About This Property
Walnut Hill Apts comprises 180 one-bedroom units in Penn Yan, NY, with 179 designated as low-income housing. The property, which has been in service since 2003, serves elderly residents and is funded through tax-exempt bonds with 4% LIHTC credits. The community operates under affordable housing restrictions to provide rental options for low-income households.
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 Walnut Hill Apts is typically 30% of household income or less.
What size apartments are available at Walnut Hill Apts?+
Walnut Hill Apts offers the following unit types: 180 One-Bedroom units, for a total of 180 units.
How do I apply for housing at Walnut Hill Apts?+
Walnut Hill Apts is a Low-Income Housing Tax Credit (LIHTC) property. To apply, you can start by calling , 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 manages Walnut Hill Apts?+
Walnut Hill Apts is managed by . You can reach them at .
Who is eligible to live at Walnut Hill Apts?+
Walnut Hill 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 Penn Yan, NY?+
Based on Fair Market Rent for Yates County, the estimated price range is: 1-bedroom: $811. Actual rent at Walnut Hill Apts may be lower for income-eligible households.
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.
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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