In 2020, the Town of North Elba and the Village of Lake Placid completed a Joint Community Housing Needs Assessment and a Short Term Rental 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.
Since then, the Town and Village have collaborated with several organization to propose new housing opportunities intended to support a year-round working population.
Housing Assistance Resources
About:
Assistance reducing cost of home purchases for families making up to 120% aera median income.
Contact:
P.O. Box 157
103 Hand Avenue
Elizabethtown, NY 12932
Phone: 518-573-6888
Fax: 518-873-9102
Email: info@adkhousing.org
Website: ADKhousing.org
Assistance reducing cost of home purchases for families making up to 120% aera median income.
Contact:
P.O. Box 157
103 Hand Avenue
Elizabethtown, NY 12932
Phone: 518-573-6888
Fax: 518-873-9102
Email: info@adkhousing.org
Website: ADKhousing.org
About:
Volunteer with Habitat for Humanity to renovate or build affordable homes or partner and apply.
Contact:
Ausable River Habitat for Humanity
PO Box 157
103 Hand Ave.
Elizabethtown, NY 12932
Phone: 518-873-9245
Email: ausablevalleyhfh@gmail.com
Website: avhabitat.org
Volunteer with Habitat for Humanity to renovate or build affordable homes or partner and apply.
Contact:
Ausable River Habitat for Humanity
PO Box 157
103 Hand Ave.
Elizabethtown, NY 12932
Phone: 518-873-9245
Email: ausablevalleyhfh@gmail.com
Website: avhabitat.org
About:
Rental 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
Website: hapec.org
Rental 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
Website: hapec.org
Housing Weatherization Assistance
About:
Assistance in reducing heating and cooling costs.
Contact:
Adirondack Community Action Programs Inc.
Weatherization Office Phone: 518-873-3207 or call toll free 1-877-873-2979
Email: cwenzel@acapinc.org
Weatherization Assistance Application Packet
Assistance in reducing heating and cooling costs.
Contact:
Adirondack Community Action Programs Inc.
Weatherization Office Phone: 518-873-3207 or call toll free 1-877-873-2979
Email: cwenzel@acapinc.org
Weatherization Assistance Application Packet
Housing Options Currently Available
Managed by Franklin Community Housing Council
Contact:
Name: Julie Karpp
Email: jkarpp@thefchc.com
Phone: (518)523-1300
Contact:
Name: Julie Karpp
Email: jkarpp@thefchc.com
Phone: (518)523-1300
Upcoming Housing Developments
- 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.
- Residency requirements and future sales price conditions would be included in the deed.
- Those whose incomes are at or less than 200% of AMI are eligible to purchase either a home or town home.
- Three (3) of the sixteen (16) town homes will be set aside as for families at or less than 80% of Area Median Income (AMI). See the AMI table below for details.
- 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.
Narrative
Rendering
- 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.
| 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 |
Contact: Fern
Phone:(914) 693-6613
Website: regandevelopment.com
- 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.
- Short-term rentals would not be supported in either the apartments or the condominiums.
Contact information will be available at a later date.
Narrative
Site Plan
Area Median Income (AMI) Explained
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.
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.