Affordable Housing programs support 25 income based apartments in Cheyenne Wells where households pay rent based on how much they earn.
There are 0 affordable apartments in Cheyenne Wells that offer reduced rents to low-income households.
There are no open Section 8 Housing Choice Voucher waiting lists in Cheyenne Wells. Go to the Colorado Section 8 Waiting Lists page for openings near Cheyenne Wells.
Cheyenne Wells features 25 income based apartments. Tenants of income based apartments typically pay no more than 30% of their income towards rent and utilities.
There are 0 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Cheyenne Wells.
On average, Section 8 Housing Choice vouchers pay Cheyenne Wells landlords $0 per month towards rent. The average voucher holder contributes $0 towards rent in Cheyenne Wells.
Sourced from federal housing data and AffordableHousingOnline.com research.
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 Cheyenne Wells, the AMI is calculated from all households within Cheyenne County.
In Cheyenne Wells, HUD calculates the Area Median Income for a family of four as $90,200
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 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.
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|30% AMI Income Limits
Renters earning up to 30% of the Cheyenne Wells AMI may qualify for rental assistance programs that target Extremely Low Income households.
|50% AMI Income Limits
Renters earning up to 50% of the Cheyenne Wells AMI may qualify for rental assistance programs that target Very Low Income households.
|80% AMI Income Limits
Renters earning up to 80% of the Cheyenne Wells AMI may qualify for rental assistance programs that target Low Income households.