About This Property
Lyman Terrace 1 is a 88-unit affordable housing community in Holyoke, MA that has been in service since 2018. The property contains 28 one-bedroom, 38 two-bedroom, 19 three-bedroom, and 3 four-bedroom units designated for low-income families. The community is financed through 4% Low-Income Housing Tax Credits.
Waitlist Information
Waitlist managed by Holyoke Housing Authority
The Holyoke Housing Authority does not currently have a waiting list open for Public Housing.
The Holyoke Housing Authority does not currently have a waiting list open for Housing Choice Vouchers (Section 8).
Waitlist data provided by section8waitlist.org
Updated May 8, 2026
Property Details
Fair Market Rent - Hampden County, MA
FMR represents the estimated amount needed to cover rent and utilities for a moderately-priced unit in this area.
| Bedrooms | FMR |
|---|---|
| Studio/Efficiency | $934 |
| 1 Bedroom | $1,115 |
| 2 Bedroom | $1,375 |
| 3 Bedroom | $1,669 |
| 4 Bedroom | $1,954 |
Income Limits - Hampden County, MA
Annual income limits by household size used to determine eligibility for affordable housing programs.
- Extremely Low (30%)
- $17,700
- Very Low (50%)
- $29,450
- Low (80%)
- $47,150
- Extremely Low (30%)
- $20,200
- Very Low (50%)
- $33,650
- Low (80%)
- $53,850
- Extremely Low (30%)
- $22,750
- Very Low (50%)
- $37,850
- Low (80%)
- $60,600
- Extremely Low (30%)
- $26,500
- Very Low (50%)
- $42,050
- Low (80%)
- $67,300
- Extremely Low (30%)
- $31,040
- Very Low (50%)
- $45,450
- Low (80%)
- $72,700
- Extremely Low (30%)
- $35,580
- Very Low (50%)
- $48,800
- Low (80%)
- $78,100
- Extremely Low (30%)
- $40,120
- Very Low (50%)
- $52,150
- Low (80%)
- $83,500
- Extremely Low (30%)
- $44,660
- Very Low (50%)
- $55,550
- Low (80%)
- $88,850
| Household | Extremely Low (30%) | Very Low (50%) | Low (80%) |
|---|---|---|---|
| 1 Person | $17,700 | $29,450 | $47,150 |
| 2 Persons | $20,200 | $33,650 | $53,850 |
| 3 Persons | $22,750 | $37,850 | $60,600 |
| 4 Persons | $26,500 | $42,050 | $67,300 |
| 5 Persons | $31,040 | $45,450 | $72,700 |
| 6 Persons | $35,580 | $48,800 | $78,100 |
| 7 Persons | $40,120 | $52,150 | $83,500 |
| 8 Persons | $44,660 | $55,550 | $88,850 |
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Tax Credit Program Details
Frequently Asked Questions
What is the average rent for affordable housing in Holyoke, MA?+
The Fair Market Rent (FMR) for Hampden County, MA is: $934 (Studio), $1115 (1BR), $1375 (2BR), $1669 (3BR), $1954 (4BR). Actual rent at subsidized properties like Lyman Terrace 1 is typically 30% of household income or less.
What size apartments are available at Lyman Terrace 1?+
Lyman Terrace 1 offers the following unit types: 28 One-Bedroom, 38 Two-Bedroom, 19 Three-Bedroom, 3 Four-Bedroom units, for a total of 88 units.
How do I apply for housing at Lyman Terrace 1?+
Lyman Terrace 1 is a Low-Income Housing Tax Credit (LIHTC) property. To apply, you can start by calling , or visiting their website, or contacting the property management office. Contact the property to learn about availability and application requirements. Eligibility is based on income limits set for the area.
Who is eligible to live at Lyman Terrace 1?+
Lyman Terrace 1 primarily serves families. All applicants must also meet income eligibility requirements for the area. Contact the property for specific eligibility criteria.
What are the income limits for affordable housing in Hampden County, MA?+
For a 4-person household in Hampden County, MA, the income limits are: Extremely Low Income (30% AMI): $26,500, Very Low Income (50% AMI): $42,050, Low Income (80% AMI): $67,300. These limits are set by HUD and updated annually.
What is the price range for apartments in Holyoke, MA?+
Based on Fair Market Rent for Hampden County, the estimated price range is: 1-bedroom: $1115, 2-bedroom: $1375, 3-bedroom: $1669. Actual rent at Lyman Terrace 1 may be lower for income-eligible households.
Who manages Lyman Terrace 1?+
Lyman Terrace 1 is managed by . You can reach them at . Visit their website for more information.
Is there a waitlist for Lyman Terrace 1?+
Public Housing waitlist is currently Closed. Section 8 (HCV) waitlist is currently Closed. Waitlist status can change frequently, so check back regularly or contact the housing authority directly for the most up-to-date information.
Contact Information
Walk Score
Very Walkable
Nearby Schools
Ratings provided by GreatSchools.org. Ratings are on a 1-10 scale.
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