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Affordable Housing In Cromwell
Clay County, Minnesota

1 Low Income Apartment Communities In Cromwell

Southview Apts (Cromwell)

1221 Highway 73
Cromwell, Minnesota
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Guide To Affordable Housing in Cromwell, Minnesota

There are 1 low income housing apartment communities offering 16 affordable apartments for rent in Cromwell, Minnesota.

Income Based Apartments in Cromwell, Minnesota

Cromwell features 16 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 Cromwell, Minnesota

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

Housing Choice Vouchers in Cromwell, Minnesota

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

The maximum amount a voucher would pay on behalf of a low-income tenant in Cromwell, Minnesota for a two-bedroom apartment is between $751 and $917.

2020 Cromwell, 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 $555 $676 $834 $1,203 $1,464
Payment Standard Range $500 to $611 $608 to $744 $751 to $917 $1,083 to $1,323 $1,318 to $1,610

Sourced from federal housing data and AffordableHousingOnline.com research.

Cromwell, MN Affordable Housing Snapshot

Total Affordable Apartment Properties 1
Total Low Income Apartments 16
Total Housing Units with Rental Assistance 16
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

Cromwell is a city in Clay 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 Cromwell are renters.

Income and Rent Overburden in Cromwell

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

Area Median Income In Cromwell

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 Cromwell, the AMI is calculated from all households within Clay County.

In Cromwell, HUD calculates the Area Median Income for a family of four as $89,400

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 Cromwell

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 Cromwell

Income 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
30% of Median $18,800 $21,450 $24,150 $26,800 $30,680 $35,160 $39,640 $44,120
50% of Median $31,300 $35,800 $40,250 $44,700 $48,300 $51,900 $55,450 $59,050
80% of Median $50,050 $57,200 $64,350 $71,500 $77,250 $82,950 $88,700 $94,400