Affordable Housing In Branford
2 Low Income Apartment Communities In Branford
Housing Authorities that serve Branford
|Suwannee County Housing Authority||Public Housing|
|North Central Florida Housing Authority||Section 8 Housing Choice Voucher (HCV); Public Housing|
Guide To Affordable Housing in Branford, Florida
There are 2 low income housing apartment communities offering 44 affordable apartments for rent in Branford, Florida.
Income Based Apartments in Branford, Florida
Branford features 44 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 Branford, Florida
There are 0 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Branford.
Housing Choice Vouchers in Branford, Florida
On average, Section 8 Housing Choice vouchers pay Branford landlords $0 per month towards rent. The average voucher holder contributes $0 towards rent in Branford.
The maximum amount a voucher would pay on behalf of a low-income tenant in Branford, Florida for a two-bedroom apartment is between $661 and $807.
2021 Branford, Florida 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|
|Branford, Florida Fair Market Rent||$629||$644||$734||$1,027||$1,191|
|Branford, Florida Payment Standard Range||$566 to $692||$580 to $708||$661 to $807||$924 to $1,130||$1,072 to $1,310|
Sourced from federal housing data and AffordableHousingOnline.com research.
Branford, FL Affordable Housing Snapshot
|Total Affordable Apartment Properties||2|
|Total Low Income Apartments||44|
|Total Housing Units with Rental Assistance||44|
|Percentage of Housing Units Occupied By Renters||50.17%|
|Average Renter Household Size||3.08|
|Average Household Size||2.92|
|Median Household Income||$32,604 ±$11,769|
|Median Rent||$478 ±$88|
|Percentage Of Renters Overburdened||26.85% ± 14.95pp|
Population and Household Demographics
Branford is a city in Suwannee County, Florida with a population of 867. There are 297 households in the city with an average household size of 2.92 persons. 50.17% of households in Branford are renters.
Income and Rent Overburden in Branford
The median gross income for households in Branford is $32,604 a year, or $2,717 a month. The median rent for the city is $478 a month.
Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Branford, a household making less than $1,593 a month would be considered overburdened when renting an apartment at or above the median rent. 26.85% of households who rent are overburdened in Branford.
Area Median Income In Branford
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 Branford, the AMI is calculated from all households within Suwannee County.
In Branford, HUD calculates the Area Median Income for a family of four as $51,800
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 Branford
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 Branford
|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 Branford AMI may qualify for rental assistance programs that target Extremely Low Income households.
|50% AMI Income Limits
Renters earning up to 50% of the Branford AMI may qualify for rental assistance programs that target Very Low Income households.
|80% AMI Income Limits
Renters earning up to 80% of the Branford AMI may qualify for rental assistance programs that target Low Income households.