Affordable Housing In Hi Nella
Housing Authorities that serve Hi Nella
|State of New Jersey Department of Community Affairs||Section 8 Housing Choice Voucher (HCV)|
Guide To Affordable Housing in Hi Nella, New Jersey
There are 0 low income housing apartment communities offering 0 affordable apartments for rent in Hi Nella, New Jersey.
Income Based Apartments in Hi Nella, New Jersey
Hi Nella 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 Hi Nella, New Jersey
There are 0 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Hi Nella.
Housing Choice Vouchers in Hi Nella, New Jersey
On average, Section 8 Housing Choice vouchers pay Hi Nella landlords $0 per month towards rent. The average voucher holder contributes $0 towards rent in Hi Nella.
The maximum amount a voucher would pay on behalf of a low-income tenant in Hi Nella, New Jersey for a two-bedroom apartment is between $1,134 and $1,386.
2021 Hi Nella, New Jersey 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|
|Hi Nella, New Jersey Fair Market Rent||$900||$1,040||$1,260||$1,567||$1,796|
|Hi Nella, New Jersey Payment Standard Range||$810 to $990||$936 to $1,144||$1,134 to $1,386||$1,410 to $1,724||$1,616 to $1,976|
Sourced from federal housing data and AffordableHousingOnline.com research.
Hi Nella, NJ 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||71.67%|
|Average Renter Household Size||2.34|
|Average Household Size||2.35|
|Median Household Income||$47,589 ±$5,139|
|Median Rent||$999 ±$50|
|Percentage Of Renters Overburdened||39.53% ± 10.95pp|
Population and Household Demographics
Hi Nella is a city in Camden County, New Jersey with a population of 831. There are 353 households in the city with an average household size of 2.35 persons. 71.67% of households in Hi Nella are renters.
Income and Rent Overburden in Hi Nella
The median gross income for households in Hi Nella is $47,589 a year, or $3,966 a month. The median rent for the city is $999 a month.
Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Hi Nella, a household making less than $3,330 a month would be considered overburdened when renting an apartment at or above the median rent. 39.53% of households who rent are overburdened in Hi Nella.
Area Median Income In Hi Nella
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 Hi Nella, the AMI is calculated from all households within Camden County.
In Hi Nella, HUD calculates the Area Median Income for a family of four as $94,500
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 Hi Nella
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 Hi Nella
|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 Hi Nella AMI may qualify for rental assistance programs that target Extremely Low Income households.
|50% AMI Income Limits
Renters earning up to 50% of the Hi Nella AMI may qualify for rental assistance programs that target Very Low Income households.
|80% AMI Income Limits
Renters earning up to 80% of the Hi Nella AMI may qualify for rental assistance programs that target Low Income households.