Affordable Housing In Novato
Marin County, California

14 Low Income Apartment Communities In Novato

Mackey Terrace

626 Owen Dr
Novato, CA
Call For Rent
1 BR
62+
Accessible
Elderly Supportive Housing
Subsidized

Warner Creek Senior Housing

806 Diablo Avenue
Novato, CA
62+
Subsidized

Stonehaven House

2 Stonehaven Ct
Novato, CA
62+
Accessible
Elderly Supportive Housing
Subsidized

Margaret Duncan Greene Apartments Olive Ave.

1100 Olive Ave
Novato, CA
Accessible
Disabled Supportive Housing
Subsidized

Hamilton Meadows I

1455 N Hamilton Pkwy
Novato, CA

Lamont House

816 Lamont Ave
Novato, CA
Accessible
Disabled Supportive Housing
Subsidized

Dante House

1912 Novato Blvd
Novato, CA
Accessible
Disabled Supportive Housing
Subsidized

Marin Handicapped Housing 5

6 Brown Dr
Novato, CA
62+
Accessible
Elderly Supportive Housing
Subsidized

Wyndover Apartments

809 Diablo Ave
Novato, CA
HCV Welcome

Hamilton Transitional Housing ( Phase 1 )

71 Tinker Way
Novato, CA
HCV Welcome

Housing Authorities that serve Novato

Housing Authority Programs
Housing Authority of the County of Marin Section 8 Housing Choice Voucher (HCV); Public Housing

Guide To Affordable Housing in Novato, California

According to federal housing data and AffordableHousingOnline.com research, there are 14 low income housing apartment communities offering 824 affordable apartments for rent in Novato, California. Novato features 162 low income apartments with rental assistance where households typically pay no more than 30% of their income towards rent. Additionally, there are 662 other low income apartments that don't provide direct rental assistance but remain affordable to low income households in Novato.

Novato, CA Affordable Housing Snapshot

Total Affordable Apartment Properties 14
Total Low Income Apartments 824
Total Housing Units with Rental Assistance 162
Percentage of Housing Units Occupied By Renters 35.84%
Average Renter Household Size 2.60
Average Household Size 2.50
Median Household Income $78,439 ±$5,485
Median Rent $1,708 ±$68
Percentage Of Renters Overburdened 56.36% ± 6.49pp
Total Population 54,133

Population and Household Demographics

Novato is a City in Marin County, California with a population of 54,133. There are 21,403 households in the city with an average household size of 2.50 persons. 35.84% of households in Novato are renters.

Income and Rent Overburden in Novato

The median gross income for households in Novato is $78,439 a year, or $6,537 a month. The median rent for the city is $1,708 a month.

Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Novato, a household making less than $5,693 a month would be considered overburdened when renting an apartment at or above the median rent. 56.36% of households who rent are overburdened in Novato.1

Area Median Income In Novato

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 Novato, the AMI is calculated from all households within Marin County.

In Novato, 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 Novato

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 Novato HUD Rental Assistance in Novato

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
Low Income Housing Tax Credits in Novato

The Low-Income Housing Tax Credit (LIHTC) program aims to create affordable rental housing for low and very low income families.

From 2002 to 2006, 6 low income apartment communities containing 656 rental apartments have been constructed and made affordable to low income persons in Novato by the Low Income Housing Tax Credit Program.

If your income is less than 60% of the Area Median Income (AMI), you should not expect to pay more than the rent value for a unit in the table below. However, Affordable apartment communities that receive funding through the Low Income Housing Tax Credit program may have rental units that are not subject to income and rent limits.

Rent limits for the LIHTC Program are determined so that a household making the maximum income for the expected household size of the unit would only pay 30% of their income for rent.

Income Qualifications for Low Income Housing Tax Credit Apartments in Novato

Income 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
50% of Median $56,450 $64,500 $72,550 $80,600 $87,050 $93,500 $99,950 $106,400
60% of Median $67,740 $77,400 $87,060 $96,720 $104,460 $112,200 $119,940 $127,680

For example, the expected household size for a two bedroom apartment is 3 people. Using the table above, the maximum income for a 3 person household at 60% of the AMI in Novato is $87,060 a year, or $7,255 a month. To determine the maximum rent in the table below we multiply the monthly maximum income, $7,255 by 30% to get a maximum rent of $2,177 a month.

Rent for units in the LIHTC Program include a utility allowance which is determined by the average monthly cost of utilities paid directly by residents. This allowance has not been subtracted from the rents in the table below. These utility allowances are set on a property by property basis.

% of AMI Studio 1 Bed 2 Bed 3 Bed 4 Bed 5 Bed
50% $1,411 $1,512 $1,814 $2,096 $2,338 $2,579
60% $1,694 $1,814 $2,177 $2,515 $2,805 $3,095
Fair Market Rents in Novato

Fair Market Rents, often abbreviated as FMR, can be used to better understand the average housing costs of an area. Notably, Fair Market Rents are used to establish the payment standards for the Housing Choice Voucher Program, maximum rents in HOME financed rental projects and initial rents for Section 8 project based assistance.

2020 Fair Market Rents
Studio One BR Two BR Three BR Four BR
$2,197 $2,720 $3,339 $4,365 $4,657