About This Property
Little Valley Estates comprises 24 low-income units serving elderly residents in Little Valley, NY. The property includes eight one-bedroom and sixteen two-bedroom units and has been in service since 1997. This community is funded through 4% Low-Income Housing Tax Credits.
Property Details
Fair Market Rent - Cattaraugus 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 | $705 |
| 1 Bedroom | $709 |
| 2 Bedroom | $905 |
| 3 Bedroom | $1,138 |
| 4 Bedroom | $1,291 |
Income Limits - Cattaraugus 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 Little Valley, NY?+
The Fair Market Rent (FMR) for Cattaraugus County, NY is: $705 (Studio), $709 (1BR), $905 (2BR), $1138 (3BR), $1291 (4BR). Actual rent at subsidized properties like Little Valley Estates is typically 30% of household income or less.
What size apartments are available at Little Valley Estates?+
Little Valley Estates offers the following unit types: 8 One-Bedroom, 16 Two-Bedroom units, for a total of 24 units.
Who manages Little Valley Estates?+
Little Valley Estates is managed by . You can reach them at . Visit their website for more information.
What is the price range for apartments in Little Valley, NY?+
Based on Fair Market Rent for Cattaraugus County, the estimated price range is: 1-bedroom: $709, 2-bedroom: $905. Actual rent at Little Valley Estates may be lower for income-eligible households.
Who is eligible to live at Little Valley Estates?+
Little Valley Estates primarily serves elderly residents. 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 Cattaraugus County, NY?+
For a 4-person household in Cattaraugus 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.
How do I apply for housing at Little Valley Estates?+
Little Valley Estates 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
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