25 Franklin St, Rochester, NY 14604
Waiting List Forecast: Likely Short or None
Verified for 2022 by Lorena Bentley| Rent | Beds | Baths | SqFt |
|---|---|---|---|
| $892 per Month† | 1 - 2 Beds | 1 - 2 Baths | - |
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.
The Landmark at Sibley Square located in downtown Rochester is the city's most innovative 55+ community offering affordable living and a luxurious lifestyle. Enjoy the timeless nostalgia of the historic Sibley building framed within your new home that features expansive one and two bedroom floor plans with sun-drenched oversized windows and panoramic views.
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 Landmark at Sibley 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 |
|---|---|---|
| One Bedroom (1/1) | 688ft2 | Call for Price† |
| Two Bedroom (2/2) | - | $892† |
| 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 Landmark at Sibley have a waiting list?
Landmark at Sibley 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 Landmark at Sibley?
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 Landmark at Sibley?
Landmark at Sibley is managed by WinnCompanies headquartered in Boston, Massachusetts.
In addition to Landmark at Sibley, how many other affordable housing properties (and units) are there in Rochester?
In addition to Landmark at Sibley, we list 151 other affordable properties in Rochester. Learn about these properties here. Our data research shows that there are a total of 13109 affordable units in Rochester.
When was the Landmark at Sibley listing last updated?
Landmark at Sibley listing on Affordable Housing Online was last updated on 07/16/2022 by Lorena Bentley. Remember, a property's status can change so you should contact the property to confirm.
Know your rights as a Section 8 tenant.
Some states and local governments have laws that protect renters with a Section 8 voucher who are looking for an available unit. Check your local laws.Bishop Demetres Walker says:
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