About This Property
Wellsville Woods provides 24 low-income apartments in Wellsville designed to serve elderly residents. The property includes 22 one-bedroom units and 2 two-bedroom units and has been in service since 1997. The community receives 9% Low-Income Housing Tax Credit financing.
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 Wellsville Woods is typically 30% of household income or less.
What size apartments are available at Wellsville Woods?+
Wellsville Woods offers the following unit types: 22 One-Bedroom, 2 Two-Bedroom units, for a total of 24 units.
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 Wellsville Woods may be lower for income-eligible households.
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 Wellsville Woods?+
Wellsville Woods is managed by . You can reach them at . Visit their website for more information.
How do I apply for housing at Wellsville Woods?+
Wellsville Woods 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 Wellsville Woods?+
Wellsville Woods primarily serves elderly residents. All applicants must also meet income eligibility requirements for the area. Contact the property for specific eligibility criteria.
Walk Score
Almost All Errands Require a Car
Nearby Schools
Ratings provided by GreatSchools.org. Ratings are on a 1-10 scale.
More Affordable Housing Near Wellsville Woods
23 North
Wellsville, NY
16 UnitsMaple Apts
Alfred, NY
24 UnitsBelmont Village Court
Belmont, NY
24 UnitsWellsville-Seneca Apts
Wellsville, NY
28 UnitsBrookhaven Apts - Wellsville
Wellsville, NY
40 UnitsMerriam Heights Apts
Wellsville, NY
24 Units