Affordable Housing In Scotia
Schenectady County, New York

1 Low Income Apartment Communities In Scotia

Holyrood House

201 5th St
Scotia, NY
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Guide To Affordable Housing in Scotia, New York

There are 1 low income housing apartment communities offering 96 affordable apartments for rent in Scotia, New York. Scotia features 96 low income apartments with rental assistance where households typically pay no more than 30% of their income towards rent. Additionally, there are 0 other low income apartments that don't provide direct rental assistance but remain affordable to low income households in Scotia.

Sourced from federal housing data and research.

Scotia, NY Affordable Housing Snapshot

Total Affordable Apartment Properties 1
Total Low Income Apartments 96
Total Housing Units with Rental Assistance 96
Percentage of Housing Units Occupied By Renters 31.1%
Average Renter Household Size 2.08
Average Household Size 2.53
Median Household Income $54,607 ±$6,868
Median Rent $827 ±$126
Percentage Of Renters Overburdened 52.95% ± 14.43pp
Total Population 7,744

Population and Household Demographics

Scotia is a City in Schenectady County, New York with a population of 7,744. There are 3,055 households in the city with an average household size of 2.53 persons. 31.1% of households in Scotia are renters.

Income and Rent Overburden in Scotia

The median gross income for households in Scotia is $54,607 a year, or $4,551 a month. The median rent for the city is $827 a month.

Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Scotia, a household making less than $2,757 a month would be considered overburdened when renting an apartment at or above the median rent. 52.95% of households who rent are overburdened in Scotia.1

Area Median Income In Scotia

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 Scotia, the AMI is calculated from all households within Schenectady County.

In Scotia, 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 Scotia

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 Scotia HUD Rental Assistance in Scotia

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
Fair Market Rents in Scotia

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