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 |
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.
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 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.
Who manages Elizabethtown/Schroon Lake/Port Henry?+
Elizabethtown/Schroon Lake/Port Henry is managed by . You can reach them at .
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.
Walk Score
Car-Dependent
Nearby Schools
Ratings provided by GreatSchools.org. Ratings are on a 1-10 scale.