About This Property
23 North in Wellsville contains 16 low-income units designated for elderly residents, with a unit mix of twelve 1-bedroom and four 2-bedroom apartments. The property was placed in service in 2019 and receives 9% LIHTC credit. The non-profit owned community provides affordable rental housing options for seniors in Allegany County.
Property Details
Fair Market Rent - Allegany 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 | $676 |
| 1 Bedroom | $731 |
| 2 Bedroom | $905 |
| 3 Bedroom | $1,130 |
| 4 Bedroom | $1,288 |
Income Limits - Allegany County, NY
Annual income limits by household size used to determine eligibility for affordable housing programs.
- Extremely Low (30%)
- $14,600
- Very Low (50%)
- $24,300
- Low (80%)
- $38,850
- Extremely Low (30%)
- $17,420
- Very Low (50%)
- $27,800
- Low (80%)
- $44,400
- Extremely Low (30%)
- $21,960
- Very Low (50%)
- $31,250
- Low (80%)
- $49,950
- Extremely Low (30%)
- $26,500
- Very Low (50%)
- $34,700
- Low (80%)
- $55,500
- Extremely Low (30%)
- $31,040
- Very Low (50%)
- $37,500
- Low (80%)
- $59,950
- Extremely Low (30%)
- $35,580
- Very Low (50%)
- $40,300
- Low (80%)
- $64,400
- Extremely Low (30%)
- $40,120
- Very Low (50%)
- $43,050
- Low (80%)
- $68,850
- Extremely Low (30%)
- $44,660
- Very Low (50%)
- $45,850
- Low (80%)
- $73,300
| Household | Extremely Low (30%) | Very Low (50%) | Low (80%) |
|---|---|---|---|
| 1 Person | $14,600 | $24,300 | $38,850 |
| 2 Persons | $17,420 | $27,800 | $44,400 |
| 3 Persons | $21,960 | $31,250 | $49,950 |
| 4 Persons | $26,500 | $34,700 | $55,500 |
| 5 Persons | $31,040 | $37,500 | $59,950 |
| 6 Persons | $35,580 | $40,300 | $64,400 |
| 7 Persons | $40,120 | $43,050 | $68,850 |
| 8 Persons | $44,660 | $45,850 | $73,300 |
Tax Credit Program Details
Frequently Asked Questions
What is the average rent for affordable housing in Wellsville, NY?+
The Fair Market Rent (FMR) for Allegany County, NY is: $676 (Studio), $731 (1BR), $905 (2BR), $1130 (3BR), $1288 (4BR). Actual rent at subsidized properties like 23 North is typically 30% of household income or less.
What size apartments are available at 23 North?+
23 North offers the following unit types: 12 One-Bedroom, 4 Two-Bedroom units, for a total of 16 units.
Who is eligible to live at 23 North?+
23 North primarily serves elderly residents. All applicants must also meet income eligibility requirements for the area. Contact the property for specific eligibility criteria.
What is the price range for apartments in Wellsville, NY?+
Based on Fair Market Rent for Allegany County, the estimated price range is: 1-bedroom: $731, 2-bedroom: $905. Actual rent at 23 North may be lower for income-eligible households.
How do I apply for housing at 23 North?+
23 North 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.
What are the income limits for affordable housing in Allegany County, NY?+
For a 4-person household in Allegany County, NY, the income limits are: Extremely Low Income (30% AMI): $26,500, Very Low Income (50% AMI): $34,700, Low Income (80% AMI): $55,500. These limits are set by HUD and updated annually.
Who manages 23 North?+
23 North is managed by . You can reach them at . Visit their website for more information.
Walk Score
Very Walkable
Nearby Schools
Ratings provided by GreatSchools.org. Ratings are on a 1-10 scale.
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