Affordable Housing In Clarks Summit
Lackawanna County, Pennsylvania

2 Low Income Apartment Communities In Clarks Summit

Bedford Towers

400 Bedford St
Clarks Summit, PA
Call For Rent
1-2 BR
62+
Accessible
Elderly Supportive Housing
Subsidized

Linden Crest

100 Linden St
Clarks Summit, PA
Call For Rent
1-2 BR
62+
Accessible
Elderly Supportive Housing
Subsidized
  • «
  • 1
  • »

Housing Authorities that serve Clarks Summit

Housing Authority Programs
Housing Authority of the County of Lackawanna Section 8 Housing Choice Voucher (HCV); Public Housing

Guide To Affordable Housing in Clarks Summit, Pennsylvania

There are 2 low income housing apartment communities offering 196 affordable apartments for rent in Clarks Summit, Pennsylvania. Clarks Summit features 196 low income apartments with rental assistance where households typically pay no more than 30% of their income towards rent. Additionally, there are 0 other low income apartments that don't provide direct rental assistance but remain affordable to low income households in Clarks Summit.

Sourced from federal housing data and AffordableHousingOnline.com research.

Clarks Summit, PA Affordable Housing Snapshot

Total Affordable Apartment Properties 2
Total Low Income Apartments 196
Total Housing Units with Rental Assistance 196
Percentage of Housing Units Occupied By Renters 23.31%
Average Renter Household Size 1.67
Average Household Size 2.16
Median Household Income $63,125 ±$22,266
Median Rent $897 ±$235
Percentage Of Renters Overburdened 42.05% ± 12.47pp
Total Population 5,067

Population and Household Demographics

Clarks Summit is a City in Lackawanna County, Pennsylvania with a population of 5,067. There are 2,347 households in the city with an average household size of 2.16 persons. 23.31% of households in Clarks Summit are renters.

Income and Rent Overburden in Clarks Summit

The median gross income for households in Clarks Summit is $63,125 a year, or $5,260 a month. The median rent for the city is $897 a month.

Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Clarks Summit, a household making less than $2,990 a month would be considered overburdened when renting an apartment at or above the median rent. 42.05% of households who rent are overburdened in Clarks Summit.1

Area Median Income In Clarks Summit

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 Clarks Summit, the AMI is calculated from all households within Lackawanna County.

In Clarks Summit, HUD calculates the Area Median Income for a family of four as $67,000

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 Clarks Summit

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 Clarks Summit HUD Rental Assistance in Clarks Summit

Income 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
30% of Median $14,100 $16,910 $21,330 $25,750 $30,170 $34,590 $39,010 $43,430
50% of Median $23,450 $26,800 $30,150 $33,500 $36,200 $38,900 $41,550 $44,250
80% of Median $37,550 $42,900 $48,250 $53,600 $57,900 $62,200 $66,500 $70,800
Low Income Housing Tax Credits in Clarks Summit

The Low-Income Housing Tax Credit (LIHTC) program aims to create affordable rental housing for low and very low income families.

From 2011 to 2011, 1 low income apartment communities containing 114 rental apartments have been constructed and made affordable to low income persons in Clarks Summit by the Low Income Housing Tax Credit Program.

If your income is less than 60% of the Area Median Income (AMI), you should not expect to pay more than the rent value for a unit in the table below. However, Affordable apartment communities that receive funding through the Low Income Housing Tax Credit program may have rental units that are not subject to income and rent limits.

Rent limits for the LIHTC Program are determined so that a household making the maximum income for the expected household size of the unit would only pay 30% of their income for rent.

Income Qualifications for Low Income Housing Tax Credit Apartments in Clarks Summit

Income 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
50% of Median $23,450 $26,800 $30,150 $33,500 $36,200 $38,900 $41,550 $44,250
60% of Median $28,140 $32,160 $36,180 $40,200 $43,440 $46,680 $49,860 $53,100

For example, the expected household size for a two bedroom apartment is 3 people. Using the table above, the maximum income for a 3 person household at 60% of the AMI in Clarks Summit is $36,180 a year, or $3,015 a month. To determine the maximum rent in the table below we multiply the monthly maximum income, $3,015 by 30% to get a maximum rent of $905 a month.

Rent for units in the LIHTC Program include a utility allowance which is determined by the average monthly cost of utilities paid directly by residents. This allowance has not been subtracted from the rents in the table below. These utility allowances are set on a property by property basis.

% of AMI Studio 1 Bed 2 Bed 3 Bed 4 Bed 5 Bed
50% $586 $628 $754 $871 $973 $1,073
60% $704 $754 $905 $1,046 $1,167 $1,287
Fair Market Rents in Clarks Summit

Fair Market Rents, often abbreviated as FMR, can be used to better understand the average housing costs of an area. Notably, Fair Market Rents are used to establish the payment standards for the Housing Choice Voucher Program, maximum rents in HOME financed rental projects and initial rents for Section 8 project based assistance.

2020 Fair Market Rents
Studio One BR Two BR Three BR Four BR
$566 $657 $803 $1,040 $1,109