Affordable Housing In South Lake Tahoe
El Dorado County,
11 Low Income Apartment Communities In South Lake Tahoe
Housing Authorities that serve South Lake Tahoe
|El Dorado County Public Housing Authority||Section 8 Housing Choice Voucher (HCV)|
Guide To Affordable Housing in South Lake Tahoe, California
There are 11 low income housing apartment communities offering 475 affordable apartments for rent in South Lake Tahoe, California.
Income Based Apartments in South Lake Tahoe, California
South Lake Tahoe features 153 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 South Lake Tahoe, California
There are 250 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in South Lake Tahoe.
Housing Choice Vouchers in South Lake Tahoe, California
On average, Section 8 Housing Choice vouchers pay South Lake Tahoe landlords $800 per month towards rent. The average voucher holder contributes $400 towards rent in South Lake Tahoe.
The maximum amount a voucher would pay on behalf of a low-income tenant in South Lake Tahoe, California for a two-bedroom apartment is between $1,214 and $1,484.
2020 South Lake Tahoe, 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||$952||$1,072||$1,349||$1,946||$2,368|
|Payment Standard Range||$857 to $1,047||$965 to $1,179||$1,214 to $1,484||$1,751 to $2,141||$2,131 to $2,605|
Sourced from federal housing data and AffordableHousingOnline.com research.
South Lake Tahoe, CA Affordable Housing Snapshot
|Total Affordable Apartment Properties||11|
|Total Low Income Apartments||475|
|Total Housing Units with Rental Assistance||153|
|Percentage of Housing Units Occupied By Renters||55.93%|
|Average Renter Household Size||2.57|
|Average Household Size||2.50|
|Median Household Income||$39,793 ±$4,287|
|Median Rent||$876 ±$32|
|Percentage Of Renters Overburdened||53.2% ± 6.24pp|
Population and Household Demographics
South Lake Tahoe is a city in El Dorado County, California with a population of 21,437. There are 8,452 households in the city with an average household size of 2.50 persons. 55.93% of households in South Lake Tahoe are renters.
Income and Rent Overburden in South Lake Tahoe
The median gross income for households in South Lake Tahoe is $39,793 a year, or $3,316 a month. The median rent for the city is $876 a month.
Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In South Lake Tahoe, a household making less than $2,920 a month would be considered overburdened when renting an apartment at or above the median rent. 53.2% of households who rent are overburdened in South Lake Tahoe.
Area Median Income In South Lake Tahoe
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 South Lake Tahoe, the AMI is calculated from all households within El Dorado County.
In South Lake Tahoe, HUD calculates the Area Median Income for a family of four as $86,300
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 South Lake Tahoe
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 South Lake Tahoe
|Income||1 Person||2 Person||3 Person||4 Person||5 Person||6 Person||7 Person||8 Person|
|30% of Median||$18,150||$20,750||$23,350||$26,200||$30,680||$35,160||$39,640||$44,120|
|50% of Median||$30,250||$34,550||$38,850||$43,150||$46,650||$50,100||$53,550||$57,000|
|80% of Median||$48,350||$55,250||$62,150||$69,050||$74,600||$80,100||$85,650||$91,150|