About This Property
Frandsen Apts consists of 12 units in Spencer, NY, with 8 units designated as low-income housing. The property includes four 1-bedroom and four 2-bedroom units and serves elderly residents. This property participates in the 4% Low-Income Housing Tax Credit program.
Property Details
Fair Market Rent - Tioga 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 | $855 |
| 1 Bedroom | $904 |
| 2 Bedroom | $1,141 |
| 3 Bedroom | $1,494 |
| 4 Bedroom | $1,644 |
Income Limits - Tioga County, NY
Annual income limits by household size used to determine eligibility for affordable housing programs.
- Extremely Low (30%)
- $15,200
- Very Low (50%)
- $25,350
- Low (80%)
- $40,500
- Extremely Low (30%)
- $17,420
- Very Low (50%)
- $28,950
- Low (80%)
- $46,300
- Extremely Low (30%)
- $21,960
- Very Low (50%)
- $32,550
- Low (80%)
- $52,100
- Extremely Low (30%)
- $26,500
- Very Low (50%)
- $36,150
- Low (80%)
- $57,850
- Extremely Low (30%)
- $31,040
- Very Low (50%)
- $39,050
- Low (80%)
- $62,500
- Extremely Low (30%)
- $35,580
- Very Low (50%)
- $41,950
- Low (80%)
- $67,150
- Extremely Low (30%)
- $40,120
- Very Low (50%)
- $44,850
- Low (80%)
- $71,750
- Extremely Low (30%)
- $44,660
- Very Low (50%)
- $47,750
- Low (80%)
- $76,400
| Household | Extremely Low (30%) | Very Low (50%) | Low (80%) |
|---|---|---|---|
| 1 Person | $15,200 | $25,350 | $40,500 |
| 2 Persons | $17,420 | $28,950 | $46,300 |
| 3 Persons | $21,960 | $32,550 | $52,100 |
| 4 Persons | $26,500 | $36,150 | $57,850 |
| 5 Persons | $31,040 | $39,050 | $62,500 |
| 6 Persons | $35,580 | $41,950 | $67,150 |
| 7 Persons | $40,120 | $44,850 | $71,750 |
| 8 Persons | $44,660 | $47,750 | $76,400 |
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Tax Credit Program Details
Frequently Asked Questions
What is the average rent for affordable housing in Spencer, NY?+
The Fair Market Rent (FMR) for Tioga County, NY is: $855 (Studio), $904 (1BR), $1141 (2BR), $1494 (3BR), $1644 (4BR). Actual rent at subsidized properties like Frandsen Apts is typically 30% of household income or less.
What size apartments are available at Frandsen Apts?+
Frandsen Apts offers the following unit types: 4 One-Bedroom, 4 Two-Bedroom units, for a total of 12 units.
Who is eligible to live at Frandsen Apts?+
Frandsen Apts 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 Frandsen Apts?+
Frandsen 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.
What is the price range for apartments in Spencer, NY?+
Based on Fair Market Rent for Tioga County, the estimated price range is: 1-bedroom: $904, 2-bedroom: $1141. Actual rent at Frandsen Apts may be lower for income-eligible households.
Who manages Frandsen Apts?+
Frandsen Apts is managed by . You can reach them at . Visit their website for more information.
What are the income limits for affordable housing in Tioga County, NY?+
For a 4-person household in Tioga County, NY, the income limits are: Extremely Low Income (30% AMI): $26,500, Very Low Income (50% AMI): $36,150, Low Income (80% AMI): $57,850. These limits are set by HUD and updated annually.
Walk Score
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Nearby Schools
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