About This Property
Colonial Village contains 48 low-income rental units in East Syracuse serving elderly residents. The property features 44 one-bedroom and 4 two-bedroom units and was placed in service in 1998. This LIHTC property is financed with 9% tax credits.
Property Details
Fair Market Rent - Onondaga 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 - Onondaga 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 East Syracuse, NY?+
The Fair Market Rent (FMR) for Onondaga County, NY is: $828 (Studio), $916 (1BR), $1126 (2BR), $1381 (3BR), $1600 (4BR). Actual rent at subsidized properties like Colonial Village is typically 30% of household income or less.
What size apartments are available at Colonial Village?+
Colonial Village offers the following unit types: 44 One-Bedroom, 4 Two-Bedroom units, for a total of 48 units.
Who manages Colonial Village?+
Colonial Village is managed by . You can reach them at . Visit their website for more information.
How do I apply for housing at Colonial Village?+
Colonial 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 is eligible to live at Colonial Village?+
Colonial Village primarily serves elderly residents. All applicants must also meet income eligibility requirements for the area. Contact the property for specific eligibility criteria.
What are the income limits for affordable housing in Onondaga County, NY?+
For a 4-person household in Onondaga 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.
What is the price range for apartments in East Syracuse, NY?+
Based on Fair Market Rent for Onondaga County, the estimated price range is: 1-bedroom: $916, 2-bedroom: $1126. Actual rent at Colonial Village may be lower for income-eligible households.
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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