Affordable Housing In Stamford
Fairfield County, Connecticut

41 Low Income Apartment Communities In Stamford

Bayview Towers

300 Tresser Blvd
Stamford, CT
Call For Rent
1-3 BR
HCV Welcome
Subsidized

Park Square West

101 Summer St
Stamford, CT
Call For Rent
Studio-3 BR
HCV Welcome

Metro Green Residential

717 Atlantic Street
Stamford, CT
$1,569-2,340
1-2 BR

Summer Place Apartments

992 Summer Street
Stamford, CT
Call For Rent
Studio-1 BR
55+
Subsidized

Shippan Place

521 Shippan Avenue
Stamford, CT
Call For Rent
1 BR
Subsidized

Post House

40 Clinton Ave
Stamford, CT
Call For Rent
1 BR
62+
Accessible
HCV Welcome

Westwood

1 Birch Drive
Stamford, CT
Call For Rent
1-3 BR
Family & Senior

Quintard Manor

18 Quintard Terrace
Stamford, CT
Call For Rent
Studio-1 BR
55+
Subsidized

Clinton Manor

22 Clinton Avenue
Stamford, CT
Call For Rent
1 BR
55+
Subsidized

Lawnhill Terrace

37 Custer Street
Stamford, CT
Call For Rent
2-3 BR
Family & Senior

Housing Authorities that serve Stamford

Housing Authority Programs
Charter Oaks Communities Section 8 Housing Choice Voucher (HCV); Public Housing

Guide To Affordable Housing in Stamford, Connecticut

According to federal housing data and AffordableHousingOnline.com research, there are 41 low income housing apartment communities offering 3,359 affordable apartments for rent in Stamford, Connecticut. Stamford features 2,127 low income apartments with rental assistance where households typically pay no more than 30% of their income towards rent. Additionally, there are 1,232 other low income apartments that don't provide direct rental assistance but remain affordable to low income households in Stamford.

Stamford, CT Affordable Housing Snapshot

Total Affordable Apartment Properties 41
Total Low Income Apartments 3,359
Total Housing Units with Rental Assistance 2,127
Percentage of Housing Units Occupied By Renters %
Average Renter Household Size 0.00
Average Household Size 0.00
Median Household Income $0 ±$0
Median Rent $0 ±$0
Total Population 0

Population and Household Demographics

Stamford is a City in Fairfield County, Connecticut with a population of 0. There are 0 households in the city with an average household size of 0.00 persons. % of households in Stamford are renters.

Income and Rent Overburden in Stamford

The median gross income for households in Stamford is $0 a year, or $0 a month. The median rent for the city is $0 a month.

Area Median Income In Stamford

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 Stamford, the AMI is calculated from all households within Fairfield County.

In Stamford, HUD calculates the Area Median Income for a family of four as $113,300

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 Stamford

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 Stamford HUD Rental Assistance in Stamford

Income 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
30% of Median $23,800 $27,200 $30,600 $34,000 $36,750 $39,450 $42,200 $44,900
50% of Median $39,700 $45,350 $51,000 $56,650 $61,200 $65,750 $70,250 $74,800
80% of Median $52,850 $60,400 $67,950 $75,500 $81,550 $87,600 $93,650 $99,700
Low Income Housing Tax Credits in Stamford

The Low-Income Housing Tax Credit (LIHTC) program aims to create affordable rental housing for low and very low income families.

From 1990 to 2010, 16 low income apartment communities containing 1,699 rental apartments have been constructed and made affordable to low income persons in Stamford by the Low Income Housing Tax Credit Program.

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 Stamford

Income 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
50% of Median $39,700 $45,350 $51,000 $56,650 $61,200 $65,750 $70,250 $74,800
60% of Median $47,640 $54,420 $61,200 $67,980 $73,440 $78,900 $84,300 $89,760

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 Stamford is $61,200 a year, or $5,100 a month. To determine the maximum rent in the table below we multiply the monthly maximum income, $5,100 by 30% to get a maximum rent of $1,530 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% $993 $1,063 $1,275 $1,473 $1,644 $1,813
60% $1,191 $1,276 $1,530 $1,768 $1,973 $2,176
Fair Market Rents in Stamford

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
$1,356 $1,701 $2,079 $2,616 $2,926