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Affordable Housing In Binghamton
Broome County, New York

20 Low Income Apartment Communities In Binghamton

Woodburn Court II

100 Susquehanna St
Binghamton, New York
Call For Rent
1-3 BR
Subsidized

Woodburn Court

21 Exchange St
Binghamton, New York
Call For Rent
1 BR
Subsidized

Lincoln Court Apartments

21 New St
Binghamton, New York
Subsidized
62+
Accessible
Elderly Supportive Housing

Metro Plaza Apartments

110 Chenango Pl
Binghamton, New York
Subsidized
62+
Accessible
Elderly Supportive Housing

Broome County

316 Glenwood Rd
Binghamton, New York
Subsidized
Accessible
Accessible
Disabled Supportive Housing

Town and Country Apartments

100 Roberts St
Binghamton, New York
Subsidized

Home Chdo Ofb

92 Carroll St
Binghamton, New York
Accepts Vouchers

Carlisle Hill

150 Moeller St
Binghamton, New York

North Shore Towers

45 Exchange St
Binghamton, New York

Home Fwac St Cyrils Apartments

St Cyrils School
Binghamton, New York
Accepts Vouchers

Housing Authorities that serve Binghamton

Housing Authority Programs
Binghamton Housing Authority Section 8 Housing Choice Voucher (HCV); Public Housing

Guide To Affordable Housing in Binghamton, New York

There are 20 low income housing apartment communities offering 1,264 affordable apartments for rent in Binghamton, New York.

Income Based Apartments in Binghamton, New York

Binghamton features 1,045 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 Binghamton, New York

There are 219 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Binghamton.

Housing Choice Vouchers in Binghamton, New York

On average, Section 8 Housing Choice vouchers pay Binghamton landlords $0 per month towards rent. The average voucher holder contributes $0 towards rent in Binghamton.

The maximum amount a voucher would pay on behalf of a low-income tenant in Binghamton, New York for a two-bedroom apartment is between $738 and $902.

2020 Binghamton, New York 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
Fair Market Rent $606 $634 $820 $1,070 $1,224
Payment Standard Range $545 to $667 $571 to $697 $738 to $902 $963 to $1,177 $1,102 to $1,346

Sourced from federal housing data and AffordableHousingOnline.com research.

Binghamton, NY Affordable Housing Snapshot

Total Affordable Apartment Properties 20
Total Low Income Apartments 1,264
Total Housing Units with Rental Assistance 1,045
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

Binghamton is a city in Broome County, New York with a population of 0. There are 0 households in the city with an average household size of 0.00 persons. % of households in Binghamton are renters.

Income and Rent Overburden in Binghamton

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

Area Median Income In Binghamton

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 Binghamton, the AMI is calculated from all households within Broome County.

In Binghamton, HUD calculates the Area Median Income for a family of four as $76,900

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 Binghamton

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 Binghamton

Income 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
30% of Median $16,000 $18,300 $21,720 $26,200 $30,680 $35,160 $39,640 $44,120
50% of Median $26,650 $30,450 $34,250 $38,050 $41,100 $44,150 $47,200 $50,250
80% of Median $42,600 $48,700 $54,800 $60,850 $65,750 $70,600 $75,500 $80,350