Affordable Housing In Randolph
Cattaraugus County, New York

2 Low Income Apartment Communities In Randolph

Randolph Ctry Est

270 Main St
Randolph, NY
Subsidized

Randolph Terrace Apartments

140 Jamestown St
Randolph, NY
Accepts Vouchers
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Housing Authorities that serve Randolph

Housing Authority Programs
Cattaraugus Development Corporation

Guide To Affordable Housing in Randolph, New York

There are 2 low income housing apartment communities offering 44 affordable apartments for rent in Randolph, New York. Randolph features 20 low income apartments with rental assistance where households typically pay no more than 30% of their income towards rent. Additionally, there are 24 other low income apartments that don't provide direct rental assistance but remain affordable to low income households in Randolph.

Sourced from federal housing data and AffordableHousingOnline.com research.

Randolph, NY Affordable Housing Snapshot

Total Affordable Apartment Properties 2
Total Low Income Apartments 44
Total Housing Units with Rental Assistance 20
Percentage of Housing Units Occupied By Renters %
Average Renter Household Size 0.00
Average Household Size 0.00
Median Household Income $0 ±$0
Median Rent $0 ±$0
Total Population 0

Population and Household Demographics

Randolph is a City in Cattaraugus County, New York with a population of 0. There are 0 households in the city with an average household size of 0.00 persons. % of households in Randolph are renters.

Income and Rent Overburden in Randolph

The median gross income for households in Randolph is $0 a year, or $0 a month. The median rent for the city is $0 a month.

Area Median Income In Randolph

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.

HUD often uses an area larger than a city to determine the AMI because HUD anticipates those searching for housing will look beyond individual cities during their housing search. For Randolph, the AMI is calculated from all households within Cattaraugus County.

In Randolph, HUD calculates the Area Median Income for a family of four as $61,300

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 Randolph

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 Randolph HUD Rental Assistance in Randolph

Income 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
30% of Median $13,900 $16,910 $21,330 $25,750 $30,170 $34,590 $39,010 $43,430
50% of Median $23,200 $26,500 $29,800 $33,100 $35,750 $38,400 $41,050 $43,700
80% of Median $37,100 $42,400 $47,700 $52,950 $57,200 $61,450 $65,700 $69,900
Fair Market Rents in Randolph

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
$585 $585 $716 $993 $1,101