Affordable Housing In Trout Valley
Housing Authorities that serve Trout Valley
|Western Regional Housing Authority||Section 8 Housing Choice Voucher (HCV); Public Housing|
Guide To Affordable Housing in Trout Valley, New Mexico
There are 0 low income housing apartment communities offering 0 affordable apartments for rent in Trout Valley, New Mexico.
Income Based Apartments in Trout Valley, New Mexico
Trout Valley 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 Trout Valley, New Mexico
There are 0 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Trout Valley.
Housing Choice Vouchers in Trout Valley, New Mexico
On average, Section 8 Housing Choice vouchers pay Trout Valley landlords $0 per month towards rent. The average voucher holder contributes $0 towards rent in Trout Valley.
The maximum amount a voucher would pay on behalf of a low-income tenant in Trout Valley, New Mexico for a two-bedroom apartment is between $725 and $887.
2021 Trout Valley, New Mexico 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|
|Trout Valley, New Mexico Fair Market Rent||$630||$668||$806||$1,071||$1,324|
|Trout Valley, New Mexico Payment Standard Range||$567 to $693||$601 to $735||$725 to $887||$964 to $1,178||$1,192 to $1,456|
Sourced from federal housing data and AffordableHousingOnline.com research.
Trout Valley, NM 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||%|
|Average Renter Household Size||0.00|
|Average Household Size||0.00|
|Median Household Income||$0 ±$0|
|Median Rent||$0 ±$0|
Population and Household Demographics
Trout Valley is a city in Grant County, New Mexico with a population of 0. There are 0 households in the city with an average household size of 0.00 persons. % of households in Trout Valley are renters.
Income and Rent Overburden in Trout Valley
The median gross income for households in Trout Valley is $0 a year, or $0 a month. The median rent for the city is $0 a month.
Area Median Income In Trout Valley
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 Trout Valley, the AMI is calculated from all households within Grant County.
In Trout Valley, HUD calculates the Area Median Income for a family of four as $53,800
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 Trout Valley
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 Trout Valley
|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 Trout Valley AMI may qualify for rental assistance programs that target Extremely Low Income households.
|50% AMI Income Limits
Renters earning up to 50% of the Trout Valley AMI may qualify for rental assistance programs that target Very Low Income households.
|80% AMI Income Limits
Renters earning up to 80% of the Trout Valley AMI may qualify for rental assistance programs that target Low Income households.