Affordable Housing In Erin Springs
Housing Authorities that serve Erin Springs
|Oklahoma Housing Finance Agency||Section 8 Housing Choice Voucher (HCV)|
Guide To Affordable Housing in Erin Springs, Oklahoma
There are 0 low income housing apartment communities offering 0 affordable apartments for rent in Erin Springs, Oklahoma.
Income Based Apartments in Erin Springs, Oklahoma
Erin Springs 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 Erin Springs, Oklahoma
There are 0 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Erin Springs.
Housing Choice Vouchers in Erin Springs, Oklahoma
On average, Section 8 Housing Choice vouchers pay Erin Springs landlords $0 per month towards rent. The average voucher holder contributes $0 towards rent in Erin Springs.
The maximum amount a voucher would pay on behalf of a low-income tenant in Erin Springs, Oklahoma for a two-bedroom apartment is between $655 and $801.
2021 Erin Springs, Oklahoma 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|
|Erin Springs, Oklahoma Fair Market Rent||$553||$557||$728||$985||$1,208|
|Erin Springs, Oklahoma Payment Standard Range||$498 to $608||$501 to $613||$655 to $801||$887 to $1,084||$1,087 to $1,329|
Sourced from federal housing data and AffordableHousingOnline.com research.
Erin Springs, OK 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||%|
|Average Renter Household Size||0.00|
|Average Household Size||2.36|
|Median Household Income||$0 ±$0|
|Median Rent||$0 ±$0|
Population and Household Demographics
Erin Springs is a city in Garvin County, Oklahoma with a population of 191. There are 81 households in the city with an average household size of 2.36 persons. % of households in Erin Springs are renters.
Income and Rent Overburden in Erin Springs
The median gross income for households in Erin Springs is $0 a year, or $0 a month. The median rent for the city is $0 a month.
Area Median Income In Erin Springs
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 Erin Springs, the AMI is calculated from all households within Garvin County.
In Erin Springs, HUD calculates the Area Median Income for a family of four as $57,400
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 Erin Springs
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 Erin Springs
|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 Erin Springs AMI may qualify for rental assistance programs that target Extremely Low Income households.
|50% AMI Income Limits
Renters earning up to 50% of the Erin Springs AMI may qualify for rental assistance programs that target Very Low Income households.
|80% AMI Income Limits
Renters earning up to 80% of the Erin Springs AMI may qualify for rental assistance programs that target Low Income households.