About This Property
508 E Main St in Springville, NY contains 15 units, with 13 designated as low-income housing serving elderly residents. The property includes thirteen one-bedroom units and was placed in service in 8888. This property participates in the 4% Low-Income Housing Tax Credit program.
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 Springville, 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 508 E Main St is typically 30% of household income or less.
What size apartments are available at 508 E Main St?+
508 E Main St offers the following unit types: 13 One-Bedroom units, for a total of 15 units.
What is the price range for apartments in Springville, NY?+
Based on Fair Market Rent for Erie County, the estimated price range is: 1-bedroom: $992. Actual rent at 508 E Main St may be lower for income-eligible households.
Who manages 508 E Main St?+
508 E Main St is managed by . You can reach them at . Visit their website for more information.
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.
Who is eligible to live at 508 E Main St?+
508 E Main St 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 508 E Main St?+
508 E Main St 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.
Contact Information
Walk Score
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Nearby Schools
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