About This Property
Read Memorial Senior Housing offers 28 one-bedroom apartments in Hancock, NY for elderly residents with low incomes. The property has been in service since 1993 and utilizes 4% Low-Income Housing Tax Credits to maintain affordability. Management information is available upon request.
Property Details
Fair Market Rent - Delaware 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 | $785 |
| 1 Bedroom | $798 |
| 2 Bedroom | $905 |
| 3 Bedroom | $1,275 |
| 4 Bedroom | $1,280 |
Income Limits - Delaware 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 Hancock, NY?+
The Fair Market Rent (FMR) for Delaware County, NY is: $785 (Studio), $798 (1BR), $905 (2BR), $1275 (3BR), $1280 (4BR). Actual rent at subsidized properties like Read Memorial Senior Housing is typically 30% of household income or less.
What size apartments are available at Read Memorial Senior Housing?+
Read Memorial Senior Housing offers the following unit types: 28 One-Bedroom units, for a total of 28 units.
Who is eligible to live at Read Memorial Senior Housing?+
Read Memorial Senior Housing 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 Read Memorial Senior Housing?+
Read Memorial Senior Housing 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 manages Read Memorial Senior Housing?+
Read Memorial Senior Housing is managed by . You can reach them at . Visit their website for more information.
What are the income limits for affordable housing in Delaware County, NY?+
For a 4-person household in Delaware 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.
What is the price range for apartments in Hancock, NY?+
Based on Fair Market Rent for Delaware County, the estimated price range is: 1-bedroom: $798. Actual rent at Read Memorial Senior Housing may be lower for income-eligible households.
Contact Information
Walk Score
Car-Dependent
Nearby Schools
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