About This Property
West Valley Townhouses I offers 12 low-income units in Lake Placid, NY, comprising eight one-bedroom and four two-bedroom homes. The property has been in service since 1998 and serves households with disabilities and those experiencing homelessness. The development utilizes 9% Low-Income Housing Tax Credits to support its operation.
Property Details
Fair Market Rent - Essex 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 | $824 |
| 1 Bedroom | $828 |
| 2 Bedroom | $971 |
| 3 Bedroom | $1,309 |
| 4 Bedroom | $1,446 |
Income Limits - Essex County, NY
Annual income limits by household size used to determine eligibility for affordable housing programs.
- Extremely Low (30%)
- $15,200
- Very Low (50%)
- $25,350
- Low (80%)
- $40,550
- Extremely Low (30%)
- $17,420
- Very Low (50%)
- $29,000
- Low (80%)
- $46,350
- Extremely Low (30%)
- $21,960
- Very Low (50%)
- $32,600
- Low (80%)
- $52,150
- Extremely Low (30%)
- $26,500
- Very Low (50%)
- $36,200
- Low (80%)
- $57,900
- Extremely Low (30%)
- $31,040
- Very Low (50%)
- $39,100
- Low (80%)
- $62,550
- Extremely Low (30%)
- $35,580
- Very Low (50%)
- $42,000
- Low (80%)
- $67,200
- Extremely Low (30%)
- $40,120
- Very Low (50%)
- $44,900
- Low (80%)
- $71,800
- Extremely Low (30%)
- $44,660
- Very Low (50%)
- $47,800
- Low (80%)
- $76,450
| Household | Extremely Low (30%) | Very Low (50%) | Low (80%) |
|---|---|---|---|
| 1 Person | $15,200 | $25,350 | $40,550 |
| 2 Persons | $17,420 | $29,000 | $46,350 |
| 3 Persons | $21,960 | $32,600 | $52,150 |
| 4 Persons | $26,500 | $36,200 | $57,900 |
| 5 Persons | $31,040 | $39,100 | $62,550 |
| 6 Persons | $35,580 | $42,000 | $67,200 |
| 7 Persons | $40,120 | $44,900 | $71,800 |
| 8 Persons | $44,660 | $47,800 | $76,450 |
Tax Credit Program Details
Frequently Asked Questions
What is the average rent for affordable housing in Lake Placid, NY?+
The Fair Market Rent (FMR) for Essex County, NY is: $824 (Studio), $828 (1BR), $971 (2BR), $1309 (3BR), $1446 (4BR). Actual rent at subsidized properties like West Valley Townhouses I is typically 30% of household income or less.
What size apartments are available at West Valley Townhouses I?+
West Valley Townhouses I offers the following unit types: 8 One-Bedroom, 4 Two-Bedroom units, for a total of 12 units.
What is the price range for apartments in Lake Placid, NY?+
Based on Fair Market Rent for Essex County, the estimated price range is: 1-bedroom: $828, 2-bedroom: $971. Actual rent at West Valley Townhouses I may be lower for income-eligible households.
How do I apply for housing at West Valley Townhouses I?+
West Valley Townhouses 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 West Valley Townhouses I?+
West Valley Townhouses I is managed by . You can reach them at . Visit their website for more information.
What are the income limits for affordable housing in Essex County, NY?+
For a 4-person household in Essex County, NY, the income limits are: Extremely Low Income (30% AMI): $26,500, Very Low Income (50% AMI): $36,200, Low Income (80% AMI): $57,900. These limits are set by HUD and updated annually.
Who is eligible to live at West Valley Townhouses I?+
West Valley Townhouses I primarily serves persons with disabilities, formerly homeless individuals. All applicants must also meet income eligibility requirements for the area. Contact the property for specific eligibility criteria.
Walk Score
Car-Dependent
Nearby Schools
Ratings provided by GreatSchools.org. Ratings are on a 1-10 scale.
More Affordable Housing Near West Valley Townhouses I
West Valley Townhouses Ii
Lake Placid, NY
12 UnitsHelen Hill Apts
Saranac Lake, NY
12 UnitsBroadway Apts
Saranac Lake, NY
3 Units
Harrietstown Housing Authority
Saranac Lake, NY
248 Units
Lake Flower Apartments.
Saranac Lake, NY
78 Units