Low Income Apartments In Glen Cove
Nassau County, New York

Low Income Apartments In Glen Cove

There are 3 low income housing apartment complexes which contain 357 affordable apartments for rent in Glen Cove, New York. Many of these rental apartments are income based housing with about 357 apartments that set rent based on your income. Often referred to as "HUD apartments", there are 115 Project-Based Section 8 subsidized apartments in Glen Cove. There are 0 other low income apartments that don't have rental assistance but are still considered to be affordable housing for low income families.

Housing Authorities that serve Glen Cove

Housing Authority	Programs
Glen Cove Public Housing Authority	Public Housing
Glen Cove Community Development Agency	Section 8 Housing Choice Voucher

Guide To Affordable Housing in Glen Cove, New York

Glen Cove, NY Affordable Housing Snapshot

Total Affordable Apartment Properties	3
Total Low Income Apartments	357
Total Rent Assisted Apartments	357
Percentage of Housing Units Occupied By Renters	48.7%
Average Renter Household Size	2.93
Total Population	27,245
Housing Units	9,513
Average Household Size	2.79
Median Household Income	$68,362 ±$4,441
Median Rent	$1,683 ±$77
Percentage Of Renters Overburdened	58.17% ± 7.51pp

Population and Household Demographics

Glen Cove is a City in Nassau County, New York with a population of 27,245. There are 9,513 households in the city with an average household size of 2.79 persons. 48.7% of households in Glen Cove are renters.

Income and Rent Overburden in Glen Cove

The median gross income for households in Glen Cove is $68,362 a year, or $5,697 a month. The median rent for the city is $1,683 a month.

Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Glen Cove, a household making less than $5,610 a month would be considered overburdened when renting an apartment at or above the median rent. 58.17% of households who rent are overburdened in Glen Cove.¹

Area Median Income In Glen Cove

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 Glen Cove, the AMI is calculated from all households within Nassau County.

In Glen Cove, HUD calculates the Area Median Income for a family of four as $116,700

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 Glen Cove

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 Glen Cove HUD Rental Assistance in Glen Cove

Income	1 Person	2 Person	3 Person	4 Person	5 Person	6 Person	7 Person	8 Person
30% of Median	$24,500	$28,000	$31,500	$35,000	$37,800	$40,600	$43,400	$46,200
50% of Median	$40,850	$46,700	$52,550	$58,350	$63,050	$67,700	$72,400	$77,050
80% of Median	$61,350	$70,100	$78,850	$87,600	$94,650	$101,650	$108,650	$115,650

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 Glen Cove

Income	1 Person	2 Person	3 Person	4 Person	5 Person	6 Person	7 Person	8 Person
60% of Median	$49,020	$56,040	$63,060	$70,020	$75,660	$81,240	$86,880	$92,460

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 Glen Cove is $63,060 a year, or $5,255 a month. To determine the maximum rent in the table below we multiply the monthly maximum income, $5,255 by 30% to get a maximum rent of $1,577 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%	$1,021	$1,094	$1,314	$1,518	$1,693	$1,868
60%	$1,226	$1,313	$1,577	$1,821	$2,031	$2,242

Fair Market Rents in Glen Cove

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
$1,240	$1,548	$1,907	$2,460	$2,756