Affordable Housing In Belle Mead
Housing Authorities that serve Belle Mead
|Maryland Department of Housing and Community Development||Section 8 Housing Choice Voucher (HCV); Family Self-Sufficiency; Homeownership; Section 8 HCV Money Follows the Person (MFP)|
Guide To Affordable Housing in Belle Mead, Maryland
There are 0 low income housing apartment communities offering 0 affordable apartments for rent in Belle Mead, Maryland.
Income Based Apartments in Belle Mead, Maryland
Belle Mead 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 Belle Mead, Maryland
There are 0 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Belle Mead.
Housing Choice Vouchers in Belle Mead, Maryland
On average, Section 8 Housing Choice vouchers pay Belle Mead landlords $0 per month towards rent. The average voucher holder contributes $0 towards rent in Belle Mead.
The maximum amount a voucher would pay on behalf of a low-income tenant in Belle Mead, Maryland for a two-bedroom apartment is between $666 and $814.
2020 Belle Mead, Maryland 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||$501||$647||$740||$1,030||$1,151|
|Payment Standard Range||$451 to $551||$582 to $712||$666 to $814||$927 to $1,133||$1,036 to $1,266|
Sourced from federal housing data and AffordableHousingOnline.com research.
Area Median Income In Belle Mead
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 Belle Mead, the AMI is calculated from all households within Somerset County.
In Belle Mead, HUD calculates the Area Median Income for a family of four as $49,800
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 Belle Mead
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 Belle Mead
|Income||1 Person||2 Person||3 Person||4 Person||5 Person||6 Person||7 Person||8 Person|
|30% of Median||$14,350||$16,910||$21,330||$25,750||$30,170||$34,590||$39,010||$43,430|
|50% of Median||$23,950||$27,400||$30,800||$34,200||$36,950||$39,700||$42,450||$45,150|
|80% of Median||$38,300||$43,800||$49,250||$54,700||$59,100||$63,500||$67,850||$72,250|