About This Property
Spencer Elderly Housing offers 12 one-bedroom units in Spencer, NY designed to serve elderly residents with low incomes. The property receives 4% Low-Income Housing Tax Credit funding and has been in service since 1988. All 12 units are designated as affordable housing for eligible tenants.
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 |
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 Spencer Elderly Housing is typically 30% of household income or less.
What size apartments are available at Spencer Elderly Housing?+
Spencer Elderly Housing offers the following unit types: 12 One-Bedroom units, for a total of 12 units.
How do I apply for housing at Spencer Elderly Housing?+
Spencer Elderly 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 Spencer Elderly Housing?+
Spencer Elderly Housing primarily serves elderly residents. 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 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.
Who manages Spencer Elderly Housing?+
Spencer Elderly Housing is managed by . You can reach them at . Visit their website for more information.
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. Actual rent at Spencer Elderly Housing may be lower for income-eligible households.
Walk Score
Car-Dependent
Nearby Schools
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