Affordable Housing In Wailuku
10 Low Income Apartment Communities In Wailuku
Housing Authorities that serve Wailuku
|County of Maui Housing Division||Section 8 Housing Choice Voucher (HCV)|
Guide To Affordable Housing in Wailuku, Hawaii
There are 10 low income housing apartment communities offering 776 affordable apartments for rent in Wailuku, Hawaii.
Income Based Apartments in Wailuku, Hawaii
Wailuku features 284 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 Wailuku, Hawaii
There are 492 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Wailuku.
Housing Choice Vouchers in Wailuku, Hawaii
On average, Section 8 Housing Choice vouchers pay Wailuku landlords $1,300 per month towards rent. The average voucher holder contributes $500 towards rent in Wailuku.
The maximum amount a voucher would pay on behalf of a low-income tenant in Wailuku, Hawaii for a two-bedroom apartment is between $1,583 and $1,935.
2020 Wailuku, Hawaii 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||$1,275||$1,394||$1,759||$2,496||$2,846|
|Payment Standard Range||$1,148 to $1,403||$1,255 to $1,533||$1,583 to $1,935||$2,246 to $2,746||$2,561 to $3,131|
Sourced from federal housing data and AffordableHousingOnline.com research.
Wailuku, HI Affordable Housing Snapshot
|Total Affordable Apartment Properties||10|
|Total Low Income Apartments||776|
|Total Housing Units with Rental Assistance||284|
|Percentage of Housing Units Occupied By Renters||42.39%|
|Average Renter Household Size||2.74|
|Average Household Size||2.77|
|Median Household Income||$69,768 ±$5,672|
|Median Rent||$1,012 ±$112|
|Percentage Of Renters Overburdened||46.04% ± 7.65pp|
Population and Household Demographics
Wailuku is a City in Maui County, Hawaii with a population of 16,064. There are 5,754 households in the city with an average household size of 2.77 persons. 42.39% of households in Wailuku are renters.
Income and Rent Overburden in Wailuku
The median gross income for households in Wailuku is $69,768 a year, or $5,814 a month. The median rent for the city is $1,012 a month.
Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Wailuku, a household making less than $3,373 a month would be considered overburdened when renting an apartment at or above the median rent. 46.04% of households who rent are overburdened in Wailuku.1
Area Median Income In Wailuku
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 Wailuku, the AMI is calculated from all households within Maui County.
In Wailuku, HUD calculates the Area Median Income for a family of four as $83,800
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 Wailuku
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 Wailuku
|Income||1 Person||2 Person||3 Person||4 Person||5 Person||6 Person||7 Person||8 Person|
|30% of Median||$20,550||$23,450||$26,400||$29,620||$34,700||$39,780||$44,860||$49,940|
|50% of Median||$34,200||$39,050||$43,950||$48,800||$52,750||$56,650||$60,550||$64,450|
|80% of Median||$54,700||$62,500||$70,300||$78,100||$84,350||$90,600||$96,850||$103,100|