Affordable Housing In Charlestown
Sullivan County, New Hampshire

6 Low Income Apartment Communities In Charlestown

Tall Pines TP

222 Lover's Ln.
Charlestown, NH
Call For Rent
1-3 BR

Charlestown Green

59 Woodrise Rd
Charlestown, NH
Subsidized

Oakdale CO Eastpoint Propr

29 Woodrise Rd
Charlestown, NH
Subsidized

Charlestown Elderly Housing

107 Lovers Lane Rd
Charlestown, NH
62+
Accessible
Elderly Supportive Housing
Subsidized

Woodrise Apartments CO Eastpoint Prop

117 Woodrise Rd
Charlestown, NH

Lovers Lane

Lovers Ln
Charlestown, NH
HCV Welcome
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Guide To Affordable Housing in Charlestown, New Hampshire

There are 6 low income housing apartment communities offering 68 affordable apartments for rent in Charlestown, New Hampshire. Charlestown features 44 low income apartments with rental assistance where households typically pay no more than 30% of their income towards rent. Additionally, there are 24 other low income apartments that don't provide direct rental assistance but remain affordable to low income households in Charlestown.

Sourced from federal housing data and AffordableHousingOnline.com research.

Charlestown, NH Affordable Housing Snapshot

Total Affordable Apartment Properties 6
Total Low Income Apartments 68
Total Housing Units with Rental Assistance 44
Percentage of Housing Units Occupied By Renters 24.31%
Average Renter Household Size 1.49
Average Household Size 2.56
Median Household Income $0 ±$0
Median Rent $614 ±$456
Percentage Of Renters Overburdened 58.76% ± 51.41pp
Total Population 1,020

Population and Household Demographics

Charlestown is a City in Sullivan County, New Hampshire with a population of 1,020. There are 399 households in the city with an average household size of 2.56 persons. 24.31% of households in Charlestown are renters.

Income and Rent Overburden in Charlestown

The median gross income for households in Charlestown is $0 a year, or $0 a month. The median rent for the city is $614 a month.

Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Charlestown, a household making less than $2,047 a month would be considered overburdened when renting an apartment at or above the median rent. 58.76% of households who rent are overburdened in Charlestown.1

Area Median Income In Charlestown

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 Charlestown, the AMI is calculated from all households within Sullivan County.

In Charlestown, HUD calculates the Area Median Income for a family of four as $73,600

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 Charlestown

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 Charlestown HUD Rental Assistance in Charlestown

Income 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
30% of Median $17,150 $19,600 $22,050 $25,750 $30,170 $34,590 $39,010 $43,430
50% of Median $28,600 $32,650 $36,750 $40,800 $44,100 $47,350 $50,600 $53,900
80% of Median $45,750 $52,250 $58,800 $65,300 $70,550 $75,750 $81,000 $86,200
Low Income Housing Tax Credits in Charlestown

The Low-Income Housing Tax Credit (LIHTC) program aims to create affordable rental housing for low and very low income families.

From 1989 to 1989, 1 low income apartment communities containing 32 rental apartments have been constructed and made affordable to low income persons in Charlestown by the Low Income Housing Tax Credit Program.

If your income is less than 60% of the Area Median Income (AMI), you should not expect to pay more than the rent value for a unit in the table below. However, Affordable apartment communities that receive funding through the Low Income Housing Tax Credit program may have rental units that are not subject to income and rent limits.

Rent limits for the LIHTC Program are determined so that a household making the maximum income for the expected household size of the unit would only pay 30% of their income for rent.

Income Qualifications for Low Income Housing Tax Credit Apartments in Charlestown

Income 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
50% of Median $28,600 $32,650 $36,750 $40,800 $44,100 $47,350 $50,600 $53,900
60% of Median $34,320 $39,180 $44,100 $48,960 $52,920 $56,820 $60,720 $64,680

For example, the expected household size for a two bedroom apartment is 3 people. Using the table above, the maximum income for a 3 person household at 60% of the AMI in Charlestown is $44,100 a year, or $3,675 a month. To determine the maximum rent in the table below we multiply the monthly maximum income, $3,675 by 30% to get a maximum rent of $1,103 a month.

Rent for units in the LIHTC Program include a utility allowance which is determined by the average monthly cost of utilities paid directly by residents. This allowance has not been subtracted from the rents in the table below. These utility allowances are set on a property by property basis.

% of AMI Studio 1 Bed 2 Bed 3 Bed 4 Bed 5 Bed
50% $715 $766 $919 $1,061 $1,184 $1,306
60% $858 $919 $1,103 $1,274 $1,421 $1,568
Fair Market Rents in Charlestown

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
$723 $757 $997 $1,257 $1,657