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Affordable Housing In Solana
Charlotte County, Florida

Housing Authorities that serve Solana

Housing Authority Programs
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 Solana, Florida

There are 0 low income housing apartment communities offering 0 affordable apartments for rent in Solana, Florida.

Income Based Apartments in Solana, Florida

Solana features 0 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 Solana, Florida

There are 0 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Solana.

Housing Choice Vouchers in Solana, Florida

On average, Section 8 Housing Choice vouchers pay Solana landlords $0 per month towards rent. The average voucher holder contributes $0 towards rent in Solana.

The maximum amount a voucher would pay on behalf of a low-income tenant in Solana, Florida for a two-bedroom apartment is between $960 and $1,174.

2021 Solana, 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
Solana, Florida Fair Market Rent $799 $866 $1,067 $1,506 $1,847
Solana, 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 research.

Solana, FL Affordable Housing Snapshot

Total Affordable Apartment Properties 0
Total Low Income Apartments 0
Total Housing Units with Rental Assistance 0
Percentage of Housing Units Occupied By Renters 46.11%
Average Renter Household Size 1.89
Average Household Size 1.61
Median Household Income $0 ±$0
Median Rent $640 ±$476
Percentage Of Renters Overburdened 42.17% ± 46.14pp
Total Population 289

Population and Household Demographics

Solana is a city in Charlotte County, Florida with a population of 289. There are 180 households in the city with an average household size of 1.61 persons. 46.11% of households in Solana are renters.

Income and Rent Overburden in Solana

The median gross income for households in Solana is $0 a year, or $0 a month. The median rent for the city is $640 a month.

Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Solana, a household making less than $2,133 a month would be considered overburdened when renting an apartment at or above the median rent. 42.17% of households who rent are overburdened in Solana.

Area Median Income In Solana

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 Solana, the AMI is calculated from all households within Charlotte County.

In Solana, 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 Solana

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 Solana

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 Solana AMI may qualify for rental assistance programs that target Extremely Low Income households.
$13,650 $17,420 $21,960 $26,500 $31,040 $35,580 $40,120 $42,800
50% AMI Income Limits
Renters earning up to 50% of the Solana AMI may qualify for rental assistance programs that target Very Low Income households.
$22,700 $25,950 $29,200 $32,400 $35,000 $37,600 $40,200 $42,800
80% AMI Income Limits
Renters earning up to 80% of the Solana AMI may qualify for rental assistance programs that target Low Income households.
$36,300 $41,500 $46,700 $51,850 $56,000 $60,150 $64,300 $68,450