Affordable Housing In Hyde County
Waiting List Openings In Hyde County
5 Low Income Apartment Communities In Hyde County
Section 8 Vouchers, Apartments, and Waiting Lists in Hyde County, North Carolina
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.
Households who qualify for these programs may also qualify for Project-Based Section 8, which contributes rental assistance payments directly to private landlords on behalf of low-income tenants. Eligibility for the project-based program is similar to the voucher programs, but waiting list and application policies will vary depending on the landlord.
Public Housing Agencies Serving Hyde County, North Carolina
|Economic Improvement Council, Inc||Section 8 Housing Choice Voucher (HCV); Family Self-Sufficiency|
Guide To Affordable Housing in Hyde County, North Carolina
There are 5 low income housing apartment communities offering 91 affordable apartments for rent in Hyde County, North Carolina.
Income Based Apartments in Hyde County, North Carolina
Hyde County features 7 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 Hyde County, North Carolina
There are 64 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Hyde County.
Housing Choice Vouchers in Hyde County, North Carolina
On average, Section 8 Housing Choice vouchers pay Hyde County landlords $600 per month towards rent. The average voucher holder contributes $200 towards rent in Hyde County.
The maximum amount a voucher would pay on behalf of a low-income tenant in Hyde County, North Carolina for a two-bedroom apartment is between $665 and $813.
2022 Hyde County, North Carolina 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|
|Hyde County, North Carolina Fair Market Rent||$587||$591||$739||$956||$1,167|
|Hyde County, North Carolina Payment Standard Range||$528 to $646||$532 to $650||$665 to $813||$860 to $1,052||$1,050 to $1,284|
Sourced from federal housing data and AffordableHousingOnline.com research.
Hyde County, NC Affordable Housing Snapshot
|Total Affordable Apartment Properties||5|
|Total Low Income Apartments||91|
|Total Housing Units with Rental Assistance||7|
|Percentage of Housing Units Occupied By Renters||22.29%|
|Average Renter Household Size||2.94|
|Average Household Size||2.44|
|Median Household Income||$42,897 ±$6,334|
|Median Rent||$822 ±$56|
|Percentage Of Renters Overburdened||26.91% ± 15.44pp|
Population and Household Demographics
Hyde County is a county in North Carolina with a population of 5,693. There are 2,050 households in the county with an average household size of 2.44 persons. 22.29% of households in Hyde County are renters.
Income and Rent Overburden in Hyde County
The median gross income for households in Hyde County is $42,897 a year, or $3,575 a month. The median rent for the county is $822 a month.
Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Hyde County, a household making less than $2,740 a month would be considered overburdened when renting an apartment at or above the median rent. 26.91% of households who rent are overburdened in Hyde County.
Area Median Income In Hyde County
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.
In Hyde County, HUD calculates the Area Median Income for a family of four as $49,700
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 Hyde County
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 Hyde County
|1 Person||2 Person||3 Person||4 Person||5 Person||6 Person||7 Person||8 Person|
|30% AMI Income Limits
Renters earning up to 30% of the Hyde County AMI may qualify for rental assistance programs that target Extremely Low Income households.
|50% AMI Income Limits
Renters earning up to 50% of the Hyde County AMI may qualify for rental assistance programs that target Very Low Income households.
|80% AMI Income Limits
Renters earning up to 80% of the Hyde County AMI may qualify for rental assistance programs that target Low Income households.
Cities In Hyde County
Select A City to View its Apartment Communities and Waiting Lists.
|Engelhard||The HUD funded Public Housing Agency that serves Engelhard is the Economic Improvement Council, Inc.|
|Fairfield||The HUD funded Public Housing Agency that serves Fairfield is the Economic Improvement Council, Inc.|
|Ocracoke||The HUD funded Public Housing Agency that serves Ocracoke is the Economic Improvement Council, Inc.|
|Swan Quarter||The HUD funded Public Housing Agency that serves Swan Quarter is the Economic Improvement Council, Inc.|