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Affordable Housing In Albert Leaship
Freeborn County, Minnesota

Guide To Affordable Housing in Albert Leaship, Minnesota

There are 0 low income housing apartment communities offering 0 affordable apartments for rent in Albert Leaship, Minnesota.

Income Based Apartments in Albert Leaship, Minnesota

Albert Leaship 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 Albert Leaship, Minnesota

There are 0 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Albert Leaship.

Housing Choice Vouchers in Albert Leaship, Minnesota

On average, Section 8 Housing Choice vouchers pay Albert Leaship landlords $0 per month towards rent. The average voucher holder contributes $0 towards rent in Albert Leaship.

The maximum amount a voucher would pay on behalf of a low-income tenant in Albert Leaship, Minnesota for a two-bedroom apartment is between $663 and $811.

2020 Albert Leaship, Minnesota 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 $480 $560 $737 $931 $1,143
Payment Standard Range $432 to $528 $504 to $616 $663 to $811 $838 to $1,024 $1,029 to $1,257

Sourced from federal housing data and AffordableHousingOnline.com research.

Albert Leaship, MN 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 %
Average Renter Household Size 0.00
Average Household Size 0.00
Median Household Income $0 ±$0
Median Rent $0 ±$0
Total Population 0

Population and Household Demographics

Albert Leaship is a city in Freeborn County, Minnesota with a population of 0. There are 0 households in the city with an average household size of 0.00 persons. % of households in Albert Leaship are renters.

Income and Rent Overburden in Albert Leaship

The median gross income for households in Albert Leaship is $0 a year, or $0 a month. The median rent for the city is $0 a month.

Area Median Income In Albert Leaship

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 Albert Leaship, the AMI is calculated from all households within Freeborn County.

In Albert Leaship, HUD calculates the Area Median Income for a family of four as $66,000

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 Albert Leaship

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 Albert Leaship

Income 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
30% of Median $15,300 $17,450 $21,720 $26,200 $30,680 $35,160 $39,640 $44,120
50% of Median $25,450 $29,050 $32,700 $36,300 $39,250 $42,150 $45,050 $47,950
80% of Median $40,700 $46,500 $52,300 $58,100 $62,750 $67,400 $72,050 $76,700