Affordable Housing In Putnam
Windham County, Connecticut

4 Low Income Apartment Communities In Putnam

Ella Grasso Gardens

25 Ballou St
Putnam, CT

Bulger Apartments

218 Woodstock Ave
Putnam, CT

Little River Acres CO Rural Cons Mgmt

207 Sabin St
Putnam, CT

Hampshire Heights

50 Laconia Ct
Putnam, CT
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Housing Authorities that serve Putnam

Housing Authority Programs
Putnam Housing Authority Section 8 Housing Choice Voucher (HCV); Public Housing

Other Housing Authorities located in Putnam

Housing Authority Programs
Brooklyn Housing Authority Public Housing

Guide To Affordable Housing in Putnam, Connecticut

According to federal housing data and research, there are 4 low income housing apartment communities offering 763 affordable apartments for rent in Putnam, Connecticut. Putnam features 763 low income apartments with rental assistance where households typically pay no more than 30% of their income towards rent. Additionally, there are 0 other low income apartments that don't provide direct rental assistance but remain affordable to low income households in Putnam.

Putnam, CT Affordable Housing Snapshot

Total Affordable Apartment Properties 4
Total Low Income Apartments 763
Total Housing Units with Rental Assistance 763
Percentage of Housing Units Occupied By Renters 52.55%
Average Renter Household Size 2.34
Average Household Size 2.37
Median Household Income $46,099 ±$7,736
Median Rent $844 ±$73
Percentage Of Renters Overburdened 39.79% ± 10.88pp
Total Population 7,147

Population and Household Demographics

Putnam is a City in Windham County, Connecticut with a population of 7,147. There are 2,965 households in the city with an average household size of 2.37 persons. 52.55% of households in Putnam are renters.

Income and Rent Overburden in Putnam

The median gross income for households in Putnam is $46,099 a year, or $3,842 a month. The median rent for the city is $844 a month.

Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Putnam, a household making less than $2,813 a month would be considered overburdened when renting an apartment at or above the median rent. 39.79% of households who rent are overburdened in Putnam.1

Area Median Income In Putnam

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 Putnam, the AMI is calculated from all households within Windham County.

In Putnam, HUD calculates the Area Median Income for a family of four as $82,300

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 Putnam

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 Putnam HUD Rental Assistance in Putnam

Income 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
30% of Median $21,200 $24,200 $27,250 $30,250 $32,700 $35,100 $39,010 $43,430
50% of Median $35,350 $40,400 $45,450 $50,450 $54,500 $58,550 $62,600 $66,600
80% of Median $52,850 $60,400 $67,950 $75,500 $81,550 $87,600 $93,650 $99,700

If your income is less than 60% of the Area Median Income (AMI), you should not expect to pay more than the rent value for a unit in the table below. However, Affordable apartment communities that receive funding through the Low Income Housing Tax Credit program may have rental units that are not subject to income and rent limits.

Rent limits for the LIHTC Program are determined so that a household making the maximum income for the expected household size of the unit would only pay 30% of their income for rent.

Income Qualifications for Low Income Housing Tax Credit Apartments in Putnam

Income 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
50% of Median $35,350 $40,400 $45,450 $50,450 $54,500 $58,550 $62,600 $66,600
60% of Median $42,420 $48,480 $54,540 $60,540 $65,400 $70,260 $75,120 $79,920

For example, the expected household size for a two bedroom apartment is 3 people. Using the table above, the maximum income for a 3 person household at 60% of the AMI in Putnam is $54,540 a year, or $4,545 a month. To determine the maximum rent in the table below we multiply the monthly maximum income, $4,545 by 30% to get a maximum rent of $1,364 a month.

Rent for units in the LIHTC Program include a utility allowance which is determined by the average monthly cost of utilities paid directly by residents. This allowance has not been subtracted from the rents in the table below. These utility allowances are set on a property by property basis.

% of AMI Studio 1 Bed 2 Bed 3 Bed 4 Bed 5 Bed
50% $884 $947 $1,136 $1,312 $1,464 $1,615
60% $1,061 $1,136 $1,364 $1,574 $1,757 $1,938
Fair Market Rents in Putnam

Fair Market Rents, often abbreviated as FMR, can be used to better understand the average housing costs of an area. Notably, Fair Market Rents are used to establish the payment standards for the Housing Choice Voucher Program, maximum rents in HOME financed rental projects and initial rents for Section 8 project based assistance.

2020 Fair Market Rents
Studio One BR Two BR Three BR Four BR
$787 $811 $1,020 $1,304 $1,571