Affordable Housing In Foster City
San Mateo County,
3 Low Income Apartment Communities In Foster City
Housing Authorities that serve Foster City
|Housing Authority of the County of San Mateo||Section 8 Housing Choice Voucher (HCV); Moving to Work|
Guide To Affordable Housing in Foster City, California
There are 3 low income housing apartment communities offering 285 affordable apartments for rent in Foster City, California.
Income Based Apartments in Foster City, California
Foster City 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 Foster City, California
There are 285 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Foster City.
Housing Choice Vouchers in Foster City, California
On average, Section 8 Housing Choice vouchers pay Foster City landlords $1,500 per month towards rent. The average voucher holder contributes $300 towards rent in Foster City.
The maximum amount a voucher would pay on behalf of a low-income tenant in Foster City, California for a two-bedroom apartment is between $3,005 and $3,673.
2020 Foster City, 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||$2,197||$2,720||$3,339||$4,365||$4,657|
|Payment Standard Range||$1,977 to $2,417||$2,448 to $2,992||$3,005 to $3,673||$3,929 to $4,802||$4,191 to $5,123|
Sourced from federal housing data and AffordableHousingOnline.com research.
Foster City, CA Affordable Housing Snapshot
|Total Affordable Apartment Properties||3|
|Total Low Income Apartments||285|
|Total Housing Units with Rental Assistance||0|
|Percentage of Housing Units Occupied By Renters||41.47%|
|Average Renter Household Size||2.47|
|Average Household Size||2.60|
|Median Household Income||$123,039 ±$5,852|
|Median Rent||$2,356 ±$77|
|Percentage Of Renters Overburdened||34.83% ± 4.93pp|
Population and Household Demographics
Foster City is a City in San Mateo County, California with a population of 32,377. There are 12,377 households in the city with an average household size of 2.60 persons. 41.47% of households in Foster City are renters.
Income and Rent Overburden in Foster City
The median gross income for households in Foster City is $123,039 a year, or $10,253 a month. The median rent for the city is $2,356 a month.
Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Foster City, a household making less than $7,853 a month would be considered overburdened when renting an apartment at or above the median rent. 34.83% of households who rent are overburdened in Foster City.1
Area Median Income In Foster City
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 Foster City, the AMI is calculated from all households within San Mateo County.
In Foster City, HUD calculates the Area Median Income for a family of four as $136,800
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 Foster City
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 Foster City
|Income||1 Person||2 Person||3 Person||4 Person||5 Person||6 Person||7 Person||8 Person|
|30% of Median||$33,850||$38,700||$43,550||$48,350||$52,250||$56,100||$60,000||$63,850|
|50% of Median||$56,450||$64,500||$72,550||$80,600||$87,050||$93,500||$99,950||$106,400|
|80% of Median||$90,450||$103,350||$116,250||$129,150||$139,500||$149,850||$160,150||$170,500|