About This Property
Lv Apartments Lp is a 103-unit residential community in Albany, NY that opened in 2015 and serves elderly residents. The property includes 77 low-income units with a mix of studio, one-bedroom, and two-bedroom floor plans, and operates with 9% Low-Income Housing Tax Credit financing. This non-profit owned property receives support through HOME funding.
Waitlist Information
Waitlist managed by Albany Housing Authority
Currently only accepting applications for one and two-bedroom apartments at Public Housing sites. Preference for working families, or those unable to work due to age or disability AND who live or work in the City of Albany, NY.
The Albany Housing Authority is not currently accepting applications for the Housing Choice Voucher Program (Section 8).
Waitlist data provided by section8waitlist.org
Updated April 17, 2026
Property Details
Fair Market Rent - Albany County, NY
FMR represents the estimated amount needed to cover rent and utilities for a moderately-priced unit in this area.
| Bedrooms | FMR |
|---|---|
| Studio/Efficiency | $1,011 |
| 1 Bedroom | $1,131 |
| 2 Bedroom | $1,374 |
| 3 Bedroom | $1,661 |
| 4 Bedroom | $1,830 |
Income Limits - Albany County, NY
Annual income limits by household size used to determine eligibility for affordable housing programs.
- Extremely Low (30%)
- $20,100
- Very Low (50%)
- $33,500
- Low (80%)
- $53,550
- Extremely Low (30%)
- $23,000
- Very Low (50%)
- $38,250
- Low (80%)
- $61,200
- Extremely Low (30%)
- $25,850
- Very Low (50%)
- $43,050
- Low (80%)
- $68,850
- Extremely Low (30%)
- $28,700
- Very Low (50%)
- $47,800
- Low (80%)
- $76,500
- Extremely Low (30%)
- $31,040
- Very Low (50%)
- $51,650
- Low (80%)
- $82,650
- Extremely Low (30%)
- $35,580
- Very Low (50%)
- $55,450
- Low (80%)
- $88,750
- Extremely Low (30%)
- $40,120
- Very Low (50%)
- $59,300
- Low (80%)
- $94,900
- Extremely Low (30%)
- $44,660
- Very Low (50%)
- $63,100
- Low (80%)
- $101,000
| Household | Extremely Low (30%) | Very Low (50%) | Low (80%) |
|---|---|---|---|
| 1 Person | $20,100 | $33,500 | $53,550 |
| 2 Persons | $23,000 | $38,250 | $61,200 |
| 3 Persons | $25,850 | $43,050 | $68,850 |
| 4 Persons | $28,700 | $47,800 | $76,500 |
| 5 Persons | $31,040 | $51,650 | $82,650 |
| 6 Persons | $35,580 | $55,450 | $88,750 |
| 7 Persons | $40,120 | $59,300 | $94,900 |
| 8 Persons | $44,660 | $63,100 | $101,000 |
Tax Credit Program Details
Frequently Asked Questions
What is the average rent for affordable housing in Albany, NY?+
The Fair Market Rent (FMR) for Albany County, NY is: $1011 (Studio), $1131 (1BR), $1374 (2BR), $1661 (3BR), $1830 (4BR). Actual rent at subsidized properties like Lv Apartments Lp is typically 30% of household income or less.
What size apartments are available at Lv Apartments Lp?+
Lv Apartments Lp offers the following unit types: 7 Studio, 59 One-Bedroom, 11 Two-Bedroom units, for a total of 103 units.
What is the price range for apartments in Albany, NY?+
Based on Fair Market Rent for Albany County, the estimated price range is: 1-bedroom: $1131, 2-bedroom: $1374. Actual rent at Lv Apartments Lp may be lower for income-eligible households.
Who is eligible to live at Lv Apartments Lp?+
Lv Apartments Lp primarily serves elderly residents. All applicants must also meet income eligibility requirements for the area. Contact the property for specific eligibility criteria.
Who manages Lv Apartments Lp?+
Lv Apartments Lp is managed by . You can reach them at . Visit their website for more information.
What are the income limits for affordable housing in Albany County, NY?+
For a 4-person household in Albany County, NY, the income limits are: Extremely Low Income (30% AMI): $28,700, Very Low Income (50% AMI): $47,800, Low Income (80% AMI): $76,500. These limits are set by HUD and updated annually.
Is there a waitlist for Lv Apartments Lp?+
Public Housing waitlist is currently Open. 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.
How do I apply for housing at Lv Apartments Lp?+
Lv Apartments Lp 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.
Contact Information
Walk Score
Somewhat Walkable
Nearby Schools
Ratings provided by GreatSchools.org. Ratings are on a 1-10 scale.
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