Affordable Housing In Spring Valley Lake
San Bernardino County, California

Housing Authorities that serve Spring Valley Lake

Housing Authority Programs
Housing Authority of the County of San Bernardino Section 8 Housing Choice Voucher (HCV); Public Housing; Moving to Work

Guide To Affordable Housing in Spring Valley Lake, California

There are 0 low income housing apartment communities offering 0 affordable apartments for rent in Spring Valley Lake, California.

Income Based Apartments in Spring Valley Lake, California

Spring Valley Lake 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 Spring Valley Lake, California

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

Housing Choice Vouchers in Spring Valley Lake, California

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

The maximum amount a voucher would pay on behalf of a low-income tenant in Spring Valley Lake, California for a two-bedroom apartment is between $1,251 and $1,529.

2021 Spring Valley Lake, 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
Spring Valley Lake, California Fair Market Rent $955 $1,106 $1,390 $1,917 $2,369
Spring Valley Lake, California Payment Standard Range $860 to $1,051 $995 to $1,217 $1,251 to $1,529 $1,725 to $2,109 $2,132 to $2,606

Sourced from federal housing data and AffordableHousingOnline.com research.

Spring Valley Lake, 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 35.94%
Average Renter Household Size 3.56
Average Household Size 2.96
Median Household Income $70,481 ±$14,880
Median Rent $1,472 ±$103
Percentage Of Renters Overburdened 44.85% ± 16.38pp
Total Population 7,849

Population and Household Demographics

Spring Valley Lake is a city in San Bernardino County, California with a population of 7,849. There are 2,649 households in the city with an average household size of 2.96 persons. 35.94% of households in Spring Valley Lake are renters.

Income and Rent Overburden in Spring Valley Lake

The median gross income for households in Spring Valley Lake is $70,481 a year, or $5,873 a month. The median rent for the city is $1,472 a month.

Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Spring Valley Lake, a household making less than $4,907 a month would be considered overburdened when renting an apartment at or above the median rent. 44.85% of households who rent are overburdened in Spring Valley Lake.

Area Median Income In Spring Valley Lake

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 Spring Valley Lake, the AMI is calculated from all households within San Bernardino County.

In Spring Valley Lake, HUD calculates the Area Median Income for a family of four as $77,500

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 Spring Valley Lake

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 Spring Valley Lake

1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
30% AMI Income Limits
Renters earning up to 30% of the Spring Valley Lake AMI may qualify for rental assistance programs that target Extremely Low Income households.
$16,600 $19,000 $21,960 $26,500 $31,040 $35,580 $40,120 $44,660
50% AMI Income Limits
Renters earning up to 50% of the Spring Valley Lake AMI may qualify for rental assistance programs that target Very Low Income households.
$27,650 $31,600 $35,550 $39,500 $42,700 $45,850 $49,000 $52,150
80% AMI Income Limits
Renters earning up to 80% of the Spring Valley Lake AMI may qualify for rental assistance programs that target Low Income households.
$44,250 $50,600 $56,900 $63,200 $68,300 $73,350 $78,400 $83,450