About This Property
First Apts Olean contains 16 low-income units in Olean, NY and has served residents since 2002. The property includes one studio, twelve one-bedroom, and three two-bedroom apartments, with units available for disabled residents. The property is financed through 9% Low-Income Housing Tax Credits and is managed by .
Waitlist Information
Waitlist managed by Olean Housing Authority
Apartment assignments are based on availability. Applications require an original signature and a hard copy submission. The application process can take up to 6 weeks. Approved applications are added to a waiting list, which is updated periodically.
No active waitlist information currently available for Section 8 Housing Choice Vouchers managed by Olean Housing Authority.
Waitlist data provided by section8waitlist.org
Updated May 8, 2026
Property Details
Fair Market Rent - Cattaraugus 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 | $705 |
| 1 Bedroom | $709 |
| 2 Bedroom | $905 |
| 3 Bedroom | $1,138 |
| 4 Bedroom | $1,291 |
Income Limits - Cattaraugus County, NY
Annual income limits by household size used to determine eligibility for affordable housing programs.
- Extremely Low (30%)
- $14,600
- Very Low (50%)
- $24,300
- Low (80%)
- $38,850
- Extremely Low (30%)
- $17,420
- Very Low (50%)
- $27,800
- Low (80%)
- $44,400
- Extremely Low (30%)
- $21,960
- Very Low (50%)
- $31,250
- Low (80%)
- $49,950
- Extremely Low (30%)
- $26,500
- Very Low (50%)
- $34,700
- Low (80%)
- $55,500
- Extremely Low (30%)
- $31,040
- Very Low (50%)
- $37,500
- Low (80%)
- $59,950
- Extremely Low (30%)
- $35,580
- Very Low (50%)
- $40,300
- Low (80%)
- $64,400
- Extremely Low (30%)
- $40,120
- Very Low (50%)
- $43,050
- Low (80%)
- $68,850
- Extremely Low (30%)
- $44,660
- Very Low (50%)
- $45,850
- Low (80%)
- $73,300
| Household | Extremely Low (30%) | Very Low (50%) | Low (80%) |
|---|---|---|---|
| 1 Person | $14,600 | $24,300 | $38,850 |
| 2 Persons | $17,420 | $27,800 | $44,400 |
| 3 Persons | $21,960 | $31,250 | $49,950 |
| 4 Persons | $26,500 | $34,700 | $55,500 |
| 5 Persons | $31,040 | $37,500 | $59,950 |
| 6 Persons | $35,580 | $40,300 | $64,400 |
| 7 Persons | $40,120 | $43,050 | $68,850 |
| 8 Persons | $44,660 | $45,850 | $73,300 |
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Tax Credit Program Details
Frequently Asked Questions
What is the average rent for affordable housing in Olean, NY?+
The Fair Market Rent (FMR) for Cattaraugus County, NY is: $705 (Studio), $709 (1BR), $905 (2BR), $1138 (3BR), $1291 (4BR). Actual rent at subsidized properties like First Apts Olean is typically 30% of household income or less.
What size apartments are available at First Apts Olean?+
First Apts Olean offers the following unit types: 1 Studio, 12 One-Bedroom, 3 Two-Bedroom units, for a total of 16 units.
Who is eligible to live at First Apts Olean?+
First Apts Olean primarily serves persons with disabilities, UNSPECIFIED. 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 Olean, NY?+
Based on Fair Market Rent for Cattaraugus County, the estimated price range is: 1-bedroom: $709, 2-bedroom: $905. Actual rent at First Apts Olean may be lower for income-eligible households.
What are the income limits for affordable housing in Cattaraugus County, NY?+
For a 4-person household in Cattaraugus County, NY, the income limits are: Extremely Low Income (30% AMI): $26,500, Very Low Income (50% AMI): $34,700, Low Income (80% AMI): $55,500. These limits are set by HUD and updated annually.
How do I apply for housing at First Apts Olean?+
First Apts Olean 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 manages First Apts Olean?+
First Apts Olean is managed by . You can reach them at . Visit their website for more information.
Is there a waitlist for First Apts Olean?+
Public Housing waitlist is currently Open. Section 8 (HCV) waitlist is currently Closed. Waitlist status can change frequently, so check back regularly or contact the housing authority directly for the most up-to-date information.
Contact Information
Walk Score
Very Walkable
Nearby Schools
Ratings provided by GreatSchools.org. Ratings are on a 1-10 scale.
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