Affordable Housing In Watervliet
Albany County, New York

7 Low Income Apartment Communities In Watervliet

Cabrini Acres Senior Apartments

4 Carondelet Dr
Watervliet, New York
Subsidized
62+
Accessible
Elderly Supportive Housing

Fontbonne Manor

10 Carondelet Dr
Watervliet, New York
Subsidized
62+
Accessible
Elderly Supportive Housing

Sanderson Court Senior Apartments

6 Carondelet Dr
Watervliet, New York
Subsidized
62+
Accessible
Elderly Supportive Housing

Hanratta Apartments

500 16th St
Watervliet, New York

Day Apartments

2400 2nd Ave
Watervliet, New York

Delatour Manor

8 Carondelet Dr
Watervliet, New York

Van Rensselaer Village Redevelopment

12 Early Dr
Watervliet, New York
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Section 8 Vouchers, Apartments, and Waiting Lists in Watervliet, 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 Watervliet, New York

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

Guide To Affordable Housing in Watervliet, New York

There are 7 low income housing apartment communities offering 587 affordable apartments for rent in Watervliet, New York.

Income Based Apartments in Watervliet, New York

Watervliet features 456 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 Watervliet, New York

There are 131 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Watervliet.

Housing Choice Vouchers in Watervliet, New York

On average, Section 8 Housing Choice vouchers pay Watervliet landlords $600 per month towards rent. The average voucher holder contributes $400 towards rent in Watervliet.

The maximum amount a voucher would pay on behalf of a low-income tenant in Watervliet, New York for a two-bedroom apartment is between $1,086 and $1,328.

2022 Watervliet, 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
Watervliet, New York Fair Market Rent $890 $991 $1,207 $1,492 $1,637
Watervliet, New York Payment Standard Range $801 to $979 $892 to $1,090 $1,086 to $1,328 $1,343 to $1,641 $1,473 to $1,801

Sourced from federal housing data and AffordableHousingOnline.com research.

Watervliet, NY Affordable Housing Snapshot

Total Affordable Apartment Properties 7
Total Low Income Apartments 587
Total Housing Units with Rental Assistance 456
Percentage of Housing Units Occupied By Renters 59.55%
Average Renter Household Size 1.99
Average Household Size 2.15
Median Household Income $45,533 ±$5,599
Median Rent $832 ±$29
Percentage Of Renters Overburdened 44.24% ± 7.96pp
Total Population 10,241

Population and Household Demographics

Watervliet is a city in Albany County, New York with a population of 10,241. There are 4,749 households in the city with an average household size of 2.15 persons. 59.55% of households in Watervliet are renters.

Income and Rent Overburden in Watervliet

The median gross income for households in Watervliet is $45,533 a year, or $3,794 a month. The median rent for the city is $832 a month.

Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Watervliet, a household making less than $2,773 a month would be considered overburdened when renting an apartment at or above the median rent. 44.24% of households who rent are overburdened in Watervliet.

Area Median Income In Watervliet

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 Watervliet, the AMI is calculated from all households within Albany County.

In Watervliet, HUD calculates the Area Median Income for a family of four as $95,600

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 Watervliet

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 Watervliet

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 Watervliet AMI may qualify for rental assistance programs that target Extremely Low Income households.
$20,100 $23,000 $25,850 $28,700 $31,040 $35,580 $40,120 $44,660
50% AMI Income Limits
Renters earning up to 50% of the Watervliet AMI may qualify for rental assistance programs that target Very Low Income households.
$33,500 $38,250 $43,050 $47,800 $51,650 $55,450 $59,300 $63,100
80% AMI Income Limits
Renters earning up to 80% of the Watervliet AMI may qualify for rental assistance programs that target Low Income households.
$53,550 $61,200 $68,850 $76,500 $82,650 $88,750 $94,900 $101,000