Lockport Canal Homes

88 Pine St, Lockport, New York 14094

Lockport Canal Homes started when a local group of concerned citizens in the Genesee Street neighborhood sought out the assistance of Housing Visions to help revitalize their community. Together, we identified and removed symbols of neighborhood blight, by demolishing or rehabilitating 9 abandoned and neglected buildings.

 

managed by HousingVisions

Eligibility for Lockport Canal Homes

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 Lockport but actual income limits may differ for units at Lockport Canal Homes.

AMI Band 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
Very Low Income (50%) $32,500 $37,150 $41,800 $46,400 $50,150 $53,850 $57,550 $61,250
Low Income (60%) $39,000 $44,580 $50,160 $55,680 $60,180 $64,620 $69,060 $73,500

Lockport Canal Homes Details

  • 30 bedroom units.
  • Scattered Sites
  • Low-Income Housing Tax Credit (LIHTC)
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 Lockport Canal Homes
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