About This Property
Palatine Village provides 24 one-bedroom apartments for elderly residents in Palatine Bridge, NY. The property has been in service since 2001 and utilizes 9% Low-Income Housing Tax Credits to maintain affordability. All units serve low-income households.
Property Details
Fair Market Rent - Montgomery 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 | $745 |
| 1 Bedroom | $780 |
| 2 Bedroom | $914 |
| 3 Bedroom | $1,166 |
| 4 Bedroom | $1,251 |
Income Limits - Montgomery 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 Palatine Bridge, NY?+
The Fair Market Rent (FMR) for Montgomery County, NY is: $745 (Studio), $780 (1BR), $914 (2BR), $1166 (3BR), $1251 (4BR). Actual rent at subsidized properties like Palatine Village is typically 30% of household income or less.
What size apartments are available at Palatine Village?+
Palatine Village offers the following unit types: 24 One-Bedroom units, for a total of 24 units.
What are the income limits for affordable housing in Montgomery County, NY?+
For a 4-person household in Montgomery 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.
Who is eligible to live at Palatine Village?+
Palatine Village primarily serves elderly residents. 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 Palatine Bridge, NY?+
Based on Fair Market Rent for Montgomery County, the estimated price range is: 1-bedroom: $780. Actual rent at Palatine Village may be lower for income-eligible households.
How do I apply for housing at Palatine Village?+
Palatine Village 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 Palatine Village?+
Palatine Village 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.
