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Affordable Housing In Lake of the Pines
Nevada County, California

Housing Authorities that serve Lake of the Pines

Housing Authority Programs
Regional Housing Authority Section 8 Housing Choice Voucher (HCV); Public Housing; Family Self-Sufficiency; Veteran Affairs Supportive Housing (VASH); Section 8 Project-Based Voucher (PBV); Rental Assistance Demonstration (RAD)

Guide To Affordable Housing in Lake of the Pines, California

There are 0 low income housing apartment communities offering 0 affordable apartments for rent in Lake of the Pines, California.

Income Based Apartments in Lake of the Pines, California

Lake of the Pines 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 Lake of the Pines, California

There are 0 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Lake of the Pines.

Housing Choice Vouchers in Lake of the Pines, California

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

The maximum amount a voucher would pay on behalf of a low-income tenant in Lake of the Pines, California for a two-bedroom apartment is between $1,183 and $1,445.

2020 Lake of the Pines, 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 $856 $998 $1,314 $1,896 $2,052
Payment Standard Range $770 to $942 $898 to $1,098 $1,183 to $1,445 $1,706 to $2,086 $1,847 to $2,257

Sourced from federal housing data and AffordableHousingOnline.com research.

Lake of the Pines, 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 22.99%
Average Renter Household Size 2.81
Average Household Size 2.37
Median Household Income $75,274 ±$10,277
Median Rent $1,547 ±$306
Percentage Of Renters Overburdened 27.27% ± 17.56pp
Total Population 3,627

Population and Household Demographics

Lake of the Pines is a city in Nevada County, California with a population of 3,627. There are 1,531 households in the city with an average household size of 2.37 persons. 22.99% of households in Lake of the Pines are renters.

Income and Rent Overburden in Lake of the Pines

The median gross income for households in Lake of the Pines is $75,274 a year, or $6,273 a month. The median rent for the city is $1,547 a month.

Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Lake of the Pines, a household making less than $5,157 a month would be considered overburdened when renting an apartment at or above the median rent. 27.27% of households who rent are overburdened in Lake of the Pines.

Area Median Income In Lake of the Pines

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 Lake of the Pines, the AMI is calculated from all households within Nevada County.

In Lake of the Pines, HUD calculates the Area Median Income for a family of four as $92,400

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 Lake of the Pines

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 Lake of the Pines

Income 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
30% of Median $18,100 $20,650 $23,250 $26,200 $30,680 $35,160 $39,640 $44,120
50% of Median $30,100 $34,400 $38,700 $43,000 $46,450 $49,900 $53,350 $56,800
80% of Median $48,200 $55,050 $61,950 $68,800 $74,350 $79,850 $85,350 $90,850