Affordable Housing In Swift County
5 Low Income Apartment Communities In Swift County
Housing Authorities that serve Swift County
|Swift County HRA||Section 8 Housing Choice Voucher (HCV)|
Other Housing Authorities located in Swift County
|Housing and Redevelopment Authority of Benson||Public Housing|
Guide To Affordable Housing in Swift County, Minnesota
There are 5 low income housing apartment communities offering 250 affordable apartments for rent in Swift County, Minnesota.
Income Based Apartments in Swift County, Minnesota
Swift County features 226 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 Swift County, Minnesota
There are 24 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Swift County.
Housing Choice Vouchers in Swift County, Minnesota
On average, Section 8 Housing Choice vouchers pay Swift County landlords $400 per month towards rent. The average voucher holder contributes $300 towards rent in Swift County.
The maximum amount a voucher would pay on behalf of a low-income tenant in Swift County, Minnesota for a two-bedroom apartment is between $643 and $785.
2020 Swift County, 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||$548||$552||$714||$973||$1,042|
|Payment Standard Range||$493 to $603||$497 to $607||$643 to $785||$876 to $1,070||$938 to $1,146|
Sourced from federal housing data and AffordableHousingOnline.com research.
Swift County, MN Affordable Housing Snapshot
|Total Affordable Apartment Properties||5|
|Total Low Income Apartments||250|
|Total Housing Units with Rental Assistance||226|
|Percentage of Housing Units Occupied By Renters||26.61%|
|Average Renter Household Size||2.00|
|Average Household Size||2.21|
|Median Household Income||$49,035 ±$3,973|
|Median Rent||$579 ±$69|
|Percentage Of Renters Overburdened||35.52% ± 6.94pp|
Population and Household Demographics
Swift County is a County in Minnesota with a population of 9,525. There are 4,231 households in the county with an average household size of 2.21 persons. 26.61% of households in Swift County are renters.
Income and Rent Overburden in Swift County
The median gross income for households in Swift County is $49,035 a year, or $4,086 a month. The median rent for the county is $579 a month.
Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Swift County, a household making less than $1,930 a month would be considered overburdened when renting an apartment at or above the median rent. 35.52% of households who rent are overburdened in Swift County.1
Area Median Income In Swift 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 Swift County, HUD calculates the Area Median Income for a family of four as $65,300
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 Swift 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 Swift County HUD Rental Assistance in Swift County
|Income||1 Person||2 Person||3 Person||4 Person||5 Person||6 Person||7 Person||8 Person|
|30% of Median||$15,200||$17,400||$21,330||$25,750||$30,170||$34,590||$39,010||$43,430|
|50% of Median||$25,350||$29,000||$32,600||$36,200||$39,100||$42,000||$44,900||$47,800|
|80% of Median||$40,550||$46,350||$52,150||$57,900||$62,550||$67,200||$71,800||$76,450|
Cities In Swift County
Select A City to View its Apartment Communities and Waiting Lists.
|Appleton||1||The HUD funded Public Housing Agency that serves Appleton is the Swift County HRA.|
|Benson||4||The HUD funded Public Housing Agencies that serve Benson are the Housing and Redevelopment Authority of Benson and Swift County HRA.|
|Kerkhoven||0||The HUD funded Public Housing Agency that serves Kerkhoven is the Swift County HRA.|
|Holloway||0||The HUD funded Public Housing Agency that serves Holloway is the Swift County HRA.|
|Six Mile Grove||0|