About This Property
The Franklin Building in Watertown offers 16 low-income units that serve families and homeless individuals. Placed in service in 2011, the property includes 4 studios, 6 one-bedroom units, and 6 two-bedroom units, and is funded through TCAP and CDBG programs with 9% Low Income Housing Tax Credits. The non-profit owned building provides affordable rental housing in Jefferson County.
Waitlist Information
Waitlist managed by Watertown Housing Authority
The organization operates exclusively from a waiting list for all applications. There is no option for immediate placement. Applicants will be placed on the waiting list and notified when a suitable unit becomes available.
The organization operates exclusively from a waiting list for all applications and does not have the option for immediate placement. All applicants will be placed on the waiting list and notified when a suitable unit becomes available.
Waitlist data provided by section8waitlist.org
Updated April 17, 2026
Property Details
Fair Market Rent - Jefferson 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 | $922 |
| 1 Bedroom | $1,035 |
| 2 Bedroom | $1,360 |
| 3 Bedroom | $1,843 |
| 4 Bedroom | $2,231 |
Income Limits - Jefferson County, NY
Annual income limits by household size used to determine eligibility for affordable housing programs.
- Extremely Low (30%)
- $14,600
- Very Low (50%)
- $24,300
- Low (80%)
- $38,850
- Extremely Low (30%)
- $17,420
- Very Low (50%)
- $27,800
- Low (80%)
- $44,400
- Extremely Low (30%)
- $21,960
- Very Low (50%)
- $31,250
- Low (80%)
- $49,950
- Extremely Low (30%)
- $26,500
- Very Low (50%)
- $34,700
- Low (80%)
- $55,500
- Extremely Low (30%)
- $31,040
- Very Low (50%)
- $37,500
- Low (80%)
- $59,950
- Extremely Low (30%)
- $35,580
- Very Low (50%)
- $40,300
- Low (80%)
- $64,400
- Extremely Low (30%)
- $40,120
- Very Low (50%)
- $43,050
- Low (80%)
- $68,850
- Extremely Low (30%)
- $44,660
- Very Low (50%)
- $45,850
- Low (80%)
- $73,300
| Household | Extremely Low (30%) | Very Low (50%) | Low (80%) |
|---|---|---|---|
| 1 Person | $14,600 | $24,300 | $38,850 |
| 2 Persons | $17,420 | $27,800 | $44,400 |
| 3 Persons | $21,960 | $31,250 | $49,950 |
| 4 Persons | $26,500 | $34,700 | $55,500 |
| 5 Persons | $31,040 | $37,500 | $59,950 |
| 6 Persons | $35,580 | $40,300 | $64,400 |
| 7 Persons | $40,120 | $43,050 | $68,850 |
| 8 Persons | $44,660 | $45,850 | $73,300 |
Tax Credit Program Details
Frequently Asked Questions
What is the average rent for affordable housing in Watertown, NY?+
The Fair Market Rent (FMR) for Jefferson County, NY is: $922 (Studio), $1035 (1BR), $1360 (2BR), $1843 (3BR), $2231 (4BR). Actual rent at subsidized properties like Franklin Building is typically 30% of household income or less.
What size apartments are available at Franklin Building?+
Franklin Building offers the following unit types: 4 Studio, 6 One-Bedroom, 6 Two-Bedroom units, for a total of 16 units.
Who manages Franklin Building?+
Franklin Building is managed by . You can reach them at . Visit their website for more information.
Who is eligible to live at Franklin Building?+
Franklin Building primarily serves families, formerly homeless individuals. 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 Watertown, NY?+
Based on Fair Market Rent for Jefferson County, the estimated price range is: 1-bedroom: $1035, 2-bedroom: $1360. Actual rent at Franklin Building may be lower for income-eligible households.
How do I apply for housing at Franklin Building?+
Franklin Building 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 are the income limits for affordable housing in Jefferson County, NY?+
For a 4-person household in Jefferson County, NY, the income limits are: Extremely Low Income (30% AMI): $26,500, Very Low Income (50% AMI): $34,700, Low Income (80% AMI): $55,500. These limits are set by HUD and updated annually.
Is there a waitlist for Franklin Building?+
Public Housing waitlist is currently Open. Section 8 (HCV) waitlist is currently Closed. Waitlist status can change frequently, so check back regularly or contact the housing authority directly for the most up-to-date information.
Contact Information
Walk Score
Very Walkable
Nearby Schools
Ratings provided by GreatSchools.org. Ratings are on a 1-10 scale.
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