About This Property
Cloisters At the Meadows comprises 112 units in Akron, NY, with 104 designated as low-income housing. The property, which opened in 2015, serves elderly and disabled residents through a mix of 99 one-bedroom and 13 two-bedroom apartments and is financed through 9% Low-Income Housing Tax Credits. The community is professionally managed to support its target population.
Property Details
Fair Market Rent - Erie 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 | $951 |
| 1 Bedroom | $992 |
| 2 Bedroom | $1,163 |
| 3 Bedroom | $1,424 |
| 4 Bedroom | $1,604 |
Income Limits - Erie County, NY
Annual income limits by household size used to determine eligibility for affordable housing programs.
- Extremely Low (30%)
- $16,600
- Very Low (50%)
- $27,650
- Low (80%)
- $44,200
- Extremely Low (30%)
- $18,950
- Very Low (50%)
- $31,600
- Low (80%)
- $50,500
- Extremely Low (30%)
- $21,960
- Very Low (50%)
- $35,550
- Low (80%)
- $56,800
- Extremely Low (30%)
- $26,500
- Very Low (50%)
- $39,450
- Low (80%)
- $63,100
- Extremely Low (30%)
- $31,040
- Very Low (50%)
- $42,650
- Low (80%)
- $68,150
- Extremely Low (30%)
- $35,580
- Very Low (50%)
- $45,800
- Low (80%)
- $73,200
- Extremely Low (30%)
- $40,120
- Very Low (50%)
- $48,950
- Low (80%)
- $78,250
- Extremely Low (30%)
- $44,660
- Very Low (50%)
- $52,100
- Low (80%)
- $83,300
| Household | Extremely Low (30%) | Very Low (50%) | Low (80%) |
|---|---|---|---|
| 1 Person | $16,600 | $27,650 | $44,200 |
| 2 Persons | $18,950 | $31,600 | $50,500 |
| 3 Persons | $21,960 | $35,550 | $56,800 |
| 4 Persons | $26,500 | $39,450 | $63,100 |
| 5 Persons | $31,040 | $42,650 | $68,150 |
| 6 Persons | $35,580 | $45,800 | $73,200 |
| 7 Persons | $40,120 | $48,950 | $78,250 |
| 8 Persons | $44,660 | $52,100 | $83,300 |
Tax Credit Program Details
Frequently Asked Questions
What is the average rent for affordable housing in Akron, NY?+
The Fair Market Rent (FMR) for Erie County, NY is: $951 (Studio), $992 (1BR), $1163 (2BR), $1424 (3BR), $1604 (4BR). Actual rent at subsidized properties like Cloisters At the Meadows is typically 30% of household income or less.
What size apartments are available at Cloisters At the Meadows?+
Cloisters At the Meadows offers the following unit types: 99 One-Bedroom, 13 Two-Bedroom units, for a total of 112 units.
Who manages Cloisters At the Meadows?+
Cloisters At the Meadows is managed by . You can reach them at . Visit their website for more information.
What is the price range for apartments in Akron, NY?+
Based on Fair Market Rent for Erie County, the estimated price range is: 1-bedroom: $992, 2-bedroom: $1163. Actual rent at Cloisters At the Meadows may be lower for income-eligible households.
Who is eligible to live at Cloisters At the Meadows?+
Cloisters At the Meadows primarily serves elderly residents, persons with disabilities, frail elderly. 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 Cloisters At the Meadows?+
Cloisters At the Meadows 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 are the income limits for affordable housing in Erie County, NY?+
For a 4-person household in Erie County, NY, the income limits are: Extremely Low Income (30% AMI): $26,500, Very Low Income (50% AMI): $39,450, Low Income (80% AMI): $63,100. These limits are set by HUD and updated annually.
Contact Information
Walk Score
Car-Dependent
Nearby Schools
Ratings provided by GreatSchools.org. Ratings are on a 1-10 scale.