Affordable Housing In Waterloo
Seneca County, New York

3 Low Income Apartment Communities In Waterloo

Elizabeth Crossings

41 Church Street
Waterloo, New York

East Main St Apartments

371 E Main St
Waterloo, New York
Subsidized
62+
Accessible
Elderly Supportive Housing

Waterloo Memorial Heights

30 W Main St
Waterloo, New York
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Section 8 Vouchers, Apartments, and Waiting Lists in Waterloo, 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.

Households who qualify for these programs may also qualify for Project-Based Section 8, which contributes rental assistance payments directly to private landlords on behalf of low-income tenants. Eligibility for the project-based program is similar to the voucher programs, but waiting list and application policies will vary depending on the landlord.

Public Housing Agencies Serving Waterloo, New York

Housing Authority Programs
Geneva Housing Authority Section 8 Housing Choice Voucher (HCV); Public Housing; Section 8 Project-Based Voucher (PBV)

Guide To Affordable Housing in Waterloo, New York

There are 3 low income housing apartment communities offering 105 affordable apartments for rent in Waterloo, New York.

Income Based Apartments in Waterloo, New York

Waterloo features 40 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 Waterloo, New York

There are 65 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Waterloo.

Housing Choice Vouchers in Waterloo, New York

On average, Section 8 Housing Choice vouchers pay Waterloo landlords $0 per month towards rent. The average voucher holder contributes $0 towards rent in Waterloo.

The maximum amount a voucher would pay on behalf of a low-income tenant in Waterloo, New York for a two-bedroom apartment is between $766 and $936.

2022 Waterloo, 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
Waterloo, New York Fair Market Rent $682 $686 $851 $1,095 $1,284
Waterloo, New York Payment Standard Range $614 to $750 $617 to $755 $766 to $936 $986 to $1,205 $1,156 to $1,412

Sourced from federal housing data and AffordableHousingOnline.com research.

Waterloo, NY Affordable Housing Snapshot

Total Affordable Apartment Properties 3
Total Low Income Apartments 105
Total Housing Units with Rental Assistance 40
Percentage of Housing Units Occupied By Renters %
Average Renter Household Size 0.00
Average Household Size 0.00
Median Household Income $0 ±$0
Median Rent $0 ±$0
Total Population 0

Population and Household Demographics

Waterloo is a city in Seneca County, New York with a population of 0. There are 0 households in the city with an average household size of 0.00 persons. % of households in Waterloo are renters.

Income and Rent Overburden in Waterloo

The median gross income for households in Waterloo is $0 a year, or $0 a month. The median rent for the city is $0 a month.

Area Median Income In Waterloo

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 Waterloo, the AMI is calculated from all households within Seneca County.

In Waterloo, HUD calculates the Area Median Income for a family of four as $70,300

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 Waterloo

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 Waterloo

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 Waterloo AMI may qualify for rental assistance programs that target Extremely Low Income households.
$14,800 $17,420 $21,960 $26,500 $31,040 $35,580 $40,120 $44,660
50% AMI Income Limits
Renters earning up to 50% of the Waterloo AMI may qualify for rental assistance programs that target Very Low Income households.
$24,650 $28,150 $31,650 $35,150 $38,000 $40,800 $43,600 $46,400
80% AMI Income Limits
Renters earning up to 80% of the Waterloo AMI may qualify for rental assistance programs that target Low Income households.
$39,400 $45,000 $50,650 $56,250 $60,750 $65,250 $69,750 $74,250