 1 The HUD funded Public Housing Agency that serves Richfield Springs is the Otsego Rural Housing Assistance.
Oneonta 3 The HUD funded Public Housing Agencies that serve Oneonta are the Oneonta Housing Authority and Otsego Rural Housing Assistance.
Edmeston 2 The HUD funded Public Housing Agency that serves Edmeston is the Otsego Rural Housing Assistance.
Unadilla 1 The HUD funded Public Housing Agency that serves Unadilla is the Otsego Rural Housing Assistance.
Plainfield 0 The HUD funded Public Housing Agency that serves Plainfield is the Otsego Rural Housing Assistance.
Burlington 0 The HUD funded Public Housing Agency that serves Burlington is the Otsego Rural Housing Assistance.
Butternuts 0 The HUD funded Public Housing Agency that serves Butternuts is the Otsego Rural Housing Assistance.
Cherry Valley 0 The HUD funded Public Housing Agency that serves Cherry Valley is the Otsego Rural Housing Assistance.
Cooperstown 0 The HUD funded Public Housing Agency that serves Cooperstown is the Otsego Rural Housing Assistance.
Decatur 0 The HUD funded Public Housing Agency that serves Decatur is the Otsego Rural Housing Assistance.
Exeter 0 The HUD funded Public Housing Agency that serves Exeter is the Otsego Rural Housing Assistance.
Gilbertsville 0 The HUD funded Public Housing Agency that serves Gilbertsville is the Otsego Rural Housing Assistance.
Hartwick 0 The HUD funded Public Housing Agency that serves Hartwick is the Otsego Rural Housing Assistance.
Laurens 0 The HUD funded Public Housing Agency that serves Laurens is the Otsego Rural Housing Assistance.
Maryland 0 The HUD funded Public Housing Agency that serves Maryland is the Otsego Rural Housing Assistance.
Middlefield 0 The HUD funded Public Housing Agency that serves Middlefield is the Otsego Rural Housing Assistance.
Morris 0 The HUD funded Public Housing Agency that serves Morris is the Otsego Rural Housing Assistance.
New Lisbon 0 The HUD funded Public Housing Agency that serves New Lisbon is the Otsego Rural Housing Assistance.
Otego 0 The HUD funded Public Housing Agency that serves Otego is the Otsego Rural Housing Assistance.
Otsego 0 The HUD funded Public Housing Agency that serves Otsego is the Otsego Rural Housing Assistance.
Pittsfield 0 The HUD funded Public Housing Agency that serves Pittsfield is the Otsego Rural Housing Assistance.
Richfield 0 The HUD funded Public Housing Agency that serves Richfield is the Otsego Rural Housing Assistance.
Roseboom 0 The HUD funded Public Housing Agency that serves Roseboom is the Otsego Rural Housing Assistance.
Schenevus 0 The HUD funded Public Housing Agency that serves Schenevus is the Otsego Rural Housing Assistance.
Springfield 0 The HUD funded Public Housing Agency that serves Springfield is the Otsego Rural Housing Assistance.
West End 0 The HUD funded Public Housing Agency that serves West End is the Otsego Rural Housing Assistance.
Westford 0 The HUD funded Public Housing Agency that serves Westford is the Otsego Rural Housing Assistance.
Worcester 0 The HUD funded Public Housing Agency that serves Worcester is the Otsego Rural Housing Assistance.