Stony Point, New York Affordable Housing

Affordable Housing programs support 90 income based apartments in Stony Point where households pay rent based on how much they earn.

There are 0 affordable apartments in Stony Point that offer reduced rents to low-income households.

Waiting Lists in Stony Point, New York

There are no open Section 8 Housing Choice Voucher waiting lists in Stony Point. Go to the New York Section 8 Waiting Lists page for openings near Stony Point.

Stony Point Elderly Apartments

401 Tomkins Ave
Stony Point, New York
Rent Assisted
62+
Accessible
Elderly Supportive Housing

Rockland Arc Liv Alt

95 Blanchard Rd
Stony Point, New York
Rent Assisted
Accessible
Accessible
Disabled Supportive Housing
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Affordable Housing Near Stony Point

View affordable apartments and waiting lists in cities near Stony Point

City Apartments
Spring Valley, NY Affordable Housing programs support 16 apartment communities in Spring Valley.
Nanuet, NY Affordable Housing programs support 6 apartment communities in Nanuet.
Haverstraw, NY Affordable Housing programs support 4 apartment communities in Haverstraw.
Nyack, NY Affordable Housing programs support 4 apartment communities in Nyack.
New City, NY Affordable Housing programs support 3 apartment communities in New City.

Public Housing Agencies Serving Stony Point, New York

Public Housing Agencies operate federally assisted affordable housing programs at local levels on behalf of HUD. Notably, housing agencies are responsible for managing Section 8 Housing Choice Voucher, Public Housing, and Project-Based Voucher waiting lists within their jurisdiction.

Housing Authority Programs
Rockland County Department of Social Services -
Go to the New York Public Housing and Low-Income Apartments Waiting Lists page for openings near Stony Point.

Stony Point, New York Affordable Housing Data

Income Based Apartments in Stony Point, New York

Stony Point features 90 income based apartments. Tenants of income based apartments typically pay no more than 30% of their income towards rent and utilities.

Low Rent Apartments in Stony Point, New York

There are 0 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Stony Point.

Housing Choice Vouchers in Stony Point, New York

On average, Section 8 Housing Choice vouchers pay Stony Point landlords $1,000 per month towards rent. The average voucher holder contributes $500 towards rent in Stony Point.

The maximum amount a voucher would pay on behalf of a low-income tenant in Stony Point, New York for a two-bedroom apartment is between $2,206 and $2,696.

2023 Stony Point, New York Fair Market Rents and Housing Choice Voucher Payment Standards

Fair Market Rents can be used to better understand the average housing costs of an area. Fair Market Rents are used by HUD to establish payment and rent standards for federal rental assistance programs like the Section 8 Housing Choice Voucher Program.

Studio One BR Two BR Three BR Four BR
Stony Point, New York Fair Market Rent $2,123 $2,170 $2,451 $3,078 $3,316
Stony Point, New York Payment Standard Range $1,911 to $2,335 $1,953 to $2,387 $2,206 to $2,696 $2,770 to $3,386 $2,984 to $3,648

Sourced from federal housing data and AffordableHousingOnline.com research.

Stony Point, NY Affordable Housing Snapshot

Total Affordable Apartment Properties 2
Total Low Income Apartments 90
Total Housing Units with Rental Assistance 90
Percentage of Housing Units Occupied By Renters 16.63%
Average Renter Household Size 2.50
Average Household Size 3.01
Median Household Income $93,688 ±$5,905
Median Rent $1,401 ±$183
Percentage Of Renters Overburdened 56.07% ± 15.61pp
Total Population 12,882

Population and Household Demographics

Stony Point is a city in Rockland County, New York with a population of 12,882. There are 4,257 households in the city with an average household size of 3.01 persons. 16.63% of households in Stony Point are renters.

Income and Rent Overburden in Stony Point

The median gross income for households in Stony Point is $93,688 a year, or $7,807 a month. The median rent for the city is $1,401 a month.

Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Stony Point, a household making less than $4,670 a month would be considered overburdened when renting an apartment at or above the median rent. 56.07% of households who rent are overburdened in Stony Point.

Area Median Income In Stony Point

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 Stony Point, the AMI is calculated from all households within Rockland County.

In Stony Point, HUD calculates the Area Median Income for a family of four as $122,600

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 Stony Point

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 HUD Rental Assistance in Stony Point

1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
30% AMI Income Limits
Renters earning up to 30% of the Stony Point AMI may qualify for rental assistance programs that target Extremely Low Income households.
$28,000 $32,000 $36,000 $40,000 $43,200 $46,400 $49,600 $52,800
50% AMI Income Limits
Renters earning up to 50% of the Stony Point AMI may qualify for rental assistance programs that target Very Low Income households.
$46,700 $53,400 $60,050 $66,700 $72,050 $77,400 $82,750 $88,050
80% AMI Income Limits
Renters earning up to 80% of the Stony Point AMI may qualify for rental assistance programs that target Low Income households.
$74,800 $85,450 $96,150 $106,800 $115,350 $123,900 $132,450 $141,000