Affordable Housing In Carver County
31 Low Income Apartment Communities In Carver County
Housing Authorities that serve Carver County
|Metropolitan Council Housing and Redevelopment Authority||Section 8 Housing Choice Voucher (HCV); Public Housing|
|Carver County Community Development Agency||Public Housing|
Guide To Affordable Housing in Carver County, Minnesota
There are 31 low income housing apartment communities offering 1,508 affordable apartments for rent in Carver County, Minnesota. Carver County features 414 low income apartments with rental assistance where households typically pay no more than 30% of their income towards rent. Additionally, there are 911 other low income apartments that don't provide direct rental assistance but remain affordable to low income households in Carver County.
Sourced from federal housing data and AffordableHousingOnline.com research.
Carver County, MN Affordable Housing Snapshot
|Total Affordable Apartment Properties||31|
|Total Low Income Apartments||1,508|
|Total Housing Units with Rental Assistance||414|
|Percentage of Housing Units Occupied By Renters||19.66%|
|Average Renter Household Size||2.24|
|Average Household Size||2.76|
|Median Household Income||$86,323 ±$2,160|
|Median Rent||$950 ±$31|
|Percentage Of Renters Overburdened||42.26% ± 4.86pp|
Population and Household Demographics
Carver County is a County in Minnesota with a population of 95,715. There are 34,421 households in the county with an average household size of 2.76 persons. 19.66% of households in Carver County are renters.
Income and Rent Overburden in Carver County
The median gross income for households in Carver County is $86,323 a year, or $7,194 a month. The median rent for the county is $950 a month.
Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Carver County, a household making less than $3,167 a month would be considered overburdened when renting an apartment at or above the median rent. 42.26% of households who rent are overburdened in Carver County.1
Area Median Income In Carver County
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.
In Carver County, HUD calculates the Area Median Income for a family of four as $100,000
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 Carver County
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 Carver County HUD Rental Assistance in Carver County
|Income||1 Person||2 Person||3 Person||4 Person||5 Person||6 Person||7 Person||8 Person|
|30% of Median||$21,000||$24,000||$27,000||$30,000||$32,400||$34,800||$39,010||$43,430|
|50% of Median||$35,000||$40,000||$45,000||$50,000||$54,000||$58,000||$62,000||$66,000|
|80% of Median||$52,850||$60,400||$67,950||$75,500||$81,550||$87,600||$93,650||$99,700|
Fair Market Rents in Carver County
Fair Market Rents, often abbreviated as FMR, can be used to better understand the average housing costs of an area. Notably, Fair Market Rents are used to establish the payment standards for the Housing Choice Voucher Program, maximum rents in HOME financed rental projects and initial rents for Section 8 project based assistance.
2020 Fair Market Rents
|Studio||One BR||Two BR||Three BR||Four BR|
Cities In Carver County
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