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.
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.
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.
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 .
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.
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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