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Affordable Housing In Scio
Allegany County, New York

Housing Authorities that serve Scio

Housing Authority Programs
ACCORD Corporation -

Guide To Affordable Housing in Scio, New York

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

Income Based Apartments in Scio, New York

Scio 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 Scio, New York

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

Housing Choice Vouchers in Scio, New York

On average, Section 8 Housing Choice vouchers pay Scio landlords $0 per month towards rent. The average voucher holder contributes $0 towards rent in Scio.

The maximum amount a voucher would pay on behalf of a low-income tenant in Scio, New York for a two-bedroom apartment is between $643 and $785.

2020 Scio, 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
Fair Market Rent $541 $583 $714 $923 $1,099
Payment Standard Range $487 to $595 $525 to $641 $643 to $785 $831 to $1,015 $989 to $1,209

Sourced from federal housing data and research.

Scio, 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 17.39%
Average Renter Household Size 2.03
Average Household Size 2.21
Median Household Income $58,250 ±$5,404
Median Rent $688 ±$379
Percentage Of Renters Overburdened 30% ± 61.67pp
Total Population 508

Population and Household Demographics

Scio is a city in Allegany County, New York with a population of 508. There are 230 households in the city with an average household size of 2.21 persons. 17.39% of households in Scio are renters.

Income and Rent Overburden in Scio

The median gross income for households in Scio is $58,250 a year, or $4,854 a month. The median rent for the city is $688 a month.

Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Scio, a household making less than $2,293 a month would be considered overburdened when renting an apartment at or above the median rent. 30% of households who rent are overburdened in Scio.

Area Median Income In Scio

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 Scio, the AMI is calculated from all households within Allegany County.

In Scio, HUD calculates the Area Median Income for a family of four as $58,700

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 Scio

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 Scio

Income 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
30% of Median $14,150 $17,240 $21,720 $26,200 $30,680 $35,160 $39,640 $44,120
50% of Median $23,550 $26,900 $30,250 $33,600 $36,300 $39,000 $41,700 $44,400
80% of Median $37,650 $43,000 $48,400 $53,750 $58,050 $62,350 $66,650 $70,950