About This Property
Bobak Assoc Housing offers 40 units in Albion, NY, including 25 low-income apartments designated for elderly residents. The property contains 25 one-bedroom units and operates under 4% Low-Income Housing Tax Credit financing. This development has been in service since 1988.
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 Bobak Assoc Housing is typically 30% of household income or less.
What size apartments are available at Bobak Assoc Housing?+
Bobak Assoc Housing offers the following unit types: 25 One-Bedroom units, for a total of 40 units.
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. Actual rent at Bobak Assoc Housing may be lower for income-eligible households.
How do I apply for housing at Bobak Assoc Housing?+
Bobak Assoc Housing 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 Bobak Assoc Housing?+
Bobak Assoc Housing is managed by . You can reach them at . Visit their website for more information.
Who is eligible to live at Bobak Assoc Housing?+
Bobak Assoc Housing primarily serves elderly residents. All applicants must also meet income eligibility requirements for the area. Contact the property for specific eligibility criteria.