About This Property
Milford Family Housing comprises 28 low-income rental units serving families in Milford, NY. The property includes 10 one-bedroom, 16 two-bedroom, and 2 three-bedroom units and has been in service since 1991. The development is financed through 4% Low-Income Housing Tax Credits.
Property Details
Fair Market Rent - Otsego 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 | $719 |
| 1 Bedroom | $879 |
| 2 Bedroom | $1,061 |
| 3 Bedroom | $1,304 |
| 4 Bedroom | $1,413 |
Income Limits - Otsego 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 Milford, NY?+
The Fair Market Rent (FMR) for Otsego County, NY is: $719 (Studio), $879 (1BR), $1061 (2BR), $1304 (3BR), $1413 (4BR). Actual rent at subsidized properties like Milford Family Housing is typically 30% of household income or less.
What size apartments are available at Milford Family Housing?+
Milford Family Housing offers the following unit types: 10 One-Bedroom, 16 Two-Bedroom, 2 Three-Bedroom units, for a total of 28 units.
Who manages Milford Family Housing?+
Milford Family Housing is managed by . You can reach them at . Visit their website for more information.
What is the price range for apartments in Milford, NY?+
Based on Fair Market Rent for Otsego County, the estimated price range is: 1-bedroom: $879, 2-bedroom: $1061, 3-bedroom: $1304. Actual rent at Milford Family Housing may be lower for income-eligible households.
How do I apply for housing at Milford Family Housing?+
Milford Family 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 is eligible to live at Milford Family Housing?+
Milford Family Housing primarily serves families, UNSPECIFIED. 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 Otsego County, NY?+
For a 4-person household in Otsego 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.
Contact Information
Walk Score
Almost All Errands Require a Car
Nearby Schools
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