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Idaho Housing And Finance Association provides affordable housing for up to 3,708 low and moderate income households through its Section 8 Housing Choice Voucher (HCV) program..
Low-income housing managed by Idaho Housing And Finance Association is located in Idaho
Households with a Section 8 Housing Choice Voucher managed by this housing authority must rent within its jurisdiction.
As of the HUDs most recent Voucher Management System report, Idaho Housing And Finance Association manages 3,108 active Housing Choice Vouchers.
The following table summarizes types of vouchers managed and the monthly costs of each as of December 31st, 2021:
|Standard||Homeownership||Tenant Protection||Ported Out||VASH||Non-Elderly Disabled|
|Monthly Cost Per Voucher||$470||$614||$344||$1,445||$441||$496|
According to the 2016 Q4 Picture of Subsidized Households database, the housing authority's voucher program has an annual turnover of 16% having issued approximately 209 vouchers in the past year. The average voucher holder has received housing benefits for 6 years and 2 months. According to the 2016 PSH database, persons who were issued a voucher in the preceding 12 months waited an average of 22 months on the waiting list1.
According to 2016 Q4 Picture of Subsidized Households data, the average voucher household contains 2.2 persons and has a household income of $12,781 per year. 95% of households were very low income (VLI) and 65% were extremely low income (ELI). 22% of households had wages as a major source of income, 0% of households had welfare (TANF, General Assistance or Public Assistance) as their primary source of income, and 75% of households had other income (Social Security, Disability or Pension) as their major source of income.
3% of households were headed by a person 24 years old or less, 49% were headed by a person 25 to 49 years old, 22% were headed by a person 51 to 60 years old, and 26% were headed by a person 62 years old or older. In addition, 1% of households were headed by a person 85 years old or older.
41% of households included children, 10% of which had two adults in the household. 35% of households with children have a female head of household. 75% of all households were headed by a female.
12% of all voucher households were headed by minorities with 2% of all heads of households being Black and -1% being Hispanic.
Of all households participating in the Idaho Housing And Finance Association Housing Choice Voucher program, 33% include at least one person with a disability. 59% of households with a head of household 61 years or less were headed by a person with a disability. 69% of households headed by someone 62 or older were headed by a person with a disability.
29% of voucher holders reside in a home with zero or 1 bedroom, 42% with 2 bedrooms and 28% with 3 or more bedrooms. 29% of voucher recipients are considered overhoused, meaning they occupy a rental unit larger than their family size requires.
The average monthly tenant contribution to rent by Idaho Housing And Finance Association voucher holders in 2016 was $325 and the average monthly HUD expenditure per voucher holder was $562. The average utility allowance across all voucher recipients is $98.
1. This Picture of Subsidized Households data field is the average wait time of those who received a voucher in the preceding 12 months. Due to special voucher programs like VASH, recent waiting list purges, or waiting list preferences the average wait time can vary significantly from one year to the next and it is entirely possible many current applicants on the waiting list have been waiting for assistance for far longer.