Affordable Housing In Putnam County
New York

9 Low Income Apartment Communities In Putnam County

Hughson Commons

1100 Gables Way
Carmel, NY
$895-1,288
1-2 BR
55+
HCV Welcome

Senior Housing at Mahopac Hills

106 Route 6
Carmel, NY
Call For Rent
1 BR
62+
Accessible
Elderly Supportive Housing
Subsidized

Gleneida Court

10 Seminary Hill Rd
Carmel, NY
Call For Rent
1 BR

Gleneida Senior Apartments

20 Gleneida Ct
Carmel, NY
Call For Rent
1 BR
HCV Welcome

Lakeview Housing

8 Gleneida Court
Carmel, NY
Call For Rent
1 BR
62+
Accessible
Elderly Supportive Housing
Subsidized

Putnam Residence

149C Cross Rd
Patterson, NY
Accessible
Disabled Supportive Housing
Subsidized

Stonecrest Senior Residence

3101 Stonecrest Dr
Brewster, NY
HCV Welcome

Heritage Meadows

14776 Baker Rd
Kent, NY
HCV Welcome

Chestnut Ridge Apartments

62 Chestnut St
Cold Spring, NY
Subsidized
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Housing Authorities that serve Putnam County

Housing Authority Programs
Putnam County Housing Corporation

Guide To Affordable Housing in Putnam County, New York

According to federal housing data and AffordableHousingOnline.com research, there are 9 low income housing apartment communities offering 444 affordable apartments for rent in Putnam County, New York. Putnam County features 141 low income apartments with rental assistance where households typically pay no more than 30% of their income towards rent. Additionally, there are 303 other low income apartments that don't provide direct rental assistance but remain affordable to low income households in Putnam County.

Putnam County, NY Affordable Housing Snapshot

Total Affordable Apartment Properties 9
Total Low Income Apartments 444
Total Housing Units with Rental Assistance 141
Percentage of Housing Units Occupied By Renters 18.02%
Average Renter Household Size 2.33
Average Household Size 2.84
Median Household Income $96,148 ±$2,627
Median Rent $1,234 ±$41
Percentage Of Renters Overburdened 52.25% ± 4.9pp
Total Population 99,488

Population and Household Demographics

Putnam County is a County in New York with a population of 99,488. There are 34,090 households in the county with an average household size of 2.84 persons. 18.02% of households in Putnam County are renters.

Income and Rent Overburden in Putnam County

The median gross income for households in Putnam County is $96,148 a year, or $8,012 a month. The median rent for the county is $1,234 a month.

Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Putnam County, a household making less than $4,113 a month would be considered overburdened when renting an apartment at or above the median rent. 52.25% of households who rent are overburdened in Putnam County.1

Area Median Income In Putnam 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 Putnam County, HUD calculates the Area Median Income for a family of four as $75,500

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 Putnam 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 Putnam County HUD Rental Assistance in Putnam County

Income 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
30% of Median $22,400 $25,600 $28,800 $32,000 $34,600 $37,150 $39,700 $43,430
50% of Median $37,350 $42,700 $48,050 $53,350 $57,650 $61,900 $66,200 $70,450
80% of Median $59,750 $68,300 $76,850 $85,350 $92,200 $99,050 $105,850 $112,700
Low Income Housing Tax Credits in Putnam County

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

From 1998 to 2004, 4 low income apartment communities containing 277 rental apartments have been constructed and made affordable to low income persons in Putnam 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 Putnam County

Income 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
50% of Median $37,350 $42,700 $48,050 $53,350 $57,650 $61,900 $66,200 $70,450
60% of Median $44,820 $51,240 $57,660 $64,020 $69,180 $74,280 $79,440 $84,540

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 Putnam County is $57,660 a year, or $4,805 a month. To determine the maximum rent in the table below we multiply the monthly maximum income, $4,805 by 30% to get a maximum rent of $1,442 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% $934 $1,001 $1,201 $1,388 $1,548 $1,708
60% $1,121 $1,201 $1,442 $1,665 $1,857 $2,050
Fair Market Rents in Putnam 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.

2020 Fair Market Rents
Studio One BR Two BR Three BR Four BR
$1,665 $1,714 $1,951 $2,472 $2,643

Cities In Putnam County

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

City Listings Served By
Carmel 5 The HUD funded Public Housing Agency that serves Carmel is the Putnam County Housing Corporation.
Patterson 1 The HUD funded Public Housing Agency that serves Patterson is the Putnam County Housing Corporation.
Cold Spring 1 The HUD funded Public Housing Agency that serves Cold Spring is the Putnam County Housing Corporation.
Kent 1 The HUD funded Public Housing Agency that serves Kent is the Putnam County Housing Corporation.
Brewster 1 The HUD funded Public Housing Agency that serves Brewster is the Putnam County Housing Corporation.
Brewster Hill 0 The HUD funded Public Housing Agency that serves Brewster Hill is the Putnam County Housing Corporation.
Carmel Hamlet 0 The HUD funded Public Housing Agency that serves Carmel Hamlet is the Putnam County Housing Corporation.
Lake Carmel 0 The HUD funded Public Housing Agency that serves Lake Carmel is the Putnam County Housing Corporation.
Mahopac 0 The HUD funded Public Housing Agency that serves Mahopac is the Putnam County Housing Corporation.
Nelsonville 0 The HUD funded Public Housing Agency that serves Nelsonville is the Putnam County Housing Corporation.
Peach Lake 0 The HUD funded Public Housing Agency that serves Peach Lake is the Putnam County Housing Corporation.
Philipstown 0 The HUD funded Public Housing Agency that serves Philipstown is the Putnam County Housing Corporation.
Putnam Lake 0 The HUD funded Public Housing Agency that serves Putnam Lake is the Putnam County Housing Corporation.
Putnam Valley 0 The HUD funded Public Housing Agency that serves Putnam Valley is the Putnam County Housing Corporation.
Southeast 0 The HUD funded Public Housing Agency that serves Southeast is the Putnam County Housing Corporation.