Affordable Housing In Grand Terrace
San Bernardino County,
1 Low Income Apartment Communities In Grand Terrace
Housing Authorities that serve Grand Terrace
|Housing Authority of the County of San Bernardino||Section 8 Housing Choice Voucher (HCV); Public Housing; Moving to Work|
Guide To Affordable Housing in Grand Terrace, California
There are 1 low income housing apartment communities offering 120 affordable apartments for rent in Grand Terrace, California.
Income Based Apartments in Grand Terrace, California
Grand Terrace 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 Grand Terrace, California
There are 120 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Grand Terrace.
Housing Choice Vouchers in Grand Terrace, California
On average, Section 8 Housing Choice vouchers pay Grand Terrace landlords $800 per month towards rent. The average voucher holder contributes $400 towards rent in Grand Terrace.
The maximum amount a voucher would pay on behalf of a low-income tenant in Grand Terrace, California for a two-bedroom apartment is between $1,251 and $1,529.
2021 Grand Terrace, 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|
|Grand Terrace, California Fair Market Rent||$955||$1,106||$1,390||$1,917||$2,369|
|Grand Terrace, California Payment Standard Range||$860 to $1,051||$995 to $1,217||$1,251 to $1,529||$1,725 to $2,109||$2,132 to $2,606|
Sourced from federal housing data and AffordableHousingOnline.com research.
Grand Terrace, CA Affordable Housing Snapshot
|Total Affordable Apartment Properties||1|
|Total Low Income Apartments||120|
|Total Housing Units with Rental Assistance||0|
|Percentage of Housing Units Occupied By Renters||36.93%|
|Average Renter Household Size||2.42|
|Average Household Size||2.80|
|Median Household Income||$63,871 ±$3,491|
|Median Rent||$1,216 ±$87|
|Percentage Of Renters Overburdened||51.15% ± 13.52pp|
Population and Household Demographics
Grand Terrace is a city in San Bernardino County, California with a population of 12,331. There are 4,352 households in the city with an average household size of 2.80 persons. 36.93% of households in Grand Terrace are renters.
Income and Rent Overburden in Grand Terrace
The median gross income for households in Grand Terrace is $63,871 a year, or $5,323 a month. The median rent for the city is $1,216 a month.
Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Grand Terrace, a household making less than $4,053 a month would be considered overburdened when renting an apartment at or above the median rent. 51.15% of households who rent are overburdened in Grand Terrace.
Area Median Income In Grand Terrace
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 Grand Terrace, the AMI is calculated from all households within San Bernardino County.
In Grand Terrace, HUD calculates the Area Median Income for a family of four as $77,500
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 Grand Terrace
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 Grand Terrace
|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 Grand Terrace AMI may qualify for rental assistance programs that target Extremely Low Income households.
|50% AMI Income Limits
Renters earning up to 50% of the Grand Terrace AMI may qualify for rental assistance programs that target Very Low Income households.
|80% AMI Income Limits
Renters earning up to 80% of the Grand Terrace AMI may qualify for rental assistance programs that target Low Income households.