About This Property
Grandview Assoc comprises 22 low-income rental units in Frankfort, NY, serving elderly residents. The property includes 20 one-bedroom and 2 two-bedroom units and has been in service since 1994. The development receives 4% Low-Income Housing Tax Credit financing.
Property Details
Fair Market Rent - Herkimer 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 | $785 |
| 1 Bedroom | $790 |
| 2 Bedroom | $992 |
| 3 Bedroom | $1,199 |
| 4 Bedroom | $1,410 |
Income Limits - Herkimer 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 Frankfort, NY?+
The Fair Market Rent (FMR) for Herkimer County, NY is: $785 (Studio), $790 (1BR), $992 (2BR), $1199 (3BR), $1410 (4BR). Actual rent at subsidized properties like Grandview Assoc is typically 30% of household income or less.
What size apartments are available at Grandview Assoc?+
Grandview Assoc offers the following unit types: 20 One-Bedroom, 2 Two-Bedroom units, for a total of 22 units.
Who is eligible to live at Grandview Assoc?+
Grandview Assoc primarily serves elderly residents. All applicants must also meet income eligibility requirements for the area. Contact the property for specific eligibility criteria.
Who manages Grandview Assoc?+
Grandview Assoc is managed by . You can reach them at . Visit their website for more information.
How do I apply for housing at Grandview Assoc?+
Grandview Assoc 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.
What is the price range for apartments in Frankfort, NY?+
Based on Fair Market Rent for Herkimer County, the estimated price range is: 1-bedroom: $790, 2-bedroom: $992. Actual rent at Grandview Assoc may be lower for income-eligible households.
What are the income limits for affordable housing in Herkimer County, NY?+
For a 4-person household in Herkimer 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.
Contact Information
Walk Score
Somewhat Walkable
Nearby Schools
Ratings provided by GreatSchools.org. Ratings are on a 1-10 scale.
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