Affordable Housing In Lake Butler
3 Low Income Apartment Communities In Lake Butler
Housing Authorities that serve Lake Butler
|Union County Housing Authority||Public Housing|
Guide To Affordable Housing in Lake Butler, Florida
There are 3 low income housing apartment communities offering 201 affordable apartments for rent in Lake Butler, Florida.
Income Based Apartments in Lake Butler, Florida
Lake Butler features 201 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 Lake Butler, Florida
There are 0 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Lake Butler.
Housing Choice Vouchers in Lake Butler, Florida
On average, Section 8 Housing Choice vouchers pay Lake Butler landlords $0 per month towards rent. The average voucher holder contributes $0 towards rent in Lake Butler.
The maximum amount a voucher would pay on behalf of a low-income tenant in Lake Butler, Florida for a two-bedroom apartment is between $643 and $785.
2020 Lake Butler, 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|
|Fair Market Rent||$609||$627||$714||$911||$1,244|
|Payment Standard Range||$548 to $670||$564 to $690||$643 to $785||$820 to $1,002||$1,120 to $1,368|
Sourced from federal housing data and AffordableHousingOnline.com research.
Lake Butler, FL Affordable Housing Snapshot
|Total Affordable Apartment Properties||3|
|Total Low Income Apartments||201|
|Total Housing Units with Rental Assistance||201|
|Percentage of Housing Units Occupied By Renters||59.11%|
|Average Renter Household Size||2.78|
|Average Household Size||2.71|
|Median Household Income||$27,763 ±$4,933|
|Median Rent||$556 ±$132|
|Percentage Of Renters Overburdened||44.79% ± 14.29pp|
Population and Household Demographics
Lake Butler is a city in Union County, Florida with a population of 2,224. There are 812 households in the city with an average household size of 2.71 persons. 59.11% of households in Lake Butler are renters.
Income and Rent Overburden in Lake Butler
The median gross income for households in Lake Butler is $27,763 a year, or $2,314 a month. The median rent for the city is $556 a month.
Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Lake Butler, a household making less than $1,853 a month would be considered overburdened when renting an apartment at or above the median rent. 44.79% of households who rent are overburdened in Lake Butler.
Area Median Income In Lake Butler
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 Lake Butler, the AMI is calculated from all households within Union County.
In Lake Butler, HUD calculates the Area Median Income for a family of four as $49,700
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 Lake Butler
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 Lake Butler
|Income||1 Person||2 Person||3 Person||4 Person||5 Person||6 Person||7 Person||8 Person|
|30% of Median||$12,760||$17,240||$21,720||$26,200||$28,550||$30,650||$32,750||$34,850|
|50% of Median||$18,500||$21,150||$23,800||$26,400||$28,550||$30,650||$32,750||$34,850|
|80% of Median||$29,600||$33,800||$38,050||$42,250||$45,650||$49,050||$52,400||$55,800|