Affordable Housing In Port Charlotte
7 Low Income Apartment Communities In Port Charlotte
Housing Authorities that serve Port Charlotte
|Punta Gorda Housing Authority||Section 8 Housing Choice Voucher (HCV); Public Housing; Family Self-Sufficiency; Veteran Affairs Supportive Housing (VASH); Mainstream Voucher|
Guide To Affordable Housing in Port Charlotte, Florida
There are 7 low income housing apartment communities offering 607 affordable apartments for rent in Port Charlotte, Florida.
Income Based Apartments in Port Charlotte, Florida
Port Charlotte features 215 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 Port Charlotte, Florida
There are 392 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Port Charlotte.
Housing Choice Vouchers in Port Charlotte, Florida
On average, Section 8 Housing Choice vouchers pay Port Charlotte landlords $800 per month towards rent. The average voucher holder contributes $400 towards rent in Port Charlotte.
The maximum amount a voucher would pay on behalf of a low-income tenant in Port Charlotte, Florida for a two-bedroom apartment is between $960 and $1,174.
2021 Port Charlotte, 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|
|Port Charlotte, Florida Fair Market Rent||$799||$866||$1,067||$1,506||$1,847|
|Port Charlotte, Florida Payment Standard Range||$719 to $879||$779 to $953||$960 to $1,174||$1,355 to $1,657||$1,662 to $2,032|
Sourced from federal housing data and AffordableHousingOnline.com research.
Port Charlotte, FL Affordable Housing Snapshot
|Total Affordable Apartment Properties||7|
|Total Low Income Apartments||607|
|Total Housing Units with Rental Assistance||215|
|Percentage of Housing Units Occupied By Renters||24.15%|
|Average Renter Household Size||2.62|
|Average Household Size||2.38|
|Median Household Income||$38,896 ±$1,864|
|Median Rent||$910 ±$40|
|Percentage Of Renters Overburdened||54.65% ± 6.07pp|
Population and Household Demographics
Port Charlotte is a city in Charlotte County, Florida with a population of 56,434. There are 23,486 households in the city with an average household size of 2.38 persons. 24.15% of households in Port Charlotte are renters.
Income and Rent Overburden in Port Charlotte
The median gross income for households in Port Charlotte is $38,896 a year, or $3,241 a month. The median rent for the city is $910 a month.
Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Port Charlotte, a household making less than $3,033 a month would be considered overburdened when renting an apartment at or above the median rent. 54.65% of households who rent are overburdened in Port Charlotte.
Area Median Income In Port Charlotte
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 Port Charlotte, the AMI is calculated from all households within Charlotte County.
In Port Charlotte, HUD calculates the Area Median Income for a family of four as $66,700
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 Port Charlotte
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 Port Charlotte
|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 Port Charlotte AMI may qualify for rental assistance programs that target Extremely Low Income households.
|50% AMI Income Limits
Renters earning up to 50% of the Port Charlotte AMI may qualify for rental assistance programs that target Very Low Income households.
|80% AMI Income Limits
Renters earning up to 80% of the Port Charlotte AMI may qualify for rental assistance programs that target Low Income households.