Low Income Apartments For Rent in Hoosick Falls, NY

Rental assistance programs support 55 low-income homes in Hoosick Falls where households pay rent based on how much they earn. For 2024, elgible households participating in federally assisted housing pay an average of $394 towards rent each month.

Affordable rent data for some communities last confirmed on June 25th, 2024. Subdsidized rents typically change once a year based on federal guidance.

Public Housing Agencies Serving Hoosick Falls, New York

Public Housing Agencies operate federally assisted affordable housing programs at local levels on behalf of HUD. Notably, housing agencies are responsible for managing Section 8 Housing Choice Voucher, Public Housing, and Project-Based Voucher waiting lists within their jurisdiction.

Housing Authority	Programs
Town of Hoosick Housing Authority	Section 8 Housing Choice Voucher (HCV); Public Housing

Go to the New York Public Housing and Low-Income Apartments Waiting Lists page for openings near Hoosick Falls.

Hoosick Falls, New York Affordable Housing Data

Income Based Apartments in Hoosick Falls, New York

Hoosick Falls features 55 income based apartments. Tenants of income based apartments typically pay no more than 30% of their income towards rent and utilities.

Low Rent Apartments in Hoosick Falls, New York

There are 24 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Hoosick Falls.

Housing Choice Vouchers in Hoosick Falls, New York

On average, Section 8 Housing Choice vouchers pay Hoosick Falls landlords $600 per month towards rent. The average voucher holder contributes $400 towards rent in Hoosick Falls.

The maximum amount a voucher would pay on behalf of a low-income tenant in Hoosick Falls, New York for a two-bedroom apartment is between $1,237 and $1,511.

2024 Hoosick Falls, New York Fair Market Rents and Housing Choice Voucher Payment Standards

Fair Market Rents can be used to better understand the average housing costs of an area. Fair Market Rents are used by HUD to establish payment and rent standards for federal rental assistance programs like the Section 8 Housing Choice Voucher Program.

	Studio	One BR	Two BR	Three BR	Four BR
Hoosick Falls, New York Fair Market Rent	$1,011	$1,131	$1,374	$1,661	$1,830
Hoosick Falls, New York Payment Standard Range	$910 to $1,112	$1,018 to $1,244	$1,237 to $1,511	$1,495 to $1,827	$1,647 to $2,013

Sourced from federal housing data and AffordableHousingOnline.com research.

Hoosick Falls, NY Affordable Housing Snapshot

Total Affordable Apartment Properties 6

Total Low Income Apartments 82

Total Housing Units with Rental Assistance 55

Percentage of Housing Units Occupied By Renters 37.92%

Average Renter Household Size 1.88

Average Household Size 2.48

Median Household Income $52,045 ±$13,852

Median Rent $810 ±$108

Percentage Of Renters Overburdened 49.13% ± 17.53pp

Total Population 3,453

Total Affordable Apartment Properties	6
Total Low Income Apartments	82
Total Housing Units with Rental Assistance	55
Percentage of Housing Units Occupied By Renters	37.92%
Average Renter Household Size	1.88
Average Household Size	2.48
Median Household Income	$52,045 ±$13,852
Median Rent	$810 ±$108
Percentage Of Renters Overburdened	49.13% ± 17.53pp
Total Population	3,453

Population and Household Demographics

Hoosick Falls is a city in Rensselaer County, New York with a population of 3,453. There are 1,358 households in the city with an average household size of 2.48 persons. 37.92% of households in Hoosick Falls are renters.

Income and Rent Overburden in Hoosick Falls

The median gross income for households in Hoosick Falls is $52,045 a year, or $4,337 a month. The median rent for the city is $810 a month.

Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Hoosick Falls, a household making less than $2,700 a month would be considered overburdened when renting an apartment at or above the median rent. 49.13% of households who rent are overburdened in Hoosick Falls.

Area Median Income In Hoosick Falls

Affordable housing program eligibility is always determined by one's income. Each household's income is compared to the incomes of all other households in the area. This is accomplished through a statistic established by the government called the Area Median Income, most often referred to as AMI. The AMI is calculated and published each year by HUD.

HUD often uses an area larger than a city to determine the AMI because HUD anticipates those searching for housing will look beyond individual cities during their housing search. For Hoosick Falls, the AMI is calculated from all households within Rensselaer County.

In Hoosick Falls, HUD calculates the Area Median Income for a family of four as $113,300

Most affordable housing programs determine eligibility based on the percent of AMI a given household's income is. Among the programs that determine eligibility based on the AMI are Section 8, HOME, LIHTC, Section 515, 202 and 811.

Rental Assistance in Hoosick Falls

Rental assistance is a type of housing subsidy that pays for a portion of a renter’s monthly housing costs, including rent and tenant paid utilities. This housing assistance can come in the form of Section 8 Housing Choice Vouchers, project-based Section 8 contracts, public housing, USDA Rental Assistance (in Section 515 properties) as well as HUD Section 202 and 811 properties for elderly and disabled households.

Income Qualifications for HUD Rental Assistance in Hoosick Falls

	1 Person	2 Person	3 Person	4 Person	5 Person	6 Person	7 Person	8 Person
30% AMI Income Limits Renters earning up to 30% of the Hoosick Falls AMI may qualify for rental assistance programs that target Extremely Low Income households.	$23,600	$26,950	$30,300	$33,650	$36,350	$40,280	$45,420	$50,560
50% AMI Income Limits Renters earning up to 50% of the Hoosick Falls AMI may qualify for rental assistance programs that target Very Low Income households.	$39,300	$44,900	$50,500	$56,100	$60,600	$65,100	$69,600	$74,100
80% AMI Income Limits Renters earning up to 80% of the Hoosick Falls AMI may qualify for rental assistance programs that target Low Income households.	$62,850	$71,800	$80,800	$89,750	$96,950	$104,150	$111,300	$118,500