Affordable Housing In Kit Carson
Guide To Affordable Housing in Kit Carson, Colorado
There are 0 low income housing apartment communities offering 0 affordable apartments for rent in Kit Carson, Colorado.
Income Based Apartments in Kit Carson, Colorado
Kit Carson 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 Kit Carson, Colorado
There are 0 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Kit Carson.
Housing Choice Vouchers in Kit Carson, Colorado
On average, Section 8 Housing Choice vouchers pay Kit Carson landlords $0 per month towards rent. The average voucher holder contributes $0 towards rent in Kit Carson.
The maximum amount a voucher would pay on behalf of a low-income tenant in Kit Carson, Colorado for a two-bedroom apartment is between $871 and $1,065.
2022 Kit Carson, Colorado 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|
|Kit Carson, Colorado Fair Market Rent||$731||$736||$968||$1,210||$1,657|
|Kit Carson, Colorado Payment Standard Range||$658 to $804||$662 to $810||$871 to $1,065||$1,089 to $1,331||$1,491 to $1,823|
Sourced from federal housing data and AffordableHousingOnline.com research.
Kit Carson, CO 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||32.22%|
|Average Renter Household Size||3.21|
|Average Household Size||2.71|
|Median Household Income||$45,000 ±$26,112|
|Median Rent||$694 ±$102|
|Percentage Of Renters Overburdened||24.14% ± 69.66pp|
Population and Household Demographics
Kit Carson is a city in Alamosa County, Colorado with a population of 263. There are 90 households in the city with an average household size of 2.71 persons. 32.22% of households in Kit Carson are renters.
Income and Rent Overburden in Kit Carson
The median gross income for households in Kit Carson is $45,000 a year, or $3,750 a month. The median rent for the city is $694 a month.
Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Kit Carson, a household making less than $2,313 a month would be considered overburdened when renting an apartment at or above the median rent. 24.14% of households who rent are overburdened in Kit Carson.
Area Median Income In Kit Carson
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 Kit Carson, the AMI is calculated from all households within Alamosa County.
In Kit Carson, HUD calculates the Area Median Income for a family of four as $52,300
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 Kit Carson
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 Kit Carson
|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 Kit Carson AMI may qualify for rental assistance programs that target Extremely Low Income households.
|50% AMI Income Limits
Renters earning up to 50% of the Kit Carson AMI may qualify for rental assistance programs that target Very Low Income households.
|80% AMI Income Limits
Renters earning up to 80% of the Kit Carson AMI may qualify for rental assistance programs that target Low Income households.