Spring Valley, New York Affordable Housing

Waiting Lists in Spring Valley, New York

There are no open Section 8 Housing Choice Voucher waiting lists in Spring Valley. Go to the New York Section 8 Waiting Lists page for openings near Spring Valley.

Public Housing Agencies Serving Spring Valley, New York

Public Housing Agencies operate federally assisted affordable housing programs at local levels on behalf of HUD. Notably, housing agencies are responsible for managing Section 8 Housing Choice Voucher, Public Housing, and Project-Based Voucher waiting lists within their jurisdiction.

Spring Valley, New York Affordable Housing Data

Income Based Apartments in Spring Valley, New York

Spring Valley features 514 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 Spring Valley, New York

There are 580 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Spring Valley.

Housing Choice Vouchers in Spring Valley, New York

On average, Section 8 Housing Choice vouchers pay Spring Valley landlords $1,200 per month towards rent. The average voucher holder contributes $500 towards rent in Spring Valley.

The maximum amount a voucher would pay on behalf of a low-income tenant in Spring Valley, New York for a two-bedroom apartment is between $2,206 and $2,696.

2023 Spring Valley, 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.

Sourced from federal housing data and AffordableHousingOnline.com research.

Spring Valley, NY Affordable Housing Snapshot

Population and Household Demographics

Spring Valley is a city in Rockland County, New York with a population of 32,221. There are 8,630 households in the city with an average household size of 3.72 persons. 69.03% of households in Spring Valley are renters.

Income and Rent Overburden in Spring Valley

The median gross income for households in Spring Valley is $45,326 a year, or $3,777 a month. The median rent for the city is $1,204 a month.

Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Spring Valley, a household making less than $4,013 a month would be considered overburdened when renting an apartment at or above the median rent. 61.29% of households who rent are overburdened in Spring Valley.

Area Median Income In Spring Valley

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 Spring Valley, the AMI is calculated from all households within Rockland County.

In Spring Valley, HUD calculates the Area Median Income for a family of four as $122,600

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 Spring Valley

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 Spring Valley