About This Property
Lake Street Senior Apts comprises 21 low-income units in Hammondsport, NY, serving elderly residents with a unit mix of 20 one-bedroom and one two-bedroom apartments. The property has been in service since 2009 and is funded through HOME and 9% LIHTC credits. Non-profit ownership and management oversee the community's operations.
Property Details
Fair Market Rent - Steuben 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 | $743 |
| 1 Bedroom | $759 |
| 2 Bedroom | $905 |
| 3 Bedroom | $1,167 |
| 4 Bedroom | $1,497 |
Income Limits - Steuben County, NY
Annual income limits by household size used to determine eligibility for affordable housing programs.
- Extremely Low (30%)
- $14,850
- Very Low (50%)
- $24,700
- Low (80%)
- $39,500
- Extremely Low (30%)
- $17,420
- Very Low (50%)
- $28,200
- Low (80%)
- $45,150
- Extremely Low (30%)
- $21,960
- Very Low (50%)
- $31,750
- Low (80%)
- $50,800
- Extremely Low (30%)
- $26,500
- Very Low (50%)
- $35,250
- Low (80%)
- $56,400
- Extremely Low (30%)
- $31,040
- Very Low (50%)
- $38,100
- Low (80%)
- $60,950
- Extremely Low (30%)
- $35,580
- Very Low (50%)
- $40,900
- Low (80%)
- $65,450
- Extremely Low (30%)
- $40,120
- Very Low (50%)
- $43,750
- Low (80%)
- $69,950
- Extremely Low (30%)
- $44,660
- Very Low (50%)
- $46,550
- Low (80%)
- $74,450
| Household | Extremely Low (30%) | Very Low (50%) | Low (80%) |
|---|---|---|---|
| 1 Person | $14,850 | $24,700 | $39,500 |
| 2 Persons | $17,420 | $28,200 | $45,150 |
| 3 Persons | $21,960 | $31,750 | $50,800 |
| 4 Persons | $26,500 | $35,250 | $56,400 |
| 5 Persons | $31,040 | $38,100 | $60,950 |
| 6 Persons | $35,580 | $40,900 | $65,450 |
| 7 Persons | $40,120 | $43,750 | $69,950 |
| 8 Persons | $44,660 | $46,550 | $74,450 |
Tax Credit Program Details
Frequently Asked Questions
What is the average rent for affordable housing in Hammondsport, NY?+
The Fair Market Rent (FMR) for Steuben County, NY is: $743 (Studio), $759 (1BR), $905 (2BR), $1167 (3BR), $1497 (4BR). Actual rent at subsidized properties like Lake Street Senior Apts is typically 30% of household income or less.
What size apartments are available at Lake Street Senior Apts?+
Lake Street Senior Apts offers the following unit types: 20 One-Bedroom, 1 Two-Bedroom units, for a total of 21 units.
Who manages Lake Street Senior Apts?+
Lake Street Senior Apts is managed by . You can reach them at . Visit their website for more information.
Who is eligible to live at Lake Street Senior Apts?+
Lake Street Senior Apts primarily serves elderly residents. All applicants must also meet income eligibility requirements for the area. Contact the property for specific eligibility criteria.
What is the price range for apartments in Hammondsport, NY?+
Based on Fair Market Rent for Steuben County, the estimated price range is: 1-bedroom: $759, 2-bedroom: $905. Actual rent at Lake Street Senior Apts may be lower for income-eligible households.
What are the income limits for affordable housing in Steuben County, NY?+
For a 4-person household in Steuben County, NY, the income limits are: Extremely Low Income (30% AMI): $26,500, Very Low Income (50% AMI): $35,250, Low Income (80% AMI): $56,400. These limits are set by HUD and updated annually.
How do I apply for housing at Lake Street Senior Apts?+
Lake Street Senior 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.
Contact Information
Walk Score
Somewhat Walkable
Nearby Schools
Ratings provided by GreatSchools.org. Ratings are on a 1-10 scale.