Affordable Housing In Altura
Winona County, Minnesota

Affordable Housing programs support 10 income based apartments in Altura where households pay rent based on how much they earn.

There are 4 affordable apartments in Altura that offer reduced rents to low-income households.

Waiting Lists in Altura, Minnesota

There are no open Section 8 Housing Choice Voucher waiting lists in Altura. Go to the Minnesota Section 8 Waiting Lists page for openings near Altura.

Altura Place Apartments

47 Grandview Dr NW
Altura, Minnesota
Rent Assisted

Altura Comm Ret Homes Inc

13 2nd St NE
Altura, Minnesota
Affordable
Showing Results 1-10
  • «
  • 1
  • »

Affordable Housing Near Altura

View affordable apartments and waiting lists in cities near Altura

City Apartments
Affordable Housing In Lewiston, MN Affordable Housing programs support 2 apartment communities in Lewiston.
Affordable Housing In Rollingstone, MN Affordable Housing programs support 2 apartment communities in Rollingstone.
Affordable Housing In St Charles, MN Affordable Housing programs support 3 apartment communities in St Charles.
Affordable Housing In Winona, MN Affordable Housing programs support 10 apartment communities in Winona.

Public Housing Agencies Serving Altura, Minnesota

Public Housing Agencies operate federally assisted affordable housing programs at local levels on behalf of HUD. Notably, housing agencies are responsible for managing Section 8 Housing Choice Voucher, Public Housing, and Project-Based Voucher waiting lists within their jurisdiction.

Waiting lists for project-based assistance, like the Public Housing program, are open:

Housing Authority Programs
Southeastern Minnesota Multi-County Housing and Redevelopment Authority Section 8 Housing Choice Voucher (HCV); Public Housing
Go to the Minnesota Public Housing and Low-Income Apartments Waiting Lists page for openings near Altura.

Altura, Minnesota Affordable Housing Data

Income Based Apartments in Altura, Minnesota

Altura features 10 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 Altura, Minnesota

There are 4 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Altura.

Housing Choice Vouchers in Altura, Minnesota

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

The maximum amount a voucher would pay on behalf of a low-income tenant in Altura, Minnesota for a two-bedroom apartment is between $805 and $983.

2023 Altura, 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
Altura, Minnesota Fair Market Rent $598 $723 $894 $1,197 $1,298
Altura, Minnesota Payment Standard Range $538 to $658 $651 to $795 $805 to $983 $1,077 to $1,317 $1,168 to $1,428

Sourced from federal housing data and AffordableHousingOnline.com research.

Altura, MN Affordable Housing Snapshot

Total Affordable Apartment Properties 2
Total Low Income Apartments 14
Total Housing Units with Rental Assistance 10
Percentage of Housing Units Occupied By Renters 19.55%
Average Renter Household Size 2.86
Average Household Size 2.65
Median Household Income $63,125 ±$12,761
Median Rent $0 ±$0
Percentage Of Renters Overburdened 14.29% ± 29.33pp
Total Population 474

Population and Household Demographics

Altura is a city in Winona County, Minnesota with a population of 474. There are 179 households in the city with an average household size of 2.65 persons. 19.55% of households in Altura are renters.

Income and Rent Overburden in Altura

The median gross income for households in Altura is $63,125 a year, or $5,260 a month. The median rent for the city is $0 a month.

Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Altura, a household making less than $0 a month would be considered overburdened when renting an apartment at or above the median rent. 14.29% of households who rent are overburdened in Altura.

Area Median Income In Altura

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 Altura, the AMI is calculated from all households within Winona County.

In Altura, HUD calculates the Area Median Income for a family of four as $87,500

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 Altura

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 Altura

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 Altura AMI may qualify for rental assistance programs that target Extremely Low Income households.
$18,350 $21,000 $23,600 $27,750 $32,470 $37,190 $41,910 $46,630
50% AMI Income Limits
Renters earning up to 50% of the Altura AMI may qualify for rental assistance programs that target Very Low Income households.
$30,600 $35,000 $39,350 $43,700 $47,200 $50,700 $54,200 $57,700
80% AMI Income Limits
Renters earning up to 80% of the Altura AMI may qualify for rental assistance programs that target Low Income households.
$48,950 $55,950 $62,950 $69,900 $75,500 $81,100 $86,700 $92,300