About This Property
Meadowside Apts comprises 40 low-income units in Penn Yan, NY, consisting of twenty 1-bedroom and twenty 2-bedroom apartments. The property has been in service since 2002 and is financed through 9% Low-Income Housing Tax Credits. The community serves families seeking affordable rental housing in Yates County.
Property Details
Fair Market Rent - Yates 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 | $723 |
| 1 Bedroom | $811 |
| 2 Bedroom | $1,066 |
| 3 Bedroom | $1,356 |
| 4 Bedroom | $1,527 |
Income Limits - Yates County, NY
Annual income limits by household size used to determine eligibility for affordable housing programs.
- Extremely Low (30%)
- $15,550
- Very Low (50%)
- $25,850
- Low (80%)
- $41,350
- Extremely Low (30%)
- $17,750
- Very Low (50%)
- $29,550
- Low (80%)
- $47,250
- Extremely Low (30%)
- $21,960
- Very Low (50%)
- $33,250
- Low (80%)
- $53,150
- Extremely Low (30%)
- $26,500
- Very Low (50%)
- $36,900
- Low (80%)
- $59,050
- Extremely Low (30%)
- $31,040
- Very Low (50%)
- $39,900
- Low (80%)
- $63,800
- Extremely Low (30%)
- $35,580
- Very Low (50%)
- $42,850
- Low (80%)
- $68,500
- Extremely Low (30%)
- $40,120
- Very Low (50%)
- $45,800
- Low (80%)
- $73,250
- Extremely Low (30%)
- $44,660
- Very Low (50%)
- $48,750
- Low (80%)
- $77,950
| Household | Extremely Low (30%) | Very Low (50%) | Low (80%) |
|---|---|---|---|
| 1 Person | $15,550 | $25,850 | $41,350 |
| 2 Persons | $17,750 | $29,550 | $47,250 |
| 3 Persons | $21,960 | $33,250 | $53,150 |
| 4 Persons | $26,500 | $36,900 | $59,050 |
| 5 Persons | $31,040 | $39,900 | $63,800 |
| 6 Persons | $35,580 | $42,850 | $68,500 |
| 7 Persons | $40,120 | $45,800 | $73,250 |
| 8 Persons | $44,660 | $48,750 | $77,950 |
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Tax Credit Program Details
Frequently Asked Questions
What is the average rent for affordable housing in Penn Yan, NY?+
The Fair Market Rent (FMR) for Yates County, NY is: $723 (Studio), $811 (1BR), $1066 (2BR), $1356 (3BR), $1527 (4BR). Actual rent at subsidized properties like Meadowside Apts is typically 30% of household income or less.
What size apartments are available at Meadowside Apts?+
Meadowside Apts offers the following unit types: 20 One-Bedroom, 20 Two-Bedroom units, for a total of 40 units.
Who is eligible to live at Meadowside Apts?+
Meadowside Apts primarily serves families. 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 Yates County, NY?+
For a 4-person household in Yates County, NY, the income limits are: Extremely Low Income (30% AMI): $26,500, Very Low Income (50% AMI): $36,900, Low Income (80% AMI): $59,050. These limits are set by HUD and updated annually.
How do I apply for housing at Meadowside Apts?+
Meadowside 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 Penn Yan, NY?+
Based on Fair Market Rent for Yates County, the estimated price range is: 1-bedroom: $811, 2-bedroom: $1066. Actual rent at Meadowside Apts may be lower for income-eligible households.
Who manages Meadowside Apts?+
Meadowside Apts is managed by . You can reach them at . Visit their website for more information.
Walk Score
Almost All Errands Require a Car
Nearby Schools
Ratings provided by GreatSchools.org. Ratings are on a 1-10 scale.
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