Affordable Housing In Montgomery
Housing Authorities that serve Montgomery
|Housing Opportunities Commission of Montgomery County||Section 8 Housing Choice Voucher (HCV); Public Housing|
Guide To Affordable Housing in Montgomery, Maryland
There are 0 low income housing apartment communities offering 0 affordable apartments for rent in Montgomery, Maryland.
Income Based Apartments in Montgomery, Maryland
Montgomery 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 Montgomery, Maryland
There are 0 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Montgomery.
Housing Choice Vouchers in Montgomery, Maryland
On average, Section 8 Housing Choice vouchers pay Montgomery landlords $0 per month towards rent. The average voucher holder contributes $0 towards rent in Montgomery.
The maximum amount a voucher would pay on behalf of a low-income tenant in Montgomery, Maryland for a two-bedroom apartment is between $1,589 and $1,942.
2021 Montgomery, 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||$1,513||$1,548||$1,765||$2,263||$2,742|
|Payment Standard Range||$1,362 to $1,664||$1,393 to $1,703||$1,589 to $1,942||$2,037 to $2,489||$2,468 to $3,016|
Sourced from federal housing data and AffordableHousingOnline.com research.
Area Median Income In Montgomery
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 Montgomery, the AMI is calculated from all households within Montgomery County.
In Montgomery, HUD calculates the Area Median Income for a family of four as $126,000
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 Montgomery
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 Montgomery
|Income||1 Person||2 Person||3 Person||4 Person||5 Person||6 Person||7 Person||8 Person|
|30% of Median||$26,500||$30,250||$34,050||$37,800||$40,850||$43,850||$46,900||$49,900|
|50% of Median||$44,100||$50,400||$56,700||$63,000||$68,050||$73,100||$78,150||$83,200|
|80% of Median||$55,750||$63,700||$71,650||$79,600||$86,000||$92,350||$98,750||$105,100|