Housing Options Currently Available
- Wesvalley Housing Partnership
Managed by Franklin Community
Housing Council
Local contact is Julie Karpp, jkarpp@thefchc.com,
518.523.1300
Housing Assistance Resources
Adirondack
Community Housing Trust (ACHT): To learn more about assistance for
purchasing a home, contact:
P.O. Box 157
103 Hand Avenue
Elizabethtown, NY 12932
Phone: 518-573-6888
Fax: 518-873-9102
Email: info@adkhousing.org
Ausable
Valley Habitat for Humanity:
to possible participate in or volunteer for the locally run affiliate of
Habitat for Humanity International, contact:
PO Box 157
103 Hand Ave.
Elizabethtown, NY 12932
Phone: 518-873-9245
Email: ausablevalleyhfh@gmail.com
Housing
Assistance Program of Essex County (HAPEC): To
apply for rent subsidy assistance, home repair, and home buying assistance,
contact:
PO Box 157
103 Hand Avenue
Elizabethtown, NY 12932
Phone: 518-873-3691
Fax: 518-873-9102
Housing Weatherization Assistance
NYS
Homes & Community Renewal Weatherization Assistance Program:
to learn more and apply for assistance in reducing heating and cooling
costs, contact:
Adirondack Community Action Programs Inc.
Weatherization Office: 518-873-3207 or call toll free
1-877-873-2979
E-mail: cwenzel@acapinc.org
Access the Weatherization Assistance Application Packet below
under Documents.
New Housing Developments
In 2020, the Town of North Elba and the Village of Lake Placid
(eg. Lake Placid) completed a Joint
Community Housing Needs Assessment. The study identified critical housing issues facing the Lake Placid community
with a focus on preserving a year-round working population. Results of the
study were published and shared with the community in early 2020.
Since then, the Town and Village have collaborated with several
organization to propose new housing opportunities intended to support a year-round
working population.
The following new developments have been approved by the Planning
Review Board. For questions regarding eligibility contact Haley Breen, Town of North Elba / Village of Lake Placid Development Director, lpinfo@villageoflakeplacid.ny.gov.
-
A
small development of town homes and single-family homes located off of Wesvalley
Road near Sara-Placid Road / Rte 86.
-
A
total of sixteen (16) two-bedroom town homes and six (6) two-story cape cod
homes available for purchase, and intended to support working families.
-
Those
whose incomes are at or less than 200% of AMI are eligible to purchase either a
home or town home.
-
Site preparation is planned for 2021.
-
Short-term rentals prohibited.
-
Access Homestead Development Corporation to learn more. Homestead Development Corporation is now accepting applications for this project.
-
The
Lussi family helped to establish this complex with one- and two-bedroom
apartments on the hill behind the Crown Plaza, off of Wesvalley Road near
Cummins Road.
-
The plan includes sixty
(60) apartments in total: 40 one-bedroom and 20 two-bedroom.
Those
making 50% - 60% of Area Media Income (AMI) are eligible to rent the apartments
for longer terms.
-
It is anticipated that
there would be a minimum charged for each apartment type, that is a minimum for
a one-bedroom and a minimum for a two-bedroom.
A renter would pay either the minimum for the apartment or 30% of the
household’s income. See the AMI table
below for details.
-
Site
preparation is underway and the apartments would be available for rent in early 2023.
-
There will be a public laundry room with washers and dryers. No in-unit washer/dryer hookups will be available.
Rents are as follows:
| 1 Bedroom: |
40% Limit – $441
50% Limit – $573
60% Limit – $705
80% Limit – $813 |
| 2 Bedroom: |
40% Limit – $525
50% Limit – $683
60% Limit – $841
80% Limit – $937 |
Project financing requires the following maximum incomes, which apply by household size and for each rent level.
| 1 Person: |
40% Limit – $21,480
50% Limit – $26,850
60% Limit – $32,220
80% Limit – $42,960 |
| 2 Persons: |
40% Limit – $24,560
50% Limit – $30,700
60% Limit – $36,840
80% Limit – $49,120 |
| 3 Persons: |
40% Limit – $27,640
50% Limit – $34,550
60% Limit – $41,460
80% Limit – $55,280 |
| 4 Persons: |
40% Limit – $30,680
50% Limit – $38,350
60% Limit – $46,020
80% Limit – $61,360 |
Visit the MacKenzie Overlook page on the Regan Development website, here, for more information, to view floor plans, or to apply.
The Peaks
-
This project is being proposed as a phased development. 101 apartments will be available at the end of the first phase.
-
This project includes 265 one-, two- and three-bedroom apartments for rent for a minimum of six (6) months.
-
The apartments will be in thirteen (13) "lodge" buildings and have nine (9) parking garage buildings. The apartment portion of the property will also include a clubhouse.
-
Two hundred twenty eight (228) apartments would be available at rents equal to or less than 30% of the 150% Area Median Income (AMI) for a household of four (4).
-
Thirty seven (37) apartments would be set aside for those whose household income is equal to or less than 120% of the Area Media Income (AMI) for a household of four (4).
-
See the AMI table below for details.
-
Site preparation is underway and the apartments will be available in early 2023 for rent for a minimum of six (6) months.
-
Additionally, ninety (90) condominium units will be available for purchase at market rate.
-
The Peaks will be located on the former W. Alton Jones Cell Science Center property near the Lake Placid Price Chopper on 34 acres and accessible by Barn Road.
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Short-term rentals would not be supported in either the apartments or the condominiums.
-
Contact information will be available at a later date.
Area Median Income
The Housing and Urban Development department of the U.S.
Government has established a way to help communities set income and rent
requirements when providing affordable housing.
This method is known as the Area Median Income (AMI).
The AMI the midpoint of a region's income distribution,
meaning that half of households in a region earn more than the median
and half earn less than the median. A household's income is calculated by
its gross income, which is the total income received before taxes
and other payroll deductions.
For reference the Essex County, New York AMI table is provided
below under “Documents”.
If you have questions about this example or need more help in
determining your eligibility, please send an email to lpinfo@villageoflakeplacid.ny.gov. Please include information on how you can be
reached.
