Affordable Housing In Hudson County
New Jersey
165 Low Income Apartment Communities In Hudson County
There are 165 low income housing apartment complexes which contain 19,901 affordable apartments for rent in Hudson County. Many of these rental apartments are income based housing with 15,987 apartments that set rent based on your income. In Hudson County, HUD housing programs support 6,098 rental assistance apartments through programs like Project-based Section 8. There are 3,914 other low income apartments that don't have rental assistance but are cheaper than market rate rents.
Housing Authorities that serve Hudson County
| Housing Authority | Programs |
|---|---|
| State of New Jersey Department of Community Affairs | Section 8 Housing Choice Voucher (HCV) |
Other Housing Authorities located in Hudson County
| Housing Authority | Programs |
|---|---|
| North Bergen Housing Authority | Section 8 Housing Choice Voucher (HCV); Public Housing |
| Jersey City Housing Authority | Section 8 Housing Choice Voucher (HCV); Public Housing; Public Housing Homeownership; Family Self-sufficiency |
| Bayonne Housing Authority | Section 8 Housing Choice Voucher (HCV); Public Housing |
| Hoboken Housing Authority | Section 8 Housing Choice Voucher (HCV); Public Housing |
| Harrison Housing Authority | Public Housing |
| Union City Housing Authority | Section 8 Housing Choice Voucher (HCV); Public Housing |
| West New York Housing Authority | Section 8 Housing Choice Voucher (HCV); Public Housing |
| Guttenberg Housing Authority | Section 8 Housing Choice Voucher (HCV); Public Housing |
| Weehawken Housing Authority | Section 8 Housing Choice Voucher (HCV); Public Housing |
| Secaucus Housing Authority | Section 8 Housing Choice Voucher (HCV); Public Housing |
| Union Township Housing Authority | Section 8 Housing Choice Voucher (HCV) |
| Jersey City Episcopal Cdc | Section 8 Housing Choice Voucher (HCV) |
Guide To Affordable Housing in Hudson County, New Jersey
Hudson County, NJ Affordable Housing Snapshot
| Total Affordable Apartment Properties | 165 |
|---|---|
| Total Low Income Apartments | 19,901 |
| Total Rent Assisted Apartments | 15,987 |
| Percentage of Housing Units Occupied By Renters | 68.71% |
| Average Renter Household Size | 2.57 |
| Total Population | 662,619 |
| Housing Units | 249,584 |
| Average Household Size | 2.63 |
| Median Household Income | $59,741 ±$1,178 |
| Median Rent | $1,214 ±$10 |
| Percentage Of Renters Overburdened | 45.92% ± 1.03pp |
Population and Household Demographics
Hudson County is a County in New Jersey with a population of 662,619. There are 249,584 households in the county with an average household size of 2.63 persons. 68.71% of households in Hudson County are renters.
Income and Rent Overburden in Hudson County
The median gross income for households in Hudson County is $59,741 a year, or $4,978 a month. The median rent for the county is $1,214 a month.
Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Hudson County, a household making less than $4,047 a month would be considered overburdened when renting an apartment at or above the median rent. 45.92% of households who rent are overburdened in Hudson County.1
Area Median Income In Hudson 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 Hudson County, HUD calculates the Area Median Income for a family of four as $70,600
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 Hudson 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 Hudson County HUD Rental Assistance in Hudson County
| Income | 1 Person | 2 Person | 3 Person | 4 Person | 5 Person | 6 Person | 7 Person | 8 Person |
|---|---|---|---|---|---|---|---|---|
| 30% of Median | $19,250 | $22,000 | $24,750 | $27,500 | $30,170 | $34,590 | $39,010 | $43,430 |
| 50% of Median | $32,100 | $36,700 | $41,300 | $45,850 | $49,550 | $53,200 | $56,900 | $60,550 |
| 80% of Median | $51,350 | $58,700 | $66,050 | $73,350 | $79,250 | $85,100 | $91,000 | $96,850 |
Low Income Housing Tax Credits in Hudson County
The Low-Income Housing Tax Credit (LIHTC) program aims to create affordable rental housing for low and very low income families.
From 1993 to 2011, 48 low income apartment communities containing 3,309 rental apartments have been constructed and made affordable to low income persons in Hudson County 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 Hudson County
| Income | 1 Person | 2 Person | 3 Person | 4 Person | 5 Person | 6 Person | 7 Person | 8 Person |
|---|---|---|---|---|---|---|---|---|
| 60% of Median | $38,520 | $44,040 | $49,560 | $55,020 | $59,460 | $63,840 | $68,280 | $72,660 |
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 Hudson County is $49,560 a year, or $4,130 a month. To determine the maximum rent in the table below we multiply the monthly maximum income, $4,130 by 30% to get a maximum rent of $1,239 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% | $803 | $860 | $1,033 | $1,193 | $1,330 | $1,468 |
| 60% | $963 | $1,032 | $1,239 | $1,431 | $1,596 | $1,762 |
Fair Market Rents in Hudson County
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.
2019 Fair Market Rents
| Studio | One BR | Two BR | Three BR | Four BR |
|---|---|---|---|---|
| $1,178 | $1,322 | $1,573 | $1,971 | $2,126 |
Cities In Hudson County
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