About This Property
Albion Academy Apts comprises 30 low-income units in Albion, NY, with 24 one-bedroom and six two-bedroom apartments serving elderly residents. The property was placed in service in 2008 and operates under 9% Low-Income Housing Tax Credit financing. A non-profit organization owns and manages the community.
Property Details
Fair Market Rent - Orleans 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 | $938 |
| 1 Bedroom | $1,050 |
| 2 Bedroom | $1,307 |
| 3 Bedroom | $1,580 |
| 4 Bedroom | $1,741 |
Income Limits - Orleans County, NY
Annual income limits by household size used to determine eligibility for affordable housing programs.
- Extremely Low (30%)
- $16,850
- Very Low (50%)
- $28,100
- Low (80%)
- $44,950
- Extremely Low (30%)
- $19,250
- Very Low (50%)
- $32,100
- Low (80%)
- $51,350
- Extremely Low (30%)
- $21,960
- Very Low (50%)
- $36,100
- Low (80%)
- $57,750
- Extremely Low (30%)
- $26,500
- Very Low (50%)
- $40,100
- Low (80%)
- $64,150
- Extremely Low (30%)
- $31,040
- Very Low (50%)
- $43,350
- Low (80%)
- $69,300
- Extremely Low (30%)
- $35,580
- Very Low (50%)
- $46,550
- Low (80%)
- $74,450
- Extremely Low (30%)
- $40,120
- Very Low (50%)
- $49,750
- Low (80%)
- $79,550
- Extremely Low (30%)
- $44,660
- Very Low (50%)
- $52,950
- Low (80%)
- $84,700
| Household | Extremely Low (30%) | Very Low (50%) | Low (80%) |
|---|---|---|---|
| 1 Person | $16,850 | $28,100 | $44,950 |
| 2 Persons | $19,250 | $32,100 | $51,350 |
| 3 Persons | $21,960 | $36,100 | $57,750 |
| 4 Persons | $26,500 | $40,100 | $64,150 |
| 5 Persons | $31,040 | $43,350 | $69,300 |
| 6 Persons | $35,580 | $46,550 | $74,450 |
| 7 Persons | $40,120 | $49,750 | $79,550 |
| 8 Persons | $44,660 | $52,950 | $84,700 |
Tax Credit Program Details
Frequently Asked Questions
What is the average rent for affordable housing in Albion, NY?+
The Fair Market Rent (FMR) for Orleans County, NY is: $938 (Studio), $1050 (1BR), $1307 (2BR), $1580 (3BR), $1741 (4BR). Actual rent at subsidized properties like Albion Academy Apts is typically 30% of household income or less.
What size apartments are available at Albion Academy Apts?+
Albion Academy Apts offers the following unit types: 24 One-Bedroom, 6 Two-Bedroom units, for a total of 30 units.
How do I apply for housing at Albion Academy Apts?+
Albion Academy Apts 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 Albion Academy Apts?+
Albion Academy Apts is managed by . You can reach them at . Visit their website for more information.
Who is eligible to live at Albion Academy Apts?+
Albion Academy Apts 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 Orleans County, NY?+
For a 4-person household in Orleans County, NY, the income limits are: Extremely Low Income (30% AMI): $26,500, Very Low Income (50% AMI): $40,100, Low Income (80% AMI): $64,150. These limits are set by HUD and updated annually.
What is the price range for apartments in Albion, NY?+
Based on Fair Market Rent for Orleans County, the estimated price range is: 1-bedroom: $1050, 2-bedroom: $1307. Actual rent at Albion Academy Apts may be lower for income-eligible households.
Walk Score
Somewhat Walkable
Nearby Schools
Ratings provided by GreatSchools.org. Ratings are on a 1-10 scale.
More Affordable Housing Near Albion Academy Apts
Beechwood Apts (Albion)
Albion, NY
60 UnitsSandy Creek Apts
Albion, NY
24 UnitsBeechwood Apts Albion
Albion, NY
60 UnitsCreekwood Apts
Albion, NY
24 UnitsNorthwood
Albion, NY
24 UnitsHeritage Meadows
Kent, NY
25 Units