Folwell Senior Apartments is managed by People Incorporated.
Folwell Senior Apartments offer affordable 1-bedroo and 2-bedroom apartment homes for adults aged 62 and over with seven (7) units reserved for frail elderly/homeless. Each unit features central air and a fully equipped kitchen that includes a stove, refrigerator, and dishwasher. Property amenities include a community room, on-site laundry facilities, and beautiful landscaping and seating areas around the building. Folwell Apartments are located on a major bus route and nearby many restaurant and shopping options.
Unit (Bd/Ba) | Ft2 | Rent |
---|---|---|
One Bedroom (1/1) | - | From $600 To $695 |
Two Bedroom (2/1) | - | From $695 To $795 |
Generally, households earning up to the income limit in the table below for their household size are eligible for units participating in the Low-Income Housing Tax Credit program in Buffalo but actual income limits may differ for units at Folwell Senior Apartments.
AMI Band | 1 Person | 2 Person |
---|---|---|
Very Low Income (50%) | $32,500 | $37,150 |
Low Income (60%) | $39,000 | $44,580 |
Since this property has received funding in part through the Low Income Housing Tax Credit (LIHTC) program, a certain number of units are set aside for lower income households. Households must earn either less than 50% or 60% of the area median income (depending on the set-aside option chosen by the property owner) to qualify for these units. Rents in these units are capped at a maximum of 30% of the set-aside area median income (adjusted for unit size). Some rental units in this property may not be subject to LIHTC and therefore have higher rents and no maximum household income requirement.