Affordable Housing In Howell
Monmouth County, New Jersey

5 Low Income Apartment Communities In Howell

Friendship Gardens

100 Friendship Gardens
Howell, NJ
62+
Accessible
Elderly Supportive Housing
Subsidized

Monmouth Homes 2002

506 Aldrich Rd
Howell, NJ
Accessible
Disabled Supportive Housing
Subsidized

Howell Township Senior Citizens Housing

720 Rt
Howell, NJ
62+
Accessible
Elderly Supportive Housing
Subsidized

Community Options Eleanor

74 Scenic Dr
Howell, NJ
Accessible
Disabled Supportive Housing
Subsidized

Tinton Woods

1086 Maxim Southard Rd
Howell, NJ
Accessible
Disabled Supportive Housing
Subsidized
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Housing Authorities that serve Howell

Housing Authority Programs
Monmouth County Public Housing Agency Section 8 Housing Choice Voucher (HCV)
State of New Jersey Department of Community Affairs Section 8 Housing Choice Voucher (HCV)

Guide To Affordable Housing in Howell, New Jersey

According to federal housing data and AffordableHousingOnline.com research, there are 5 low income housing apartment communities offering 206 affordable apartments for rent in Howell, New Jersey. Howell features 206 low income apartments with rental assistance where households typically pay no more than 30% of their income towards rent. Additionally, there are 0 other low income apartments that don't provide direct rental assistance but remain affordable to low income households in Howell.

Howell, NJ Affordable Housing Snapshot

Total Affordable Apartment Properties 5
Total Low Income Apartments 206
Total Housing Units with Rental Assistance 206
Percentage of Housing Units Occupied By Renters %
Average Renter Household Size 0.00
Average Household Size 0.00
Median Household Income $0 ±$0
Median Rent $0 ±$0
Total Population 0

Population and Household Demographics

Howell is a City in Monmouth County, New Jersey with a population of 0. There are 0 households in the city with an average household size of 0.00 persons. % of households in Howell are renters.

Income and Rent Overburden in Howell

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

Area Median Income In Howell

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 Howell, the AMI is calculated from all households within Monmouth County.

In Howell, HUD calculates the Area Median Income for a family of four as $102,300

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 Howell

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 Howell HUD Rental Assistance in Howell

Income 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
30% of Median $21,500 $24,600 $27,650 $30,700 $33,200 $35,650 $39,010 $43,430
50% of Median $35,850 $40,950 $46,050 $51,150 $55,250 $59,350 $63,450 $67,550
80% of Median $52,850 $60,400 $67,950 $75,500 $81,550 $87,600 $93,650 $99,700
Low Income Housing Tax Credits in Howell

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

From 2005 to 2005, 1 low income apartment communities containing 100 rental apartments have been constructed and made affordable to low income persons in Howell 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 Howell

Income 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
50% of Median $35,850 $40,950 $46,050 $51,150 $55,250 $59,350 $63,450 $67,550
60% of Median $43,020 $49,140 $55,260 $61,380 $66,300 $71,220 $76,140 $81,060

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 Howell is $55,260 a year, or $4,605 a month. To determine the maximum rent in the table below we multiply the monthly maximum income, $4,605 by 30% to get a maximum rent of $1,382 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% $896 $960 $1,151 $1,330 $1,484 $1,638
60% $1,076 $1,152 $1,382 $1,596 $1,781 $1,965
Fair Market Rents in Howell

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
$1,088 $1,270 $1,639 $2,251 $2,523