Founders Way offer a variety of affordable floor plans ranging from studio to 4-bedroom. Each unit features energy-efficient appliances, central heat/air, and trash,water, lawn care & snow removal included in the rent. Property amenities include a community room, on-site laundry facilities, and 24-hour emergency maintenance. The community is located in the heart of Ithaca, four blocks from restaurants, shopping, and employment opportunities on the Ithaca Commons, and immediately adjacent to Beverly J. Martin Elementary School. There are two public bus stops within 3 blocks of the site that provide access to grocery stores, pharmacies, home goods and Cornell University.
| Unit (Bd/Ba) | Ft2 | Rent |
|---|---|---|
| Studio (Studio/1) | - | Call for Price |
| 1 Bedroom (1/1) | - | Call for Price |
| 2 Bedroom (2/1) | - | Call for Price |
| 3 Bedroom (3/1) | - | Call for Price |
Eligibility for Founders Way
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 Ithaca but actual income limits may differ for units at Founders Way.
| AMI Band | 1 Person | 2 Person | 3 Person | 4 Person | 5 Person | 6 Person |
|---|---|---|---|---|---|---|
| Very Low Income (50%) | $37,150 | $42,450 | $47,750 | $53,050 | $57,300 | $61,550 |
| Low Income (60%) | $44,580 | $50,940 | $57,300 | $63,660 | $68,760 | $73,860 |
Founders Way Details
- 75 studio, one, two and three bedroom units.
- Low-Income Housing Tax Credit (LIHTC)
Property Amenities
- Community Room
- 24hr Emergency Maintenance
- Snow Removal
- Lawn Care
- Smoke Free
- On-Site Laundry
Unit Amenities
- Trash Included
- Water Included
- Energy Efficient Appliances
Nearby Amenities
- Near Shopping
- Near Bus Line
- Near Restaurants
Low-Income Housing Tax Credit (LIHTC)
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.
Images of Founders Way
Nearby Low Income Apartment Communities like Founders Way
© 2002-2024 ApartmentSmart.com, Inc.
Affordable Housing Online is not affiliated with any housing authority or apartment community, and does not manage any affordable housing programs.