Affordable Housing In Waterford Township
Waiting List Openings In Waterford Township
|Michigan State Housing Development Authority Housing Choice Voucher||Open Now|
8 Low Income Apartment Communities In Waterford Township
Housing Authorities that serve Waterford Township
|Detroit Housing Commission||Section 8 Housing Choice Voucher (HCV); Public Housing; Homeownership Voucher; Family Self-Sufficiency; Section 8 Project-Based Voucher (PBV); Moderate Rehabilitation; Family Unification Program (FUP)|
|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)|
|Ferndale Housing Commission||Section 8 Housing Choice Voucher (HCV); Public Housing|
|Plymouth Housing Commission||Section 8 Housing Choice Voucher (HCV); Public Housing; Family Self-Sufficiency; Rental Assistance Demonstration (RAD); Family Unification Program (FUP)|
Guide To Affordable Housing in Waterford Township, Michigan
There are 8 low income housing apartment communities offering 1,016 affordable apartments for rent in Waterford Township, Michigan.
Income Based Apartments in Waterford Township, Michigan
Waterford Township features 647 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 Waterford Township, Michigan
There are 369 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Waterford Township.
Housing Choice Vouchers in Waterford Township, Michigan
On average, Section 8 Housing Choice vouchers pay Waterford Township landlords $0 per month towards rent. The average voucher holder contributes $0 towards rent in Waterford Township.
The maximum amount a voucher would pay on behalf of a low-income tenant in Waterford Township, Michigan for a two-bedroom apartment is between $879 and $1,075.
2020 Waterford Township, 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|
|Fair Market Rent||$639||$764||$977||$1,266||$1,376|
|Payment Standard Range||$575 to $703||$688 to $840||$879 to $1,075||$1,139 to $1,393||$1,238 to $1,514|
Sourced from federal housing data and AffordableHousingOnline.com research.
Waterford Township, MI Affordable Housing Snapshot
|Total Affordable Apartment Properties||8|
|Total Low Income Apartments||1,016|
|Total Housing Units with Rental Assistance||647|
|Percentage of Housing Units Occupied By Renters||%|
|Average Renter Household Size||0.00|
|Average Household Size||0.00|
|Median Household Income||$0 ±$0|
|Median Rent||$0 ±$0|
Population and Household Demographics
Waterford Township is a city in Oakland County, Michigan with a population of 0. There are 0 households in the city with an average household size of 0.00 persons. % of households in Waterford Township are renters.
Income and Rent Overburden in Waterford Township
The median gross income for households in Waterford Township is $0 a year, or $0 a month. The median rent for the city is $0 a month.
Area Median Income In Waterford Township
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 Waterford Township, the AMI is calculated from all households within Oakland County.
In Waterford Township, HUD calculates the Area Median Income for a family of four as $78,500
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 Waterford Township
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 Waterford Township
|Income||1 Person||2 Person||3 Person||4 Person||5 Person||6 Person||7 Person||8 Person|
|30% of Median||$16,500||$18,850||$21,720||$26,200||$30,680||$35,160||$39,640||$44,120|
|50% of Median||$27,500||$31,400||$35,350||$39,250||$42,400||$45,550||$48,700||$51,850|
|80% of Median||$44,000||$50,250||$56,550||$62,800||$67,850||$72,850||$77,900||$82,900|