Affordable Housing In Mount Kisco
Westchester County, New York

2 Low Income Apartment Communities In Mount Kisco

Pinecrest Manor

1100 Amuso Drive
Mount Kisco, NY
Call For Rent
1-3 BR
Subsidized

Mount Kisco Ha

188 Carpenter Ave
Mount Kisco, NY
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Housing Authorities that serve Mount Kisco

Housing Authority Programs
Mount Kisco Housing Authority Section 8 Housing Choice Voucher (HCV); Public Housing
Village of Mount Kisco Section 8 Housing Choice Voucher (HCV)
Town of Mamaroneck Housing Authority Section 8 Housing Choice Voucher (HCV)
CVR New York Section 8 Housing Choice Voucher (HCV)
White Plains Housing Authority Public Housing

Guide To Affordable Housing in Mount Kisco, New York

According to federal housing data and AffordableHousingOnline.com research, there are 2 low income housing apartment communities offering 207 affordable apartments for rent in Mount Kisco, New York. Mount Kisco features 207 low income apartments with rental assistance where households typically pay no more than 30% of their income towards rent. Additionally, there are 0 other low income apartments that don't provide direct rental assistance but remain affordable to low income households in Mount Kisco.

Mount Kisco, NY Affordable Housing Snapshot

Total Affordable Apartment Properties 2
Total Low Income Apartments 207
Total Housing Units with Rental Assistance 207
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 Kisco is a City in Westchester 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 Kisco are renters.

Income and Rent Overburden in Mount Kisco

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

Area Median Income In Mount Kisco

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 Kisco, the AMI is calculated from all households within Westchester County.

In Mount Kisco, HUD calculates the Area Median Income for a family of four as $120,300

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 Kisco

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 Kisco HUD Rental Assistance in Mount Kisco

Income 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
30% of Median $22,400 $25,600 $28,800 $32,000 $34,600 $37,150 $39,700 $43,430
50% of Median $37,350 $42,700 $48,050 $53,350 $57,650 $61,900 $66,200 $70,450
80% of Median $59,750 $68,300 $76,850 $85,350 $92,200 $99,050 $105,850 $112,700

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 Mount Kisco

Income 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
50% of Median $42,150 $48,150 $54,150 $60,150 $65,000 $69,800 $74,600 $79,400
60% of Median $50,580 $57,780 $64,980 $72,180 $78,000 $83,760 $89,520 $95,280

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 Mount Kisco is $64,980 a year, or $5,415 a month. To determine the maximum rent in the table below we multiply the monthly maximum income, $5,415 by 30% to get a maximum rent of $1,625 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% $1,054 $1,129 $1,354 $1,564 $1,745 $1,925
60% $1,265 $1,355 $1,625 $1,877 $2,094 $2,310
Fair Market Rents in Mount Kisco

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
$1,399 $1,641 $1,975 $2,543 $2,855