Affordable Housing In Peridot
Gila County, Arizona

3 Low Income Apartment Communities In Peridot

San Carlos Homes IV

PO Box 740
Peridot, Arizona

Hollywood Ridge I

1 Hollywood Dr
Peridot, Arizona

Hollywood Ridge II

32 Mt Triplet
Peridot, Arizona
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Section 8 Vouchers, Apartments, and Waiting Lists in Peridot, Arizona

Public Housing Agencies operate federally assisted affordable housing programs at local levels on behalf of HUD. Notably, housing agencies are responsible for managing Section 8 Housing Choice Voucher, Public Housing, and Project-Based Voucher waiting lists within their jurisdiction.

Households who qualify for these programs may also qualify for Project-Based Section 8, which contributes rental assistance payments directly to private landlords on behalf of low-income tenants. Eligibility for the project-based program is similar to the voucher programs, but waiting list and application policies will vary depending on the landlord.

Public Housing Agencies Serving Peridot, Arizona

Housing Authority Programs
Gila County Housing Authority Section 8 Housing Choice Voucher (HCV)

Guide To Affordable Housing in Peridot, Arizona

There are 3 low income housing apartment communities offering 130 affordable apartments for rent in Peridot, Arizona.

Income Based Apartments in Peridot, Arizona

Peridot features 0 income based apartments. Tenants of income based apartments typically pay no more than 30% of their income towards rent and utilities.

Low Rent Apartments in Peridot, Arizona

There are 130 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Peridot.

Housing Choice Vouchers in Peridot, Arizona

On average, Section 8 Housing Choice vouchers pay Peridot landlords $0 per month towards rent. The average voucher holder contributes $0 towards rent in Peridot.

The maximum amount a voucher would pay on behalf of a low-income tenant in Peridot, Arizona for a two-bedroom apartment is between $930 and $1,136.

2022 Peridot, Arizona Fair Market Rents and Housing Choice Voucher Payment Standards

Fair Market Rents can be used to better understand the average housing costs of an area. Fair Market Rents are used by HUD to establish payment and rent standards for federal rental assistance programs like the Section 8 Housing Choice Voucher Program.

Studio One BR Two BR Three BR Four BR
Peridot, Arizona Fair Market Rent $780 $785 $1,033 $1,416 $1,421
Peridot, Arizona Payment Standard Range $702 to $858 $707 to $864 $930 to $1,136 $1,274 to $1,558 $1,279 to $1,563

Sourced from federal housing data and AffordableHousingOnline.com research.

Peridot, AZ Affordable Housing Snapshot

Total Affordable Apartment Properties 3
Total Low Income Apartments 130
Total Housing Units with Rental Assistance 0
Percentage of Housing Units Occupied By Renters 28.31%
Average Renter Household Size 3.72
Average Household Size 5.08
Median Household Income $40,500 ±$18,550
Median Rent $0 ±$0
Percentage Of Renters Overburdened 0% ± 25.53pp
Total Population 1,687

Population and Household Demographics

Peridot is a city in Gila County, Arizona with a population of 1,687. There are 332 households in the city with an average household size of 5.08 persons. 28.31% of households in Peridot are renters.

Income and Rent Overburden in Peridot

The median gross income for households in Peridot is $40,500 a year, or $3,375 a month. The median rent for the city is $0 a month.

Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Peridot, a household making less than $0 a month would be considered overburdened when renting an apartment at or above the median rent. 0% of households who rent are overburdened in Peridot.

Area Median Income In Peridot

Affordable housing program eligibility is always determined by one's income. Each household's income is compared to the incomes of all other households in the area. This is accomplished through a statistic established by the government called the Area Median Income, most often referred to as AMI. The AMI is calculated and published each year by HUD.

HUD often uses an area larger than a city to determine the AMI because HUD anticipates those searching for housing will look beyond individual cities during their housing search. For Peridot, the AMI is calculated from all households within Gila County.

In Peridot, HUD calculates the Area Median Income for a family of four as $52,200

Most affordable housing programs determine eligibility based on the percent of AMI a given household's income is. Among the programs that determine eligibility based on the AMI are Section 8, HOME, LIHTC, Section 515, 202 and 811.

Rental Assistance in Peridot

Rental assistance is a type of housing subsidy that pays for a portion of a renter’s monthly housing costs, including rent and tenant paid utilities. This housing assistance can come in the form of Section 8 Housing Choice Vouchers, project-based Section 8 contracts, public housing, USDA Rental Assistance (in Section 515 properties) as well as HUD Section 202 and 811 properties for elderly and disabled households.

Income Qualifications for HUD Rental Assistance in Peridot

1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
30% AMI Income Limits
Renters earning up to 30% of the Peridot AMI may qualify for rental assistance programs that target Extremely Low Income households.
$12,880 $17,420 $21,960 $26,500 $30,200 $32,450 $34,700 $36,900
50% AMI Income Limits
Renters earning up to 50% of the Peridot AMI may qualify for rental assistance programs that target Very Low Income households.
$19,600 $22,400 $25,200 $27,950 $30,200 $32,450 $34,700 $36,900
80% AMI Income Limits
Renters earning up to 80% of the Peridot AMI may qualify for rental assistance programs that target Low Income households.
$31,300 $35,800 $40,250 $44,700 $48,300 $51,900 $55,450 $59,050