About This Property
This property contains three low-income units in Troy, NY and includes one 2-bedroom, one 3-bedroom, and one 4-bedroom apartment, serving families. The development utilizes 4% Low-Income Housing Tax Credits and remains in service. Interested parties can contact the property manager for additional information regarding availability and lease terms.
Waitlist Information
Waitlist managed by Troy Housing Authority
Applications can be submitted online through the THA PORTAL, by printing and emailing, or in-person at any THA location. Generally, households must be at or below the Very Low Income Limit (50% of Area Median Income).
The Housing Choice Voucher Program waiting list is currently closed to new applications.
Waitlist data provided by section8waitlist.org
Updated April 17, 2026
Property Details
Fair Market Rent - Rensselaer 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 | $1,011 |
| 1 Bedroom | $1,131 |
| 2 Bedroom | $1,374 |
| 3 Bedroom | $1,661 |
| 4 Bedroom | $1,830 |
Income Limits - Rensselaer County, NY
Annual income limits by household size used to determine eligibility for affordable housing programs.
- Extremely Low (30%)
- $20,100
- Very Low (50%)
- $33,500
- Low (80%)
- $53,550
- Extremely Low (30%)
- $23,000
- Very Low (50%)
- $38,250
- Low (80%)
- $61,200
- Extremely Low (30%)
- $25,850
- Very Low (50%)
- $43,050
- Low (80%)
- $68,850
- Extremely Low (30%)
- $28,700
- Very Low (50%)
- $47,800
- Low (80%)
- $76,500
- Extremely Low (30%)
- $31,040
- Very Low (50%)
- $51,650
- Low (80%)
- $82,650
- Extremely Low (30%)
- $35,580
- Very Low (50%)
- $55,450
- Low (80%)
- $88,750
- Extremely Low (30%)
- $40,120
- Very Low (50%)
- $59,300
- Low (80%)
- $94,900
- Extremely Low (30%)
- $44,660
- Very Low (50%)
- $63,100
- Low (80%)
- $101,000
| Household | Extremely Low (30%) | Very Low (50%) | Low (80%) |
|---|---|---|---|
| 1 Person | $20,100 | $33,500 | $53,550 |
| 2 Persons | $23,000 | $38,250 | $61,200 |
| 3 Persons | $25,850 | $43,050 | $68,850 |
| 4 Persons | $28,700 | $47,800 | $76,500 |
| 5 Persons | $31,040 | $51,650 | $82,650 |
| 6 Persons | $35,580 | $55,450 | $88,750 |
| 7 Persons | $40,120 | $59,300 | $94,900 |
| 8 Persons | $44,660 | $63,100 | $101,000 |
Tax Credit Program Details
Frequently Asked Questions
What is the average rent for affordable housing in Troy, NY?+
The Fair Market Rent (FMR) for Rensselaer County, NY is: $1011 (Studio), $1131 (1BR), $1374 (2BR), $1661 (3BR), $1830 (4BR). Actual rent at subsidized properties like 2251-2255 Fifth Ave is typically 30% of household income or less.
What size apartments are available at 2251-2255 Fifth Ave?+
2251-2255 Fifth Ave offers the following unit types: 1 Two-Bedroom, 1 Three-Bedroom, 1 Four-Bedroom units, for a total of 3 units.
Is there a waitlist for 2251-2255 Fifth Ave?+
Public Housing waitlist is currently Open. Section 8 (HCV) waitlist is currently Closed. Waitlist status can change frequently, so check back regularly or contact the housing authority directly for the most up-to-date information.
What is the price range for apartments in Troy, NY?+
Based on Fair Market Rent for Rensselaer County, the estimated price range is: 2-bedroom: $1374, 3-bedroom: $1661. Actual rent at 2251-2255 Fifth Ave may be lower for income-eligible households.
Who manages 2251-2255 Fifth Ave?+
2251-2255 Fifth Ave is managed by . You can reach them at . Visit their website for more information.
Who is eligible to live at 2251-2255 Fifth Ave?+
2251-2255 Fifth Ave primarily serves families. All applicants must also meet income eligibility requirements for the area. Contact the property for specific eligibility criteria.
How do I apply for housing at 2251-2255 Fifth Ave?+
2251-2255 Fifth Ave 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.
What are the income limits for affordable housing in Rensselaer County, NY?+
For a 4-person household in Rensselaer County, NY, the income limits are: Extremely Low Income (30% AMI): $28,700, Very Low Income (50% AMI): $47,800, Low Income (80% AMI): $76,500. These limits are set by HUD and updated annually.
Contact Information
Walk Score
Very Walkable
Nearby Schools
Ratings provided by GreatSchools.org. Ratings are on a 1-10 scale.
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