About This Property
Bolivar Landing Rhi offers 24 low-income units in Sullivan, NY, consisting of 20 one-bedroom and 4 two-bedroom apartments. The property has been in service since 2007 and serves elderly residents through financing that includes HOME funds and 9% LIHTC credits. A non-profit organization owns and operates this affordable housing community.
Property Details
Fair Market Rent - Madison 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 | $828 |
| 1 Bedroom | $916 |
| 2 Bedroom | $1,126 |
| 3 Bedroom | $1,381 |
| 4 Bedroom | $1,600 |
Income Limits - Madison County, NY
Annual income limits by household size used to determine eligibility for affordable housing programs.
- Extremely Low (30%)
- $16,700
- Very Low (50%)
- $27,850
- Low (80%)
- $44,550
- Extremely Low (30%)
- $19,100
- Very Low (50%)
- $31,800
- Low (80%)
- $50,900
- Extremely Low (30%)
- $21,960
- Very Low (50%)
- $35,800
- Low (80%)
- $57,250
- Extremely Low (30%)
- $26,500
- Very Low (50%)
- $39,750
- Low (80%)
- $63,600
- Extremely Low (30%)
- $31,040
- Very Low (50%)
- $42,950
- Low (80%)
- $68,700
- Extremely Low (30%)
- $35,580
- Very Low (50%)
- $46,150
- Low (80%)
- $73,800
- Extremely Low (30%)
- $40,120
- Very Low (50%)
- $49,300
- Low (80%)
- $78,900
- Extremely Low (30%)
- $44,660
- Very Low (50%)
- $52,500
- Low (80%)
- $84,000
| Household | Extremely Low (30%) | Very Low (50%) | Low (80%) |
|---|---|---|---|
| 1 Person | $16,700 | $27,850 | $44,550 |
| 2 Persons | $19,100 | $31,800 | $50,900 |
| 3 Persons | $21,960 | $35,800 | $57,250 |
| 4 Persons | $26,500 | $39,750 | $63,600 |
| 5 Persons | $31,040 | $42,950 | $68,700 |
| 6 Persons | $35,580 | $46,150 | $73,800 |
| 7 Persons | $40,120 | $49,300 | $78,900 |
| 8 Persons | $44,660 | $52,500 | $84,000 |
Tax Credit Program Details
Frequently Asked Questions
What is the average rent for affordable housing in Sullivan, NY?+
The Fair Market Rent (FMR) for Madison County, NY is: $828 (Studio), $916 (1BR), $1126 (2BR), $1381 (3BR), $1600 (4BR). Actual rent at subsidized properties like Bolivar Landing Rhi is typically 30% of household income or less.
What size apartments are available at Bolivar Landing Rhi?+
Bolivar Landing Rhi offers the following unit types: 20 One-Bedroom, 4 Two-Bedroom units, for a total of 24 units.
What is the price range for apartments in Sullivan, NY?+
Based on Fair Market Rent for Madison County, the estimated price range is: 1-bedroom: $916, 2-bedroom: $1126. Actual rent at Bolivar Landing Rhi may be lower for income-eligible households.
What are the income limits for affordable housing in Madison County, NY?+
For a 4-person household in Madison County, NY, the income limits are: Extremely Low Income (30% AMI): $26,500, Very Low Income (50% AMI): $39,750, Low Income (80% AMI): $63,600. These limits are set by HUD and updated annually.
Who is eligible to live at Bolivar Landing Rhi?+
Bolivar Landing Rhi primarily serves elderly residents. All applicants must also meet income eligibility requirements for the area. Contact the property for specific eligibility criteria.
How do I apply for housing at Bolivar Landing Rhi?+
Bolivar Landing Rhi 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.
Who manages Bolivar Landing Rhi?+
Bolivar Landing Rhi is managed by . You can reach them at . Visit their website for more information.
Contact Information
Walk Score
Almost All Errands Require a Car
Nearby Schools
Ratings provided by GreatSchools.org. Ratings are on a 1-10 scale.
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