About This Property
Waterfront Apartments Phase I comprises 48 low-income units in Buffalo, NY that have served families since 2015. The property offers a mix of one-, two-, and three-bedroom units, with 10 one-bedrooms, 12 two-bedrooms, and 26 three-bedrooms available. The development was financed through HOME funding and utilizes 9% Low-Income Housing Tax Credits.
Waitlist Information
Waitlist managed by Town of Amherst
The program is currently closed to new applications.
Income limits apply, with a family of four needing to earn less than $50,500 per year for Very Low Income eligibility. Limited preference for homeless or at-risk of homelessness applicants.
Waitlist data provided by section8waitlist.org
Updated June 22, 2026
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 |
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Tax Credit Program Details
Frequently Asked Questions
What is the average rent for affordable housing in Buffalo, 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 Waterfront Apartments Phase I is typically 30% of household income or less.
What size apartments are available at Waterfront Apartments Phase I?+
Waterfront Apartments Phase I offers the following unit types: 10 One-Bedroom, 12 Two-Bedroom, 26 Three-Bedroom units, for a total of 48 units.
Is there a waitlist for Waterfront Apartments Phase I?+
Public Housing waitlist is currently Closed. Section 8 (HCV) waitlist is currently Closed. Waitlist status can change frequently, so check back regularly or contact the housing authority directly for the most up-to-date information.
How do I apply for housing at Waterfront Apartments Phase I?+
Waterfront Apartments Phase I 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 Waterfront Apartments Phase I?+
Waterfront Apartments Phase I is managed by . You can reach them at . Visit their website for more information.
Who is eligible to live at Waterfront Apartments Phase I?+
Waterfront Apartments Phase I primarily serves families. 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 Buffalo, NY?+
Based on Fair Market Rent for Erie County, the estimated price range is: 1-bedroom: $992, 2-bedroom: $1163, 3-bedroom: $1424. Actual rent at Waterfront Apartments Phase I may be lower for income-eligible households.
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
Very Walkable
Nearby Schools
Ratings provided by GreatSchools.org. Ratings are on a 1-10 scale.
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