About This Property
Elizabethtown Schroon Lake Port Henry contains 40 low-income units designed to serve families in Schroon Lake, NY. The property offers a mix of 20 one-bedroom and 20 two-bedroom apartments and has been in service since 2001. This development is financed through 9% Low-Income Housing Tax Credits.
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 Schroon Lake, 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 Elizabethtown Schroon Lake Port Henry is typically 30% of household income or less.
What size apartments are available at Elizabethtown Schroon Lake Port Henry?+
Elizabethtown Schroon Lake Port Henry offers the following unit types: 20 One-Bedroom, 20 Two-Bedroom units, for a total of 40 units.
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 Elizabethtown Schroon Lake Port Henry?+
Elizabethtown Schroon Lake Port Henry 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 Schroon Lake, NY?+
Based on Fair Market Rent for Essex County, the estimated price range is: 1-bedroom: $828, 2-bedroom: $971. Actual rent at Elizabethtown Schroon Lake Port Henry may be lower for income-eligible households.
Who manages Elizabethtown Schroon Lake Port Henry?+
Elizabethtown Schroon Lake Port Henry is managed by . You can reach them at . Visit their website for more information.
How do I apply for housing at Elizabethtown Schroon Lake Port Henry?+
Elizabethtown Schroon Lake Port Henry 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.
Walk Score
Car-Dependent
Nearby Schools
Ratings provided by GreatSchools.org. Ratings are on a 1-10 scale.