Affordable Housing In Cold Springs
El Dorado County, California

Housing Authorities that serve Cold Springs

Housing Authority Programs
El Dorado County Public Housing Authority Section 8 Housing Choice Voucher (HCV)

Guide To Affordable Housing in Cold Springs, California

There are 0 low income housing apartment communities offering 0 affordable apartments for rent in Cold Springs, California.

Income Based Apartments in Cold Springs, California

Cold Springs 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 Cold Springs, California

There are 0 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Cold Springs.

Housing Choice Vouchers in Cold Springs, California

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

The maximum amount a voucher would pay on behalf of a low-income tenant in Cold Springs, California for a two-bedroom apartment is between $1,214 and $1,484.

2020 Cold Springs, California 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
Fair Market Rent $952 $1,072 $1,349 $1,946 $2,368
Payment Standard Range $857 to $1,047 $965 to $1,179 $1,214 to $1,484 $1,751 to $2,141 $2,131 to $2,605

Sourced from federal housing data and AffordableHousingOnline.com research.

Cold Springs, CA Affordable Housing Snapshot

Total Affordable Apartment Properties 0
Total Low Income Apartments 0
Total Housing Units with Rental Assistance 0
Percentage of Housing Units Occupied By Renters 15.53%
Average Renter Household Size 5.06
Average Household Size 2.78
Median Household Income $49,886 ±$30,872
Median Rent $540 ±$190
Percentage Of Renters Overburdened 84.38% ± 65.68pp
Total Population 573

Population and Household Demographics

Cold Springs is a City in El Dorado County, California with a population of 573. There are 206 households in the city with an average household size of 2.78 persons. 15.53% of households in Cold Springs are renters.

Income and Rent Overburden in Cold Springs

The median gross income for households in Cold Springs is $49,886 a year, or $4,157 a month. The median rent for the city is $540 a month.

Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Cold Springs, a household making less than $1,800 a month would be considered overburdened when renting an apartment at or above the median rent. 84.38% of households who rent are overburdened in Cold Springs.1

Area Median Income In Cold Springs

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 Cold Springs, the AMI is calculated from all households within El Dorado County.

In Cold Springs, HUD calculates the Area Median Income for a family of four as $83,600

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 Cold Springs

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 Cold Springs HUD Rental Assistance in Cold Springs

Income 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
30% of Median $17,600 $20,100 $22,600 $25,750 $30,170 $34,590 $39,010 $43,430
50% of Median $29,300 $33,450 $37,650 $41,800 $45,150 $48,500 $51,850 $55,200
80% of Median $46,850 $53,550 $60,250 $66,900 $72,300 $77,650 $83,000 $88,350