Affordable Housing In Waterloo
San Joaquin County,
Housing Authorities that serve Waterloo
|Housing Authority of the County of San Joaquin||Section 8 Housing Choice Voucher (HCV); Public Housing|
Guide To Affordable Housing in Waterloo, California
There are 0 low income housing apartment communities offering 0 affordable apartments for rent in Waterloo, California.
Income Based Apartments in Waterloo, California
Waterloo 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 Waterloo, California
There are 0 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Waterloo.
Housing Choice Vouchers in Waterloo, California
On average, Section 8 Housing Choice vouchers pay Waterloo landlords $0 per month towards rent. The average voucher holder contributes $0 towards rent in Waterloo.
The maximum amount a voucher would pay on behalf of a low-income tenant in Waterloo, California for a two-bedroom apartment is between $1,143 and $1,397.
2021 Waterloo, 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|
|Waterloo, California Fair Market Rent||$845||$964||$1,270||$1,818||$2,199|
|Waterloo, California Payment Standard Range||$761 to $930||$868 to $1,060||$1,143 to $1,397||$1,636 to $2,000||$1,979 to $2,419|
Sourced from federal housing data and AffordableHousingOnline.com research.
Waterloo, 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||%|
|Average Renter Household Size||0.00|
|Average Household Size||3.25|
|Median Household Income||$109,485 ±$41,228|
|Median Rent||$0 ±$0|
Population and Household Demographics
Waterloo is a city in San Joaquin County, California with a population of 524. There are 161 households in the city with an average household size of 3.25 persons. % of households in Waterloo are renters.
Income and Rent Overburden in Waterloo
The median gross income for households in Waterloo is $109,485 a year, or $9,124 a month. The median rent for the city is $0 a month.
Area Median Income In Waterloo
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 Waterloo, the AMI is calculated from all households within San Joaquin County.
In Waterloo, HUD calculates the Area Median Income for a family of four as $74,000
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 Waterloo
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 Waterloo
|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 Waterloo AMI may qualify for rental assistance programs that target Extremely Low Income households.
|50% AMI Income Limits
Renters earning up to 50% of the Waterloo AMI may qualify for rental assistance programs that target Very Low Income households.
|80% AMI Income Limits
Renters earning up to 80% of the Waterloo AMI may qualify for rental assistance programs that target Low Income households.