About This Property
Park Terrace Congregate Apts offers 32 low-income units in Pine City, NY, serving elderly residents. The property features 24 one-bedroom and 4 two-bedroom units and has been in service since 2010. It is financed through 9% Low-Income Housing Tax Credits and is owned and operated by a non-profit organization.
Property Details
Fair Market Rent - Chemung 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 | $905 |
| 1 Bedroom | $922 |
| 2 Bedroom | $1,208 |
| 3 Bedroom | $1,560 |
| 4 Bedroom | $1,697 |
Income Limits - Chemung County, NY
Annual income limits by household size used to determine eligibility for affordable housing programs.
- Extremely Low (30%)
- $14,700
- Very Low (50%)
- $24,500
- Low (80%)
- $39,200
- Extremely Low (30%)
- $17,420
- Very Low (50%)
- $28,000
- Low (80%)
- $44,800
- Extremely Low (30%)
- $21,960
- Very Low (50%)
- $31,500
- Low (80%)
- $50,400
- Extremely Low (30%)
- $26,500
- Very Low (50%)
- $35,000
- Low (80%)
- $56,000
- Extremely Low (30%)
- $31,040
- Very Low (50%)
- $37,800
- Low (80%)
- $60,500
- Extremely Low (30%)
- $35,580
- Very Low (50%)
- $40,600
- Low (80%)
- $65,000
- Extremely Low (30%)
- $40,120
- Very Low (50%)
- $43,400
- Low (80%)
- $69,450
- Extremely Low (30%)
- $44,660
- Very Low (50%)
- $46,200
- Low (80%)
- $73,950
| Household | Extremely Low (30%) | Very Low (50%) | Low (80%) |
|---|---|---|---|
| 1 Person | $14,700 | $24,500 | $39,200 |
| 2 Persons | $17,420 | $28,000 | $44,800 |
| 3 Persons | $21,960 | $31,500 | $50,400 |
| 4 Persons | $26,500 | $35,000 | $56,000 |
| 5 Persons | $31,040 | $37,800 | $60,500 |
| 6 Persons | $35,580 | $40,600 | $65,000 |
| 7 Persons | $40,120 | $43,400 | $69,450 |
| 8 Persons | $44,660 | $46,200 | $73,950 |
Tax Credit Program Details
Frequently Asked Questions
What is the average rent for affordable housing in Pine City, NY?+
The Fair Market Rent (FMR) for Chemung County, NY is: $905 (Studio), $922 (1BR), $1208 (2BR), $1560 (3BR), $1697 (4BR). Actual rent at subsidized properties like Park Terrace Congregate Apts is typically 30% of household income or less.
What size apartments are available at Park Terrace Congregate Apts?+
Park Terrace Congregate Apts offers the following unit types: 24 One-Bedroom, 4 Two-Bedroom units, for a total of 32 units.
Who is eligible to live at Park Terrace Congregate Apts?+
Park Terrace Congregate Apts primarily serves elderly residents. All applicants must also meet income eligibility requirements for the area. Contact the property for specific eligibility criteria.
How do I apply for housing at Park Terrace Congregate Apts?+
Park Terrace Congregate Apts 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 is the price range for apartments in Pine City, NY?+
Based on Fair Market Rent for Chemung County, the estimated price range is: 1-bedroom: $922, 2-bedroom: $1208. Actual rent at Park Terrace Congregate Apts may be lower for income-eligible households.
Who manages Park Terrace Congregate Apts?+
Park Terrace Congregate Apts is managed by . You can reach them at . Visit their website for more information.
What are the income limits for affordable housing in Chemung County, NY?+
For a 4-person household in Chemung County, NY, the income limits are: Extremely Low Income (30% AMI): $26,500, Very Low Income (50% AMI): $35,000, Low Income (80% AMI): $56,000. These limits are set by HUD and updated annually.
Contact Information
Walk Score
Almost All Errands Require a Car
Nearby Schools
Ratings provided by GreatSchools.org. Ratings are on a 1-10 scale.
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