Affordable Housing In Mount Hope
Orange County, New York

1 Low Income Apartment Communities In Mount Hope

Devans Gate

County Rte 11
Mount Hope, NY
Accepts Vouchers
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Housing Authorities that serve Mount Hope

Housing Authority Programs
PathStone Section 8 Housing Choice Voucher (HCV)

Guide To Affordable Housing in Mount Hope, New York

There are 1 low income housing apartment communities offering 24 affordable apartments for rent in Mount Hope, New York. Mount Hope features 0 low income apartments with rental assistance where households typically pay no more than 30% of their income towards rent. Additionally, there are 24 other low income apartments that don't provide direct rental assistance but remain affordable to low income households in Mount Hope.

Sourced from federal housing data and AffordableHousingOnline.com research.

Mount Hope, NY Affordable Housing Snapshot

Total Affordable Apartment Properties 1
Total Low Income Apartments 24
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
Total Population 0

Population and Household Demographics

Mount Hope is a City in Orange 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 Mount Hope are renters.

Income and Rent Overburden in Mount Hope

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

Area Median Income In Mount Hope

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 Mount Hope, the AMI is calculated from all households within Orange County.

In Mount Hope, HUD calculates the Area Median Income for a family of four as $96,600

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 Mount Hope

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 Mount Hope HUD Rental Assistance in Mount Hope

Income 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
30% of Median $20,300 $23,200 $26,100 $29,000 $31,350 $34,590 $39,010 $43,430
50% of Median $33,850 $38,650 $43,500 $48,300 $52,200 $56,050 $59,900 $63,800
80% of Median $52,850 $60,400 $67,950 $75,500 $81,550 $87,600 $93,650 $99,700
Fair Market Rents in Mount Hope

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.

2020 Fair Market Rents
Studio One BR Two BR Three BR Four BR
$1,021 $1,112 $1,397 $1,780 $2,049