Affordable Housing In Schenectady County
New York

21 Low Income Apartment Communities In Schenectady County

Holly Manor

2415 Curry Rd
Schenectady, NY
Call For Rent
1-2 BR
HCV Welcome

Southgate Apartments

1953 Watt St
Schenectady, NY

State Hulett

799 Albany St
Schenectady, NY

Summit Towers

720 Albany St
Schenectady, NY

Holyrood House

201 5th St
Scotia, NY

Mont Pleasant Senior Housing

1502 Chrisler Ave
Schenectady, NY
Elderly Supportive Housing

Lawrence Commons

2660 Albany St
Schenectady, NY
Elderly Supportive Housing

Schenectady Bnai Brith

22 Knolls Rd
Schenectady, NY
Elderly Supportive Housing

Omni Senior Living Comm. of Guilderland II

3489 Carman Rd
Schenectady, NY
HCV Welcome

Pinewood Drive Residence

235 Pinewood Dr
Schenectady, NY
Elderly Supportive Housing

Other Housing Authorities located in Schenectady County

Housing Authority Programs
Schenectady Municipal Housing Authority Section 8 Housing Choice Voucher (HCV); Public Housing

Guide To Affordable Housing in Schenectady County, New York

There are 21 low income housing apartment communities offering 1,944 affordable apartments for rent in Schenectady County, New York. Schenectady County features 1,569 low income apartments with rental assistance where households typically pay no more than 30% of their income towards rent. Additionally, there are 375 other low income apartments that don't provide direct rental assistance but remain affordable to low income households in Schenectady County.

Sourced from federal housing data and research.

Schenectady County, NY Affordable Housing Snapshot

Total Affordable Apartment Properties 21
Total Low Income Apartments 1,944
Total Housing Units with Rental Assistance 1,569
Percentage of Housing Units Occupied By Renters 33.5%
Average Renter Household Size 2.29
Average Household Size 2.65
Median Household Income $58,114 ±$1,661
Median Rent $845 ±$14
Percentage Of Renters Overburdened 50.9% ± 2.85pp
Total Population 154,796

Population and Household Demographics

Schenectady County is a County in New York with a population of 154,796. There are 56,760 households in the county with an average household size of 2.65 persons. 33.5% of households in Schenectady County are renters.

Income and Rent Overburden in Schenectady County

The median gross income for households in Schenectady County is $58,114 a year, or $4,843 a month. The median rent for the county is $845 a month.

Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Schenectady County, a household making less than $2,817 a month would be considered overburdened when renting an apartment at or above the median rent. 50.9% of households who rent are overburdened in Schenectady County.1

Area Median Income In Schenectady 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 Schenectady County, HUD calculates the Area Median Income for a family of four as $89,900

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 Schenectady 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 Schenectady County HUD Rental Assistance in Schenectady County

Income 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
30% of Median $18,900 $21,600 $24,300 $26,950 $30,170 $34,590 $39,010 $43,430
50% of Median $31,500 $36,000 $40,500 $44,950 $48,550 $52,150 $55,750 $59,350
80% of Median $50,350 $57,550 $64,750 $71,900 $77,700 $83,450 $89,200 $94,950
Low Income Housing Tax Credits in Schenectady County

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

From 2000 to 2005, 7 low income apartment communities containing 310 rental apartments have been constructed and made affordable to low income persons in Schenectady 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 Schenectady County

Income 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
50% of Median $31,500 $36,000 $40,500 $44,950 $48,550 $52,150 $55,750 $59,350
60% of Median $37,800 $43,200 $48,600 $53,940 $58,260 $62,580 $66,900 $71,220

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 Schenectady County is $48,600 a year, or $4,050 a month. To determine the maximum rent in the table below we multiply the monthly maximum income, $4,050 by 30% to get a maximum rent of $1,215 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% $788 $844 $1,013 $1,169 $1,304 $1,439
60% $945 $1,013 $1,215 $1,403 $1,565 $1,727
Fair Market Rents in Schenectady 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
$747 $855 $1,054 $1,313 $1,428

Cities In Schenectady County

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

City Listings Served By
Schenectady 16 The HUD funded Public Housing Agency that serves Schenectady is the Schenectady Municipal Housing Authority.
Niskayuna 0
Scotia 1
Glenville 2
Rotterdam 2
Delanson 0
Duane Lake 0
Duanesburg 0
East Glenville 0
Mariaville Lake 0
Princetown 0