Towpath Apartments
200 Canal Street, Palmyra, New York 14522
Contact Towpath Apartments
Towpath Apartments is managed by Conifer Realty, LLC.
Towpath Manor Apartments, located in the town of Palmyra near the Erie canal, is a quiet community for seniors, age 62 and over or handicap and disable at any age. Close to banks, post office and grocery store. On-site laundry facility and management office. Please contact site manager for more details.
| Unit (Bd/Ba) | Ft2 | Rent |
|---|---|---|
| One Bedroom (1/1) | 600 | Call for Price |
Eligibility for Towpath Apartments
Generally, households earning up to the income limit in the table below for their household size are eligible for units participating in a HUD rental assistance program in Palmyra but actual income limits may differ for units at Towpath Apartments.
| AMI Band | 1 Person | 2 Person | 3 Person | 4 Person | 5 Person | 6 Person | 7 Person | 8 Person |
|---|---|---|---|---|---|---|---|---|
| 30% | $19,950 | $22,800 | $25,650 | $30,000 | $35,140 | $40,280 | $45,420 | $50,560 |
| 50% | $33,250 | $38,000 | $42,750 | $47,500 | $51,300 | $55,100 | $58,900 | $62,700 |
| 80% | $53,200 | $60,800 | $68,400 | $75,950 | $82,050 | $88,150 | $94,200 | $100,300 |
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 Palmyra but actual income limits may differ for units at Towpath Apartments.
| AMI Band | 1 Person | 2 Person | 3 Person | 4 Person | 5 Person | 6 Person | 7 Person | 8 Person |
|---|---|---|---|---|---|---|---|---|
| Very Low Income (50%) | $33,250 | $38,000 | $42,750 | $47,500 | $51,300 | $55,100 | $58,900 | $62,700 |
| Low Income (60%) | $39,900 | $45,600 | $51,300 | $57,000 | $61,560 | $66,120 | $70,680 | $75,240 |
Towpath Apartments Details
- 65 one bedroom units.
- Section 8 Project-Based Rental Assistance (PBRA)
- Low-Income Housing Tax Credit (LIHTC)
Property Amenities
- Elevator
- Community Room
- Organized Activities
- Laundry Room
- 24hr Emergency Maintenance
- Off-Street Parking
- Rural Area
Unit Amenities
- Cable Ready
Nearby Amenities
- Close to Public Transportation
Section 8 Project-Based Rental Assistance (PBRA)
Since this property has a Project-Based Section 8 contract with HUD, some or all of the rents at this community are based on tenant incomes. Tenants leasing units participating in the Section 8 Project-Based Rental Assistance program typically contribute less than 30% of their adjusted income towards rental costs.
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.
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