About This Property
2982 Stony Point Rd Apts is a six-unit apartment community in Grand Island, NY that serves households with disabilities. The property contains six studio units and has been in service since 2001, operating as a low-income housing development with 9% LIHTC financing. All units are designated for low-income occupancy.
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 Grand Island, 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 2982 Stony Point Rd Apts is typically 30% of household income or less.
What size apartments are available at 2982 Stony Point Rd Apts?+
2982 Stony Point Rd Apts offers the following unit types: 6 Studio units, for a total of 6 units.
How do I apply for housing at 2982 Stony Point Rd Apts?+
2982 Stony Point Rd 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.
Who manages 2982 Stony Point Rd Apts?+
2982 Stony Point Rd Apts is managed by . You can reach them at . Visit their website for more information.
Who is eligible to live at 2982 Stony Point Rd Apts?+
2982 Stony Point Rd Apts primarily serves persons with disabilities. All applicants must also meet income eligibility requirements for the area. Contact the property for specific eligibility criteria.
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
Almost All Errands Require a Car
Nearby Schools
Ratings provided by GreatSchools.org. Ratings are on a 1-10 scale.
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