Affordable Housing In New Chicago
Lake County, Indiana

Affordable Housing programs support 0 income based apartments in New Chicago where households pay rent based on how much they earn.

There are 0 affordable apartments in New Chicago that offer reduced rents to low-income households.

Waiting Lists in New Chicago, Indiana

There are no open Section 8 Housing Choice Voucher waiting lists in New Chicago. Go to the Indiana Section 8 Waiting Lists page for openings near New Chicago.

Affordable Housing Near New Chicago

View affordable apartments and waiting lists in cities near New Chicago

City Apartments
Affordable Housing In Cedar Lake, IN Affordable Housing programs support 1 apartment communities in Cedar Lake.
Affordable Housing In Crown Point, IN Affordable Housing programs support 2 apartment communities in Crown Point.
Affordable Housing In East Chicago, IN Affordable Housing programs support 15 apartment communities in East Chicago.
Affordable Housing In Gary, IN Affordable Housing programs support 44 apartment communities in Gary.
Affordable Housing In Hammond, IN Affordable Housing programs support 12 apartment communities in Hammond.
Affordable Housing In Hobart, IN Affordable Housing programs support 2 apartment communities in Hobart.
Affordable Housing In Lowell, IN Affordable Housing programs support 2 apartment communities in Lowell.
Affordable Housing In Merrillville, IN Affordable Housing programs support 12 apartment communities in Merrillville.
Affordable Housing In Whiting, IN Affordable Housing programs support 1 apartment communities in Whiting.

New Chicago, Indiana Affordable Housing Data

Income Based Apartments in New Chicago, Indiana

New Chicago 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 New Chicago, Indiana

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

Housing Choice Vouchers in New Chicago, Indiana

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

The maximum amount a voucher would pay on behalf of a low-income tenant in New Chicago, Indiana for a two-bedroom apartment is between $900 and $1,100.

2023 New Chicago, Indiana 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
New Chicago, Indiana Fair Market Rent $677 $815 $1,000 $1,227 $1,361
New Chicago, Indiana Payment Standard Range $609 to $745 $734 to $897 $900 to $1,100 $1,104 to $1,350 $1,225 to $1,497

Sourced from federal housing data and AffordableHousingOnline.com research.

New Chicago, IN 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 34.26%
Average Renter Household Size 2.36
Average Household Size 2.62
Median Household Income $38,879 ±$7,470
Median Rent $808 ±$58
Percentage Of Renters Overburdened 57.72% ± 15.87pp
Total Population 2,081

Population and Household Demographics

New Chicago is a city in Lake County, Indiana with a population of 2,081. There are 794 households in the city with an average household size of 2.62 persons. 34.26% of households in New Chicago are renters.

Income and Rent Overburden in New Chicago

The median gross income for households in New Chicago is $38,879 a year, or $3,240 a month. The median rent for the city is $808 a month.

Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In New Chicago, a household making less than $2,693 a month would be considered overburdened when renting an apartment at or above the median rent. 57.72% of households who rent are overburdened in New Chicago.

Area Median Income In New Chicago

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 New Chicago, the AMI is calculated from all households within Lake County.

In New Chicago, HUD calculates the Area Median Income for a family of four as $85,000

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 New Chicago

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 New Chicago

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 New Chicago AMI may qualify for rental assistance programs that target Extremely Low Income households.
$17,750 $20,250 $23,030 $27,750 $32,470 $37,190 $41,910 $46,630
50% AMI Income Limits
Renters earning up to 50% of the New Chicago AMI may qualify for rental assistance programs that target Very Low Income households.
$29,550 $33,800 $38,000 $42,200 $45,600 $49,000 $52,350 $55,750
80% AMI Income Limits
Renters earning up to 80% of the New Chicago AMI may qualify for rental assistance programs that target Low Income households.
$47,250 $54,000 $60,750 $67,500 $72,900 $78,300 $83,700 $89,100