About This Property
Waterloo Heights contains 24 one-bedroom units designated for low-income elderly residents in Waterloo, NY. The property was placed in service in 2010 and operates under 9% Low-Income Housing Tax Credit financing. A non-profit organization owns and manages the community.
Property Details
Fair Market Rent - Seneca 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 | $765 |
| 1 Bedroom | $770 |
| 2 Bedroom | $991 |
| 3 Bedroom | $1,297 |
| 4 Bedroom | $1,682 |
Income Limits - Seneca County, NY
Annual income limits by household size used to determine eligibility for affordable housing programs.
- Extremely Low (30%)
- $14,800
- Very Low (50%)
- $24,650
- Low (80%)
- $39,400
- Extremely Low (30%)
- $17,420
- Very Low (50%)
- $28,150
- Low (80%)
- $45,000
- Extremely Low (30%)
- $21,960
- Very Low (50%)
- $31,650
- Low (80%)
- $50,650
- Extremely Low (30%)
- $26,500
- Very Low (50%)
- $35,150
- Low (80%)
- $56,250
- Extremely Low (30%)
- $31,040
- Very Low (50%)
- $38,000
- Low (80%)
- $60,750
- Extremely Low (30%)
- $35,580
- Very Low (50%)
- $40,800
- Low (80%)
- $65,250
- Extremely Low (30%)
- $40,120
- Very Low (50%)
- $43,600
- Low (80%)
- $69,750
- Extremely Low (30%)
- $44,660
- Very Low (50%)
- $46,400
- Low (80%)
- $74,250
| Household | Extremely Low (30%) | Very Low (50%) | Low (80%) |
|---|---|---|---|
| 1 Person | $14,800 | $24,650 | $39,400 |
| 2 Persons | $17,420 | $28,150 | $45,000 |
| 3 Persons | $21,960 | $31,650 | $50,650 |
| 4 Persons | $26,500 | $35,150 | $56,250 |
| 5 Persons | $31,040 | $38,000 | $60,750 |
| 6 Persons | $35,580 | $40,800 | $65,250 |
| 7 Persons | $40,120 | $43,600 | $69,750 |
| 8 Persons | $44,660 | $46,400 | $74,250 |
Tax Credit Program Details
Frequently Asked Questions
What is the average rent for affordable housing in Waterloo, NY?+
The Fair Market Rent (FMR) for Seneca County, NY is: $765 (Studio), $770 (1BR), $991 (2BR), $1297 (3BR), $1682 (4BR). Actual rent at subsidized properties like Waterloo Heights is typically 30% of household income or less.
What size apartments are available at Waterloo Heights?+
Waterloo Heights offers the following unit types: 24 One-Bedroom units, for a total of 24 units.
What is the price range for apartments in Waterloo, NY?+
Based on Fair Market Rent for Seneca County, the estimated price range is: 1-bedroom: $770. Actual rent at Waterloo Heights may be lower for income-eligible households.
What are the income limits for affordable housing in Seneca County, NY?+
For a 4-person household in Seneca County, NY, the income limits are: Extremely Low Income (30% AMI): $26,500, Very Low Income (50% AMI): $35,150, Low Income (80% AMI): $56,250. These limits are set by HUD and updated annually.
Who manages Waterloo Heights?+
Waterloo Heights is managed by . You can reach them at . Visit their website for more information.
Who is eligible to live at Waterloo Heights?+
Waterloo Heights primarily serves elderly residents. 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 Waterloo Heights?+
Waterloo Heights 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.
Walk Score
Somewhat Walkable
Nearby Schools
Ratings provided by GreatSchools.org. Ratings are on a 1-10 scale.
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