About This Property
Philmont Terrace offers 32 one-bedroom apartments in Philmont, NY and serves elderly residents through low-income housing. The property has been in service since 1995 and utilizes 4% Low-Income Housing Tax Credits to support affordability. Management contact information is available upon request.
Property Details
Fair Market Rent - Columbia 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 | $1,032 |
| 1 Bedroom | $1,042 |
| 2 Bedroom | $1,190 |
| 3 Bedroom | $1,439 |
| 4 Bedroom | $1,585 |
Income Limits - Columbia County, NY
Annual income limits by household size used to determine eligibility for affordable housing programs.
- Extremely Low (30%)
- $16,750
- Very Low (50%)
- $27,900
- Low (80%)
- $44,600
- Extremely Low (30%)
- $19,150
- Very Low (50%)
- $31,850
- Low (80%)
- $51,000
- Extremely Low (30%)
- $21,960
- Very Low (50%)
- $35,850
- Low (80%)
- $57,350
- Extremely Low (30%)
- $26,500
- Very Low (50%)
- $39,800
- Low (80%)
- $63,700
- Extremely Low (30%)
- $31,040
- Very Low (50%)
- $43,000
- Low (80%)
- $68,800
- Extremely Low (30%)
- $35,580
- Very Low (50%)
- $46,200
- Low (80%)
- $73,900
- Extremely Low (30%)
- $40,120
- Very Low (50%)
- $49,400
- Low (80%)
- $79,000
- Extremely Low (30%)
- $44,660
- Very Low (50%)
- $52,550
- Low (80%)
- $84,100
| Household | Extremely Low (30%) | Very Low (50%) | Low (80%) |
|---|---|---|---|
| 1 Person | $16,750 | $27,900 | $44,600 |
| 2 Persons | $19,150 | $31,850 | $51,000 |
| 3 Persons | $21,960 | $35,850 | $57,350 |
| 4 Persons | $26,500 | $39,800 | $63,700 |
| 5 Persons | $31,040 | $43,000 | $68,800 |
| 6 Persons | $35,580 | $46,200 | $73,900 |
| 7 Persons | $40,120 | $49,400 | $79,000 |
| 8 Persons | $44,660 | $52,550 | $84,100 |
Tax Credit Program Details
Frequently Asked Questions
What is the average rent for affordable housing in Philmont, NY?+
The Fair Market Rent (FMR) for Columbia County, NY is: $1032 (Studio), $1042 (1BR), $1190 (2BR), $1439 (3BR), $1585 (4BR). Actual rent at subsidized properties like Philmont Terrace is typically 30% of household income or less.
What size apartments are available at Philmont Terrace?+
Philmont Terrace offers the following unit types: 32 One-Bedroom units, for a total of 32 units.
How do I apply for housing at Philmont Terrace?+
Philmont 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.
What is the price range for apartments in Philmont, NY?+
Based on Fair Market Rent for Columbia County, the estimated price range is: 1-bedroom: $1042. Actual rent at Philmont Terrace may be lower for income-eligible households.
What are the income limits for affordable housing in Columbia County, NY?+
For a 4-person household in Columbia County, NY, the income limits are: Extremely Low Income (30% AMI): $26,500, Very Low Income (50% AMI): $39,800, Low Income (80% AMI): $63,700. These limits are set by HUD and updated annually.
Who is eligible to live at Philmont Terrace?+
Philmont Terrace primarily serves elderly residents. All applicants must also meet income eligibility requirements for the area. Contact the property for specific eligibility criteria.
Who manages Philmont Terrace?+
Philmont Terrace is managed by . You can reach them at . Visit their website for more information.
Contact Information
Walk Score
Car-Dependent
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