Affordable Housing In Lake Carmel
Putnam County, New York

Section 8 Vouchers, Apartments, and Waiting Lists in Lake Carmel, New York

Public Housing Agencies operate federally assisted affordable housing programs at local levels on behalf of HUD. Notably, housing agencies are responsible for managing Section 8 Housing Choice Voucher, Public Housing, and Project-Based Voucher waiting lists within their jurisdiction.

Households who qualify for these programs may also qualify for Project-Based Section 8, which contributes rental assistance payments directly to private landlords on behalf of low-income tenants. Eligibility for the project-based program is similar to the voucher programs, but waiting list and application policies will vary depending on the landlord.

Public Housing Agencies Serving Lake Carmel, New York

Housing Authority Programs
Putnam County Housing Corporation -

Guide To Affordable Housing in Lake Carmel, New York

There are 0 low income housing apartment communities offering 0 affordable apartments for rent in Lake Carmel, New York.

Income Based Apartments in Lake Carmel, New York

Lake Carmel 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 Lake Carmel, New York

There are 0 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Lake Carmel.

Housing Choice Vouchers in Lake Carmel, New York

On average, Section 8 Housing Choice vouchers pay Lake Carmel landlords $900 per month towards rent. The average voucher holder contributes $400 towards rent in Lake Carmel.

The maximum amount a voucher would pay on behalf of a low-income tenant in Lake Carmel, New York for a two-bedroom apartment is between $1,823 and $2,229.

2022 Lake Carmel, 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
Lake Carmel, New York Fair Market Rent $1,747 $1,778 $2,026 $2,556 $2,747
Lake Carmel, New York Payment Standard Range $1,572 to $1,922 $1,600 to $1,956 $1,823 to $2,229 $2,300 to $2,812 $2,472 to $3,022

Sourced from federal housing data and research.

Lake Carmel, NY 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 12.41%
Average Renter Household Size 3.15
Average Household Size 2.84
Median Household Income $86,705 ±$5,194
Median Rent $1,438 ±$212
Percentage Of Renters Overburdened 29.01% ± 9.94pp
Total Population 8,294

Population and Household Demographics

Lake Carmel is a city in Putnam County, New York with a population of 8,294. There are 2,918 households in the city with an average household size of 2.84 persons. 12.41% of households in Lake Carmel are renters.

Income and Rent Overburden in Lake Carmel

The median gross income for households in Lake Carmel is $86,705 a year, or $7,225 a month. The median rent for the city is $1,438 a month.

Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Lake Carmel, a household making less than $4,793 a month would be considered overburdened when renting an apartment at or above the median rent. 29.01% of households who rent are overburdened in Lake Carmel.

Area Median Income In Lake Carmel

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 Lake Carmel, the AMI is calculated from all households within Putnam County.

In Lake Carmel, HUD calculates the Area Median Income for a family of four as $81,700

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 Lake Carmel

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 Lake Carmel

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 Lake Carmel AMI may qualify for rental assistance programs that target Extremely Low Income households.
$25,100 $28,650 $32,250 $35,800 $38,700 $41,550 $44,400 $47,300
50% AMI Income Limits
Renters earning up to 50% of the Lake Carmel AMI may qualify for rental assistance programs that target Very Low Income households.
$41,800 $47,750 $53,700 $59,650 $64,450 $69,200 $74,000 $78,750
80% AMI Income Limits
Renters earning up to 80% of the Lake Carmel AMI may qualify for rental assistance programs that target Low Income households.
$66,850 $76,400 $85,950 $95,450 $103,100 $110,750 $118,400 $126,000