Affordable Housing In Hanford
12 Low Income Apartment Communities In Hanford
Housing Authorities that serve Hanford
|Housing Authority of Kings County||Section 8 Housing Choice Voucher (HCV); Public Housing|
Guide To Affordable Housing in Hanford, California
There are 12 low income housing apartment communities offering 881 affordable apartments for rent in Hanford, California.
Income Based Apartments in Hanford, California
Hanford features 615 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 Hanford, California
There are 266 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Hanford.
Housing Choice Vouchers in Hanford, California
On average, Section 8 Housing Choice vouchers pay Hanford landlords $700 per month towards rent. The average voucher holder contributes $400 towards rent in Hanford.
The maximum amount a voucher would pay on behalf of a low-income tenant in Hanford, California for a two-bedroom apartment is between $958 and $1,170.
2020 Hanford, 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||$841||$861||$1,064||$1,535||$1,647|
|Payment Standard Range||$757 to $925||$775 to $947||$958 to $1,170||$1,382 to $1,689||$1,482 to $1,812|
Sourced from federal housing data and AffordableHousingOnline.com research.
Hanford, CA Affordable Housing Snapshot
|Total Affordable Apartment Properties||12|
|Total Low Income Apartments||881|
|Total Housing Units with Rental Assistance||615|
|Percentage of Housing Units Occupied By Renters||44.27%|
|Average Renter Household Size||3.20|
|Average Household Size||3.11|
|Median Household Income||$53,986 ±$3,143|
|Median Rent||$937 ±$45|
|Percentage Of Renters Overburdened||45.72% ± 5.2pp|
Population and Household Demographics
Hanford is a city in Kings County, California with a population of 54,790. There are 17,414 households in the city with an average household size of 3.11 persons. 44.27% of households in Hanford are renters.
Income and Rent Overburden in Hanford
The median gross income for households in Hanford is $53,986 a year, or $4,499 a month. The median rent for the city is $937 a month.
Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Hanford, a household making less than $3,123 a month would be considered overburdened when renting an apartment at or above the median rent. 45.72% of households who rent are overburdened in Hanford.
Area Median Income In Hanford
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 Hanford, the AMI is calculated from all households within Kings County.
In Hanford, HUD calculates the Area Median Income for a family of four as $62,200
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 Hanford
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 Hanford
|Income||1 Person||2 Person||3 Person||4 Person||5 Person||6 Person||7 Person||8 Person|
|30% of Median||$14,700||$17,240||$21,720||$26,200||$30,680||$35,160||$39,640||$44,120|
|50% of Median||$24,500||$28,000||$31,500||$34,950||$37,750||$40,550||$43,350||$46,150|
|80% of Median||$39,150||$44,750||$50,350||$55,900||$60,400||$64,850||$69,350||$73,800|