About This Property
Mansion Initiative contains 39 low-income units in Albany, NY, serving families with a mix of one-, two-, three-, and four-bedroom apartments. The property was placed in service in 2006 and utilizes 9% Low-Income Housing Tax Credits to maintain affordability. A non-profit organization owns and operates the community.
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 Mansion Initiative is typically 30% of household income or less.
What size apartments are available at Mansion Initiative?+
Mansion Initiative offers the following unit types: 15 One-Bedroom, 22 Two-Bedroom, 1 Three-Bedroom, 1 Four-Bedroom units, for a total of 39 units.
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.
How do I apply for housing at Mansion Initiative?+
Mansion Initiative 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 manages Mansion Initiative?+
Mansion Initiative is managed by . You can reach them at . Visit their website for more information.
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, 3-bedroom: $1661. Actual rent at Mansion Initiative may be lower for income-eligible households.
Who is eligible to live at Mansion Initiative?+
Mansion Initiative primarily serves families. All applicants must also meet income eligibility requirements for the area. Contact the property for specific eligibility criteria.
Is there a waitlist for Mansion Initiative?+
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.
Contact Information
Walk Score
Walker's Paradise
Nearby Schools
Ratings provided by GreatSchools.org. Ratings are on a 1-10 scale.
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