Affordable Housing In Slope Conty
North Dakota
Guide To Affordable Housing in Slope Conty, North Dakota
There are 0 low income housing apartment communities offering 0 affordable apartments for rent in Slope Conty, North Dakota.
Income Based Apartments in Slope Conty, North Dakota
Slope Conty 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 Slope Conty, North Dakota
There are 0 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Slope Conty.
Housing Choice Vouchers in Slope Conty, North Dakota
On average, Section 8 Housing Choice vouchers pay Slope Conty landlords $0 per month towards rent. The average voucher holder contributes $0 towards rent in Slope Conty.
The maximum amount a voucher would pay on behalf of a low-income tenant in Slope Conty, North Dakota for a two-bedroom apartment is between $704 and $860.
2021 Slope Conty, North Dakota 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 | |
|---|---|---|---|---|---|
| Slope Conty, North Dakota Fair Market Rent | $589 | $593 | $782 | $1,119 | $1,192 |
| Slope Conty, North Dakota Payment Standard Range | $530 to $648 | $534 to $652 | $704 to $860 | $1,007 to $1,231 | $1,073 to $1,311 |
Sourced from federal housing data and AffordableHousingOnline.com research.
Slope Conty, ND 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 | 14.29% |
| Average Renter Household Size | 1.87 |
| Average Household Size | 2.09 |
| Median Household Income | $55,000 ±$9,245 |
| Median Rent | $663 ±$235 |
| Percentage Of Renters Overburdened | 6.52% ± 35.43pp |
| Total Population | 673 |
Population and Household Demographics
Slope Conty is a county in North Dakota with a population of 673. There are 322 households in the county with an average household size of 2.09 persons. 14.29% of households in Slope Conty are renters.
Income and Rent Overburden in Slope Conty
The median gross income for households in Slope Conty is $55,000 a year, or $4,583 a month. The median rent for the county is $663 a month.
Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Slope Conty, a household making less than $2,210 a month would be considered overburdened when renting an apartment at or above the median rent. 6.52% of households who rent are overburdened in Slope Conty.
Area Median Income In Slope Conty
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 Slope Conty, HUD calculates the Area Median Income for a family of four as $79,000
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 Slope Conty
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 Slope Conty
| 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 Slope Conty AMI may qualify for rental assistance programs that target Extremely Low Income households. |
$18,050 | $20,600 | $23,200 | $26,500 | $31,040 | $35,580 | $40,120 | $44,660 |
| 50% AMI Income Limits Renters earning up to 50% of the Slope Conty AMI may qualify for rental assistance programs that target Very Low Income households. |
$30,050 | $34,350 | $38,650 | $42,900 | $46,350 | $49,800 | $53,200 | $56,650 |
| 80% AMI Income Limits Renters earning up to 80% of the Slope Conty AMI may qualify for rental assistance programs that target Low Income households. |
$48,100 | $54,950 | $61,800 | $68,650 | $74,150 | $79,650 | $85,150 | $90,650 |
