Affordable Housing In Hutchinson
7 Low Income Apartment Communities In Hutchinson
Housing Authorities that serve Hutchinson
|Housing and Redevelopment Authority of Hutchinson||Public Housing|
|Kandiyohi County Housing and Redevelopment Authority||Section 8 Housing Choice Voucher (HCV); Public Housing|
|McLeod County Housing and Redevelopment Authority||Section 8 Housing Choice Voucher (HCV)|
Guide To Affordable Housing in Hutchinson, Minnesota
There are 7 low income housing apartment communities offering 230 affordable apartments for rent in Hutchinson, Minnesota.
Income Based Apartments in Hutchinson, Minnesota
Hutchinson features 198 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 Hutchinson, Minnesota
There are 32 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Hutchinson.
Housing Choice Vouchers in Hutchinson, Minnesota
On average, Section 8 Housing Choice vouchers pay Hutchinson landlords $400 per month towards rent. The average voucher holder contributes $400 towards rent in Hutchinson.
The maximum amount a voucher would pay on behalf of a low-income tenant in Hutchinson, Minnesota for a two-bedroom apartment is between $672 and $822.
2021 Hutchinson, 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|
|Hutchinson, Minnesota Fair Market Rent||$493||$567||$747||$1,069||$1,284|
|Hutchinson, Minnesota Payment Standard Range||$444 to $542||$510 to $624||$672 to $822||$962 to $1,176||$1,156 to $1,412|
Sourced from federal housing data and AffordableHousingOnline.com research.
Hutchinson, MN Affordable Housing Snapshot
|Total Affordable Apartment Properties||7|
|Total Low Income Apartments||230|
|Total Housing Units with Rental Assistance||198|
|Percentage of Housing Units Occupied By Renters||33.73%|
|Average Renter Household Size||1.71|
|Average Household Size||2.28|
|Median Household Income||$51,032 ±$2,617|
|Median Rent||$734 ±$52|
|Percentage Of Renters Overburdened||42.47% ± 8.52pp|
Population and Household Demographics
Hutchinson is a city in McLeod County, Minnesota with a population of 13,941. There are 6,024 households in the city with an average household size of 2.28 persons. 33.73% of households in Hutchinson are renters.
Income and Rent Overburden in Hutchinson
The median gross income for households in Hutchinson is $51,032 a year, or $4,253 a month. The median rent for the city is $734 a month.
Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Hutchinson, a household making less than $2,447 a month would be considered overburdened when renting an apartment at or above the median rent. 42.47% of households who rent are overburdened in Hutchinson.
Area Median Income In Hutchinson
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 Hutchinson, the AMI is calculated from all households within McLeod County.
In Hutchinson, HUD calculates the Area Median Income for a family of four as $76,400
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 Hutchinson
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 Hutchinson
|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 Hutchinson AMI may qualify for rental assistance programs that target Extremely Low Income households.
|50% AMI Income Limits
Renters earning up to 50% of the Hutchinson AMI may qualify for rental assistance programs that target Very Low Income households.
|80% AMI Income Limits
Renters earning up to 80% of the Hutchinson AMI may qualify for rental assistance programs that target Low Income households.