Affordable Housing In South Fallsburg
2 Low Income Apartment Communities In South Fallsburg
Housing Authorities that serve South Fallsburg
|PathStone||Section 8 Housing Choice Voucher (HCV)|
Guide To Affordable Housing in South Fallsburg, New York
There are 2 low income housing apartment communities offering 26 affordable apartments for rent in South Fallsburg, New York.
Income Based Apartments in South Fallsburg, New York
South Fallsburg 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 South Fallsburg, New York
There are 26 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in South Fallsburg.
Housing Choice Vouchers in South Fallsburg, New York
On average, Section 8 Housing Choice vouchers pay South Fallsburg landlords $900 per month towards rent. The average voucher holder contributes $400 towards rent in South Fallsburg.
The maximum amount a voucher would pay on behalf of a low-income tenant in South Fallsburg, New York for a two-bedroom apartment is between $900 and $1,100.
2020 South Fallsburg, 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||$652||$806||$1,000||$1,259||$1,384|
|Payment Standard Range||$587 to $717||$725 to $887||$900 to $1,100||$1,133 to $1,385||$1,246 to $1,522|
Sourced from federal housing data and AffordableHousingOnline.com research.
South Fallsburg, NY Affordable Housing Snapshot
|Total Affordable Apartment Properties||2|
|Total Low Income Apartments||26|
|Total Housing Units with Rental Assistance||0|
|Percentage of Housing Units Occupied By Renters||71.94%|
|Average Renter Household Size||4.12|
|Average Household Size||3.94|
|Median Household Income||$32,022 ±$9,210|
|Median Rent||$899 ±$125|
|Percentage Of Renters Overburdened||46.44% ± 15.13pp|
Population and Household Demographics
South Fallsburg is a city in Sullivan County, New York with a population of 3,571. There are 898 households in the city with an average household size of 3.94 persons. 71.94% of households in South Fallsburg are renters.
Income and Rent Overburden in South Fallsburg
The median gross income for households in South Fallsburg is $32,022 a year, or $2,669 a month. The median rent for the city is $899 a month.
Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In South Fallsburg, a household making less than $2,997 a month would be considered overburdened when renting an apartment at or above the median rent. 46.44% of households who rent are overburdened in South Fallsburg.
Area Median Income In South Fallsburg
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 South Fallsburg, the AMI is calculated from all households within Sullivan County.
In South Fallsburg, HUD calculates the Area Median Income for a family of four as $75,500
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 South Fallsburg
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 South Fallsburg
|Income||1 Person||2 Person||3 Person||4 Person||5 Person||6 Person||7 Person||8 Person|
|30% of Median||$15,900||$18,150||$21,720||$26,200||$30,680||$35,160||$39,640||$44,120|
|50% of Median||$26,450||$30,200||$34,000||$37,750||$40,800||$43,800||$46,850||$49,850|
|80% of Median||$42,300||$48,350||$54,400||$60,400||$65,250||$70,100||$74,900||$79,750|