Affordable Housing In Bay Port
Housing Authorities that serve Bay Port
|Michigan State Housing Development Authority||Section 8 Housing Choice Voucher (HCV); Homeownership Voucher; Family Self-Sufficiency; Veteran Affairs Supportive Housing (VASH); Section 8 Project-Based Voucher (PBV)|
Guide To Affordable Housing in Bay Port, Michigan
There are 0 low income housing apartment communities offering 0 affordable apartments for rent in Bay Port, Michigan.
Income Based Apartments in Bay Port, Michigan
Bay Port 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 Bay Port, Michigan
There are 0 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Bay Port.
Housing Choice Vouchers in Bay Port, Michigan
On average, Section 8 Housing Choice vouchers pay Bay Port landlords $0 per month towards rent. The average voucher holder contributes $0 towards rent in Bay Port.
The maximum amount a voucher would pay on behalf of a low-income tenant in Bay Port, Michigan for a two-bedroom apartment is between $661 and $807.
2021 Bay Port, Michigan 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|
|Bay Port, Michigan Fair Market Rent||$555||$559||$734||$923||$1,078|
|Bay Port, Michigan Payment Standard Range||$500 to $611||$503 to $615||$661 to $807||$831 to $1,015||$970 to $1,186|
Sourced from federal housing data and AffordableHousingOnline.com research.
Bay Port, MI 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||10.26%|
|Average Renter Household Size||2.95|
|Average Household Size||2.07|
|Median Household Income||$31,250 ±$10,798|
|Median Rent||$709 ±$213|
|Percentage Of Renters Overburdened||65% ± 84.1pp|
Population and Household Demographics
Bay Port is a city in Huron County, Michigan with a population of 403. There are 195 households in the city with an average household size of 2.07 persons. 10.26% of households in Bay Port are renters.
Income and Rent Overburden in Bay Port
The median gross income for households in Bay Port is $31,250 a year, or $2,604 a month. The median rent for the city is $709 a month.
Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Bay Port, a household making less than $2,363 a month would be considered overburdened when renting an apartment at or above the median rent. 65% of households who rent are overburdened in Bay Port.
Area Median Income In Bay Port
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 Bay Port, the AMI is calculated from all households within Huron County.
In Bay Port, HUD calculates the Area Median Income for a family of four as $61,600
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 Bay Port
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 Bay Port
|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 Bay Port AMI may qualify for rental assistance programs that target Extremely Low Income households.
|50% AMI Income Limits
Renters earning up to 50% of the Bay Port AMI may qualify for rental assistance programs that target Very Low Income households.
|80% AMI Income Limits
Renters earning up to 80% of the Bay Port AMI may qualify for rental assistance programs that target Low Income households.