Affordable Housing In Ormond Beach
6 Low Income Apartment Communities In Ormond Beach
Housing Authorities that serve Ormond Beach
|Ormond Beach Housing Authority||Section 8 Housing Choice Voucher (HCV); Public Housing|
|Volusia County Community Assistance Division||Section 8 Housing Choice Voucher (HCV); Public Housing|
Guide To Affordable Housing in Ormond Beach, Florida
There are 6 low income housing apartment communities offering 581 affordable apartments for rent in Ormond Beach, Florida.
Income Based Apartments in Ormond Beach, Florida
Ormond Beach features 137 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 Ormond Beach, Florida
There are 444 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Ormond Beach.
Housing Choice Vouchers in Ormond Beach, Florida
On average, Section 8 Housing Choice vouchers pay Ormond Beach landlords $700 per month towards rent. The average voucher holder contributes $400 towards rent in Ormond Beach.
The maximum amount a voucher would pay on behalf of a low-income tenant in Ormond Beach, Florida for a two-bedroom apartment is between $945 and $1,155.
2021 Ormond Beach, 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||$693||$856||$1,050||$1,406||$1,537|
|Payment Standard Range||$624 to $762||$770 to $942||$945 to $1,155||$1,265 to $1,547||$1,383 to $1,691|
Sourced from federal housing data and AffordableHousingOnline.com research.
Ormond Beach, FL Affordable Housing Snapshot
|Total Affordable Apartment Properties||6|
|Total Low Income Apartments||581|
|Total Housing Units with Rental Assistance||137|
|Percentage of Housing Units Occupied By Renters||25.99%|
|Average Renter Household Size||2.45|
|Average Household Size||2.43|
|Median Household Income||$46,567 ±$3,430|
|Median Rent||$977 ±$31|
|Percentage Of Renters Overburdened||60.16% ± 6.9pp|
Population and Household Demographics
Ormond Beach is a city in Volusia County, Florida with a population of 39,938. There are 16,223 households in the city with an average household size of 2.43 persons. 25.99% of households in Ormond Beach are renters.
Income and Rent Overburden in Ormond Beach
The median gross income for households in Ormond Beach is $46,567 a year, or $3,881 a month. The median rent for the city is $977 a month.
Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Ormond Beach, a household making less than $3,257 a month would be considered overburdened when renting an apartment at or above the median rent. 60.16% of households who rent are overburdened in Ormond Beach.
Area Median Income In Ormond Beach
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 Ormond Beach, the AMI is calculated from all households within Volusia County.
In Ormond Beach, HUD calculates the Area Median Income for a family of four as $64,900
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 Ormond Beach
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 Ormond Beach
|Income||1 Person||2 Person||3 Person||4 Person||5 Person||6 Person||7 Person||8 Person|
|30% of Median||$13,650||$17,240||$21,720||$26,200||$30,680||$35,160||$39,640||$42,850|
|50% of Median||$22,750||$26,000||$29,250||$32,450||$35,050||$37,650||$40,250||$42,850|
|80% of Median||$36,350||$41,550||$46,750||$51,900||$56,100||$60,250||$64,400||$68,550|