About This Property
This 40-unit property in Schroon Lake provides affordable housing for families through the Low-Income Housing Tax Credit program. The community offers 20 one-bedroom and 20 two-bedroom units and has served residents since 2001. All units are designated for low-income households.
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 |
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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.
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 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 manages Elizabethtown/Schroon Lake/Port Henry?+
Elizabethtown/Schroon Lake/Port Henry is managed by . You can reach them at .
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.
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 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.
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Nearby Schools
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