Affordable Housing In North Bay Shore
Suffolk County, New York

Housing Authorities that serve North Bay Shore

Housing Authority	Programs
Community Development Corporation of Long Island Inc	Section 8 Housing Choice Voucher (HCV)

Guide To Affordable Housing in North Bay Shore, New York

According to federal housing data and AffordableHousingOnline.com research, there are 0 low income housing apartment communities offering 0 affordable apartments for rent in North Bay Shore, New York. North Bay Shore features 0 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 North Bay Shore.

North Bay Shore, 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	25.74%
Average Renter Household Size	4.17
Average Household Size	4.30
Median Household Income	$81,526 ±$15,760
Median Rent	$1,389 ±$97
Percentage Of Renters Overburdened	59.73% ± 14.31pp
Total Population	20,127

Population and Household Demographics

North Bay Shore is a City in Suffolk County, New York with a population of 20,127. There are 4,669 households in the city with an average household size of 4.30 persons. 25.74% of households in North Bay Shore are renters.

Income and Rent Overburden in North Bay Shore

The median gross income for households in North Bay Shore is $81,526 a year, or $6,794 a month. The median rent for the city is $1,389 a month.

Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In North Bay Shore, a household making less than $4,630 a month would be considered overburdened when renting an apartment at or above the median rent. 59.73% of households who rent are overburdened in North Bay Shore.¹

Area Median Income In North Bay Shore

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 North Bay Shore, the AMI is calculated from all households within Suffolk County.

In North Bay Shore, HUD calculates the Area Median Income for a family of four as $124,000

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 North Bay Shore

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 North Bay Shore HUD Rental Assistance in North Bay Shore

Income	1 Person	2 Person	3 Person	4 Person	5 Person	6 Person	7 Person	8 Person
30% of Median	$26,050	$29,800	$33,500	$37,200	$40,200	$43,200	$46,150	$49,150
50% of Median	$43,400	$49,600	$55,800	$62,000	$67,000	$71,950	$76,900	$81,850
80% of Median	$62,300	$71,200	$80,100	$88,950	$96,100	$103,200	$110,300	$117,450

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 North Bay Shore

Income	1 Person	2 Person	3 Person	4 Person	5 Person	6 Person	7 Person	8 Person
50% of Median	$43,400	$49,600	$55,800	$62,000	$67,000	$71,950	$76,900	$81,850
60% of Median	$52,080	$59,520	$66,960	$74,400	$80,400	$86,340	$92,280	$98,220

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 North Bay Shore is $66,960 a year, or $5,580 a month. To determine the maximum rent in the table below we multiply the monthly maximum income, $5,580 by 30% to get a maximum rent of $1,674 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%	$1,085	$1,163	$1,395	$1,613	$1,799	$1,984
60%	$1,302	$1,395	$1,674	$1,935	$2,159	$2,381

Fair Market Rents in North Bay Shore

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
$1,298	$1,624	$1,992	$2,563	$2,858