200 YMCA Way, Penfield, NY 14526
Waiting List Forecast: Likely Short or None
Verified for 2024 by Connor Bailey| Rent | Beds | Baths | SqFt |
|---|---|---|---|
| $676 - 1,080 per Month† | Studio - 2 Beds | 1 Bath | - |
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.
Home Leasing and Episcopal Senior Life Communities (ESLC) worked in conjunction to develop a property with a wide range of options for seniors - independent, supportive, assisted and memory care - in a thriving suburban community outside of Rochester that had not seen the development of affordable housing development in several decades. Approximately 114 affordable apartments were developed and are owned and managed by Home Leasing. These units are available to households at 50% and 60% of Area Median Income (AMI), and 40 are designated as permanent supportive housing for frail elders with support services from ESLC. ESLC has also developed 70 units of assisted living, including memory care units adjacent to the independent living. An enclosed connection attaches the buildings so that residents can benefit from programs and services provided at either community, supporting their ability to age in place. Two commercial outparcels provide opportunities for complimentary retail, medical and/or community services.
The project is located on 8.4 acres that was rezoned to help realize the Town of Penfield's vision to create a true mixed-use district. The site also incorporates a traditional village square, complete streets, and bicycle/pedestrian connectivity. The site is adjacent to the Eastside YMCA, a 20,000-member facility that includes a bustling senior center, robust Silver Sneakers programming. and health care facilities.
Light-filled units will include full kitchens with dishwashers, central air-condition, in-unit storage, and private balconies. The community will also include ADA-accessible units, community room, fitness center, and laundry facilities. Home Leasing communities welcome pets and encourage community gardens. Utilities are included in the rent.
The independent living includes 114 1- and 2-bedroom apartments with rents from $650 to $950 – 54 units at or below 50% of AMI and 59 at or below 60% of AMI.
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 The Gardens at Penfield Square 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.
~ Dave Layfield, Founder of Affordable Housing Online
| Unit (Bd/Ba) | Ft2 | Rent |
|---|---|---|
| Studio (Studio/1) | - | $676† |
| One Bedroom (1/1) | - | $730 $900† |
| Two Bedroom (2/1) | - | $784 $1,080† |
| AMI* | 1 person | 2 people | 3 people | 4 people |
|---|---|---|---|---|
| 50% AMI for LIHTC Units | $33,250 / year | $38,000 / year | $42,750 / year | $47,500 / year |
| 50% AMI for PBRA Units | $33,250 / year | $38,000 / year | $42,750 / year | $47,500 / year |
| 60% AMI for LIHTC Units | $39,900 / year | $45,600 / year | $51,300 / year | $57,000 / year |
*AMI: Area Median Income. Renters qualify for different housing programs if their income is below a specified percentage of AMI.
Does The Gardens at Penfield Square have a waiting list?
The Gardens at Penfield Square 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 The Gardens at Penfield Square?
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 The Gardens at Penfield Square?
The Gardens at Penfield Square is managed by Home Leasing headquartered in Rochester, NY.
In addition to The Gardens at Penfield Square, how many other affordable housing properties (and units) are there in Penfield?
In addition to The Gardens at Penfield Square, we list 2 other affordable properties in Penfield. Learn about these properties here. Our data research shows that there are a total of 305 affordable units in Penfield.
When was the The Gardens at Penfield Square listing last updated?
The Gardens at Penfield Square listing on Affordable Housing Online was last updated on 06/28/2024 by Connor Bailey. Remember, a property's status can change so you should contact the property to confirm.
Know your rights as a Section 8 tenant.
In many areas, private landlords with an available unit can refuse interested tenants who have a Section 8 voucher. Check your local laws.Douglas Cook says:
"Affordable Housing Online is a good resource to keep you updated."
