Affordable Housing In Southwest Harbor
Hancock County, Maine

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There are 2 low income housing apartment complexes which contain 75 affordable apartments for rent in Southwest Harbor, Maine. Many of these rental apartments are income based housing with about 50 apartments that set rent based on your income. Often referred to as "HUD apartments", there are 0 Project-Based Section 8 subsidized apartments in Southwest Harbor. There are 25 other low income apartments that don't have rental assistance but are still considered to be affordable housing for low income families.

The HUD funded Public Housing Agencies that serve Southwest Harbor are the Southwest Harbor Housing Authority and Maine State Housing Authority.

Affordable Apartments in Southwest Harbor

24 Village Green Way
Southwest Harbor, Maine
Ridge Apartments is a 50 unit low income housing apartment community in Southwest Harbor.
Some or all apartments in this community are rent subsidized, which means rent is income based.
Public Housing
East Ridge Rd
Southwest Harbor, Maine
East Ridge Estates is a 25 unit low income housing apartment community in Southwest Harbor.
Apartments in this community are not rent subsidized. However, this apartment community has rents considered affordable for low income families in Southwest Harbor.
Low Income Housing Tax Credit Accepts Housing Choice Vouchers
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Housing Authorities that serve Southwest Harbor

The Southwest Harbor Housing Authority is a Section 8 and Public Housing public housing agency in Southwest Harbor, Maine.

The Maine State Housing Authority is a Section 8 public housing agency in Augusta, Maine.

Understanding Affordable Housing in Southwest Harbor, Maine

Southwest Harbor, ME Affordable Housing Snapshot

Total Affordable Apartment Properties 2
Total Low Income Apartments 75
Total Rent Assisted Apartments 50
Percentage of Housing Units Occupied By Renters 51.02%
Average Renter Household Size 1.77
Total Population 753
Housing Units 392
Average Household Size 1.90
Median Household Income $41,833 ±$7,205
Median Rent $567 ±$429
Percentage Of Renters Overburdened 23.5% ± 16.55pp

Population and Household Demographics

Southwest Harbor is a City in Hancock County, Maine with a population of 753. There are 392 households in the city with an average household size of 1.90 persons. 51.02% of households in Southwest Harbor are renters.

Income and Rent Overburden in Southwest Harbor

The median gross income for households in Southwest Harbor is $41,833 a year, or $3,486 a month. The median rent for the city is $567 a month.

Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Southwest Harbor, a household making less than $1,890 a month would be considered overburdened when renting an apartment at or above the median rent. 23.5% of households who rent are overburdened in Southwest Harbor.1

Data derived from 2010 Census and 2015 5-Year American Community Survey. Learn More.
1 Margin of Error: ± 16.55 percentage points.

Area Median Income In Southwest Harbor

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 Southwest Harbor, the AMI is calculated from all households within Hancock County.

In Southwest Harbor, HUD calculates the Area Median Income for a family of four as $61,000

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 Southwest Harbor

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.

Southwest Harbor HUD Rental Assistance Income Limits

AMI Band 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
30% $12,850 $16,240 $20,420 $24,600 $28,780 $32,960 $37,140 $40,300
50% $21,350 $24,400 $27,450 $30,500 $32,950 $35,400 $37,850 $40,300
80% $34,200 $39,050 $43,950 $48,800 $52,750 $56,650 $60,550 $64,450

You can identify apartment communities that participate in a program that provides rental assistance by looking for the tags in the apartment list above. View Apartments.

Low Income Housing Tax Credits in Southwest Harbor

The Low-Income Housing Tax Credit (LIHTC) program aims to create affordable rental housing for low and very low income families.

From 1988 to 1988, 1 low income apartment communities containing 25 rental apartments have been constructed and made affordable to low income persons in Southwest Harbor by the Low Income Housing Tax Credit Program.

You can identify apartment communities that participate in the program in Southwest Harbor by looking for the tag in the apartment list above. View Apartments.

If your income is less than 60% of the Area Median Income (AMI), you should not expect to pay more than the rent value for a unit in the table below. However, Affordable apartment communities that receive funding through the Low Income Housing Tax Credit program may have rental units that are not subject to income and rent limits.

Rent limits for the LIHTC Program are determined so that a household making the maximum income for the expected household size of the unit would only pay 30% of their income for rent.

Southwest Harbor Low Income Housing Tax Credit Income Limits

AMI Band 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
50% $21,350 $24,400 $27,450 $30,500 $32,950 $35,400 $37,850 $40,300
HERA 50% $22,650 $25,900 $29,150 $32,350 $34,950 $37,550 $40,150 $42,750
60% $25,620 $29,280 $32,940 $36,600 $39,540 $42,480 $45,420 $48,360
HERA 60% $27,180 $31,080 $34,980 $38,820 $41,940 $45,060 $48,180 $51,300

For example, the expected household size for a two bedroom apartment is 3 people. Using the table above, the maximum income for a 3 person household at 60% of the AMI in Southwest Harbor is $32,940 a year, or $2,745 a month. To determine the maximum rent in the table below we multiply the monthly maximum income, $2,745 by 30% to get a maximum rent of $824 a month.

Rent for units in the LIHTC Program include a utility allowance which is determined by the average monthly cost of utilities paid directly by residents. This allowance has not been subtracted from the rents in the table below. These utility allowances are set on a property by property basis.

% of AMI Studio 2 Bed 3 Bed 4 Bed 1 Bed 5 Bed
50% $534 $572 $686 $793 $885 $977
60% $641 $686 $824 $952 $1,062 $1,172
Fair Market Rents in Southwest Harbor

Fair Market Rents, often abbreviated as FMR, can be used to better understand the average housing costs of an area. Notably, Fair Market Rents are used to establish the payment standards for the Housing Choice Voucher Program, maximum rents in HOME financed rental projects and initial rents for Section 8 project based assistance.

2017 Fair Market Rents
Studio One BR Two BR Three BR Four BR
$630 $715 $902 $1,135 $1,243