582 Lake Ave, Rochester, NY 14613
Waiting List Forecast: Likely Long or Closed
Verified for 2023 by Colleen Carter| Rent | Beds | Baths | SqFt |
|---|---|---|---|
| Call for Rents† | Studio - 2 Beds | 1 Bath | 326 - 632 Sq Ft |
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.
Lake Ravine Apartments is centrally located in the City of Rochester. Residents enjoy the many amenities including, convenient parking, fitness room, laundry facilities and a community room for hosting guests and community events, 24 hours emergency on-call services and conveniently located near stores, restaurants and is on a bus line.
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 Lake Ravine 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
| Unit (Bd/Ba) | Ft2 | Rent |
|---|---|---|
| Studio (Studio/1) | 326ft2 | Call for Price† |
| 1 Bedroom (1/1) | 474ft2 | Call for Price† |
| 2 Bedroom (2/1) | 632ft2 | Call for Price† |
| AMI* | 1 person | 2 people | 3 people | 4 people |
|---|---|---|---|---|
| 30% AMI for PBRA Units | $19,950 / year | $22,800 / year | $25,650 / year | $30,000 / year |
| 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 |
| 80% AMI for PBRA Units | $53,200 / year | $60,800 / year | $68,400 / year | $75,950 / year |
*AMI: Area Median Income. Renters qualify for different housing programs if their income is below a specified percentage of AMI.
Does Lake Ravine Apartments have a waiting list?
Lake Ravine 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 Lake Ravine 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 Lake Ravine Apartments?
Lake Ravine Apartments is managed by DiMarco Group headquartered in Rochester, NY.
In addition to Lake Ravine Apartments, how many other affordable housing properties (and units) are there in Rochester?
In addition to Lake Ravine Apartments, we list 151 other affordable properties in Rochester. Learn about these properties here. Our data research shows that there are a total of 13108 affordable units in Rochester.
When was the Lake Ravine Apartments listing last updated?
Lake Ravine Apartments listing on Affordable Housing Online was last updated on 03/31/2023 by Colleen Carter. Remember, a property's status can change so you should contact the property to confirm.
Do you have little or no income?
You can qualify for most rental assistance programs, including Section 8 and Public Housing, even if you have little or no income.Linda Vallare Johnson says:
"Affordable Housing Online is an awesome tool in locating affordable housing."