Affordable Housing In North El Monte
Los Angeles County,
Housing Authorities that serve North El Monte
|Los Angeles County Development Authority||Section 8 Housing Choice Voucher (HCV); Public Housing|
Guide To Affordable Housing in North El Monte, California
There are 0 low income housing apartment communities offering 0 affordable apartments for rent in North El Monte, California.
Income Based Apartments in North El Monte, California
North El Monte 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 North El Monte, California
There are 0 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in North El Monte.
Housing Choice Vouchers in North El Monte, California
On average, Section 8 Housing Choice vouchers pay North El Monte landlords $0 per month towards rent. The average voucher holder contributes $0 towards rent in North El Monte.
The maximum amount a voucher would pay on behalf of a low-income tenant in North El Monte, California for a two-bedroom apartment is between $1,760 and $2,152.
2020 North El Monte, 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||$1,279||$1,517||$1,956||$2,614||$2,857|
|Payment Standard Range||$1,151 to $1,407||$1,365 to $1,669||$1,760 to $2,152||$2,353 to $2,875||$2,571 to $3,143|
Sourced from federal housing data and AffordableHousingOnline.com research.
North El Monte, 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||32.15%|
|Average Renter Household Size||3.56|
|Average Household Size||3.19|
|Median Household Income||$67,917 ±$11,987|
|Median Rent||$1,613 ±$239|
|Percentage Of Renters Overburdened||55.26% ± 21.16pp|
Population and Household Demographics
North El Monte is a City in Los Angeles County, California with a population of 4,118. There are 1,272 households in the city with an average household size of 3.19 persons. 32.15% of households in North El Monte are renters.
Income and Rent Overburden in North El Monte
The median gross income for households in North El Monte is $67,917 a year, or $5,660 a month. The median rent for the city is $1,613 a month.
Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In North El Monte, a household making less than $5,377 a month would be considered overburdened when renting an apartment at or above the median rent. 55.26% of households who rent are overburdened in North El Monte.1
Area Median Income In North El Monte
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 North El Monte, the AMI is calculated from all households within Los Angeles County.
In North El Monte, HUD calculates the Area Median Income for a family of four as $73,100
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 North El Monte
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 North El Monte HUD Rental Assistance in North El Monte
|Income||1 Person||2 Person||3 Person||4 Person||5 Person||6 Person||7 Person||8 Person|
|30% of Median||$21,950||$25,050||$28,200||$31,300||$33,850||$36,350||$39,010||$43,430|
|50% of Median||$36,550||$41,800||$47,000||$52,200||$56,400||$60,600||$64,750||$68,950|
|80% of Median||$58,450||$66,800||$75,150||$83,500||$90,200||$96,900||$103,550||$110,250|