About This Property
Fairhaven Apts offers 24 low-income units in Sterling, NY, serving elderly residents. The property includes 22 one-bedroom and two two-bedroom apartments and is financed through 4% Low-Income Housing Tax Credits. The community is managed for affordability and accessibility.
Property Details
Fair Market Rent - Cayuga 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 | $728 |
| 1 Bedroom | $733 |
| 2 Bedroom | $958 |
| 3 Bedroom | $1,210 |
| 4 Bedroom | $1,409 |
Income Limits - Cayuga County, NY
Annual income limits by household size used to determine eligibility for affordable housing programs.
- Extremely Low (30%)
- $15,700
- Very Low (50%)
- $26,150
- Low (80%)
- $41,800
- Extremely Low (30%)
- $17,950
- Very Low (50%)
- $29,850
- Low (80%)
- $47,800
- Extremely Low (30%)
- $21,960
- Very Low (50%)
- $33,600
- Low (80%)
- $53,750
- Extremely Low (30%)
- $26,500
- Very Low (50%)
- $37,300
- Low (80%)
- $59,700
- Extremely Low (30%)
- $31,040
- Very Low (50%)
- $40,300
- Low (80%)
- $64,500
- Extremely Low (30%)
- $35,580
- Very Low (50%)
- $43,300
- Low (80%)
- $69,300
- Extremely Low (30%)
- $40,120
- Very Low (50%)
- $46,300
- Low (80%)
- $74,050
- Extremely Low (30%)
- $44,660
- Very Low (50%)
- $49,250
- Low (80%)
- $78,850
| Household | Extremely Low (30%) | Very Low (50%) | Low (80%) |
|---|---|---|---|
| 1 Person | $15,700 | $26,150 | $41,800 |
| 2 Persons | $17,950 | $29,850 | $47,800 |
| 3 Persons | $21,960 | $33,600 | $53,750 |
| 4 Persons | $26,500 | $37,300 | $59,700 |
| 5 Persons | $31,040 | $40,300 | $64,500 |
| 6 Persons | $35,580 | $43,300 | $69,300 |
| 7 Persons | $40,120 | $46,300 | $74,050 |
| 8 Persons | $44,660 | $49,250 | $78,850 |
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Tax Credit Program Details
Frequently Asked Questions
What is the average rent for affordable housing in Sterling, NY?+
The Fair Market Rent (FMR) for Cayuga County, NY is: $728 (Studio), $733 (1BR), $958 (2BR), $1210 (3BR), $1409 (4BR). Actual rent at subsidized properties like Fairhaven Apts is typically 30% of household income or less.
What size apartments are available at Fairhaven Apts?+
Fairhaven Apts offers the following unit types: 22 One-Bedroom, 2 Two-Bedroom units, for a total of 24 units.
What is the price range for apartments in Sterling, NY?+
Based on Fair Market Rent for Cayuga County, the estimated price range is: 1-bedroom: $733, 2-bedroom: $958. Actual rent at Fairhaven Apts may be lower for income-eligible households.
What are the income limits for affordable housing in Cayuga County, NY?+
For a 4-person household in Cayuga County, NY, the income limits are: Extremely Low Income (30% AMI): $26,500, Very Low Income (50% AMI): $37,300, Low Income (80% AMI): $59,700. These limits are set by HUD and updated annually.
How do I apply for housing at Fairhaven Apts?+
Fairhaven 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.
Who manages Fairhaven Apts?+
Fairhaven Apts is managed by . You can reach them at . Visit their website for more information.
Who is eligible to live at Fairhaven Apts?+
Fairhaven Apts primarily serves elderly residents. All applicants must also meet income eligibility requirements for the area. Contact the property for specific eligibility criteria.
Contact Information
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