About This Property
Little Valley Terrace comprises 24 apartments in Little Valley, NY, with 22 units designated for low-income elderly residents. The property has been in service since 1992 and features one-bedroom floor plans. The development utilizes 4% Low-Income Housing Tax Credits to support its operations.
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 Terrace is typically 30% of household income or less.
What size apartments are available at Little Valley Terrace?+
Little Valley Terrace offers the following unit types: 22 One-Bedroom units, for a total of 24 units.
How do I apply for housing at Little Valley Terrace?+
Little Valley Terrace 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 Little Valley Terrace?+
Little Valley Terrace 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 Little Valley, NY?+
Based on Fair Market Rent for Cattaraugus County, the estimated price range is: 1-bedroom: $709. Actual rent at Little Valley Terrace may be lower for income-eligible households.
Who manages Little Valley Terrace?+
Little Valley Terrace is managed by . You can reach them at . Visit their website for more information.
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.
Contact Information
Walk Score
Almost All Errands Require a Car
