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LOTTERY RECORDING LINK
LOTTERY LIST LINK
Thank you for your interest in Erie Point Apartments! Review the information below regarding applicable income restrictions, Lottery information and how to apply for a home at our brand new community!
- Selection by Lottery. Applications will be made available starting November 2022. You may obtain an application by giving us a call at 518-874-6111 | TTY: 711, emailing us at [email protected] or clicking here to complete an online application. A paper application can also be downloaded here.
- All paper applications should be returned/mailed to our management office at 2 North Mohawk Street, Cohoes, NY, 12047 or emailed to us at [email protected]. Online applications are preferred.
- We will hold two virtual information sessions for those interested in applying on November 2, 2022 from 6pm - 7pm (click here to attend) and on November 16, 2022 from 6pm – 7pm (click here to attend).
- The deadline to apply for the Lottery will be December 29, 2022 (mailed applications must be postmarked by this date). Applications received after this date will not be included in the Lottery and will be entered on a waitlist based on date/time stamp of application receipt following those ranked Lottery applicants.
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Housing Lottery will be held virtually and recorded on January 10, 2023 at 10:00 AM. You need not be attendance to be provided a Lottery number - a recording will be made available here on the website after the conclusion of the Lottery and all Lottery applicants will be provided a written confirmation of their Lottery number.
- All applicants must be determined eligible in accordance with the Department of HUD regulations and must meet the family size requirements for a designated bedroom size (maximum of 2 persons per bedroom; minimum of 1 person per bedroom preference) as well as maximum income of all family members (please see our website for limits). Your application must also be complete to be eligible for Lottery submission. If your application shows that you are eligible, you will be notified in writing by mail or electronic mail prior to the Lottery date and you will be provided an Application Registration Number (ineligible applicants will also be notified in writing and will be provided the chance to appeal). Only eligible applications will be entered into the Lottery. Your place on the waitlist will be decided by a Lottery.
- PLEASE NOTE THAT YOUR POSITION ON THE WAITLIST MAY NOT BE DICTATED BY YOUR LOTTERY NUMBER SINCE THOSE WITH A PREFERENCE WILL TAKE PRIORITY.
- After the Lottery, the waiting list will remain open until further notice. Applications will be processed in order of receipt from that point forward.
- For more information, language assistance, or reasonable accommodations for persons with disabilities please call 518-874-6111 | TTY: 711 or email [email protected].
- Minimum income standard (non-subsidized homes) is based on gross monthly household income being at least 2.5x the monthly rent. Rent is subject to change at any time.
- Maximum Income is based on the number of persons in the household, as per LIHTC guidelines. See below.
- Rental assistance available for 8 homes. Rents not to exceed 30% of gross household income.
|
Unit Size |
Unit Count |
Initial Rent* |
Rent Restriction |
Accessibility Features |
|
3 Bedroom |
8 units |
30% HH Income |
30% Area Median Income |
1 unit (Mobility) |
|
1 Bedroom |
4 units |
$799.00 |
50% Area Median Income |
NA |
|
2 Bedroom |
5 units |
$969.00 |
50% Area Median Income |
NA |
|
3 Bedroom |
11 units |
$1,117.00 |
50% Area Median Income |
NA |
|
1 Bedroom |
4 units |
$979.00 |
60% Area Median Income |
2 units (Mobility) |
|
2 Bedroom |
1 unit |
$1,184.00 |
60% Area Median Income |
1 unit (Hearing/Vision) |
|
3 Bedroom |
7 units |
$1,365.00 |
60% Area Median Income |
NA |
* Rent and availability are subject to change at any time.
Income Limits - 2022
30% AMI Income Restrictions
|
Number of People in Household |
Maximum Gross Annual Income |
|
1 |
$22,300 |
|
2 |
$25,450 |
|
3 |
$28,650 |
|
4 |
$31,800 |
30% AMI Minimum Gross Annual Income by Bedroom Size: Not applicable as these homes are rent-assisted.
50% AMI Income Restrictions
|
Number of People in Household |
Maximum Gross Annual Income |
|
1 |
$37,100 |
|
2 |
$42,400 |
|
3 |
$47,700 |
|
4 |
$53,000 |
50% AMI Minimum Gross Annual Income by Bedroom Size: 1 Bedroom – Net Rent $799 ($23,970); 2 Bedroom – Net Rent $969 ($29,070); 3 Bedroom - Net Rent $1,117 ($33,510)
60% AMI Income Restrictions
|
Number of People in Household |
Maximum Gross Annual Income |
|
1 |
$44,520 |
|
2 |
$50,880 |
|
3 |
$57,240 |
|
4 |
$63,600 |
60% AMI Minimum Gross Annual Income by Bedroom Size: 1 Bedroom – Net Rent $979 ($29,370); 2 Bedroom – Net Rent $1,184 ($35,520); 3 Bedroom – Net Rent $1,365 ($40,950)