Public Housing Agencies Serving Colon, Nebraska

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.

Housing Authority Programs
Fremont Housing Agency Section 8 Housing Choice Voucher (HCV); Public Housing
Go to the Nebraska Public Housing and Low-Income Apartments Waiting Lists page for openings near Colon.

Colon, Nebraska Affordable Housing Data

Income Based Apartments in Colon, Nebraska

Colon features 0 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 Colon, Nebraska

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

Housing Choice Vouchers in Colon, Nebraska

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

The maximum amount a voucher would pay on behalf of a low-income tenant in Colon, Nebraska for a two-bedroom apartment is between $774 and $946.

2023 Colon, Nebraska 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
Colon, Nebraska Fair Market Rent $637 $688 $860 $1,047 $1,309
Colon, Nebraska Payment Standard Range $573 to $701 $619 to $757 $774 to $946 $942 to $1,152 $1,178 to $1,440

Sourced from federal housing data and research.

Colon, NE Affordable Housing Snapshot

Total Affordable Apartment Properties 0
Total Low Income Apartments 0
Total Housing Units with Rental Assistance 0
Percentage of Housing Units Occupied By Renters 26.15%
Average Renter Household Size 3.29
Average Household Size 2.57
Median Household Income $64,792 ±$53,993
Median Rent $475 ±$293
Percentage Of Renters Overburdened 0% ± 105.88pp
Total Population 167

Population and Household Demographics

Colon is a city in Saunders County, Nebraska with a population of 167. There are 65 households in the city with an average household size of 2.57 persons. 26.15% of households in Colon are renters.

Income and Rent Overburden in Colon

The median gross income for households in Colon is $64,792 a year, or $5,399 a month. The median rent for the city is $475 a month.

Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Colon, a household making less than $1,583 a month would be considered overburdened when renting an apartment at or above the median rent. 0% of households who rent are overburdened in Colon.

Area Median Income In Colon

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 Colon, the AMI is calculated from all households within Saunders County.

In Colon, HUD calculates the Area Median Income for a family of four as $105,000

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 Colon

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 Colon

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 Colon AMI may qualify for rental assistance programs that target Extremely Low Income households.
$20,700 $23,650 $26,600 $30,000 $35,140 $40,280 $45,420 $50,560
50% AMI Income Limits
Renters earning up to 50% of the Colon AMI may qualify for rental assistance programs that target Very Low Income households.
$34,500 $39,400 $44,350 $49,250 $53,200 $57,150 $61,100 $65,050
80% AMI Income Limits
Renters earning up to 80% of the Colon AMI may qualify for rental assistance programs that target Low Income households.
$55,200 $63,050 $70,950 $78,800 $85,150 $91,450 $97,750 $104,050