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Affordable Housing In Fairchance
Fayette County, Pennsylvania

1 Low Income Apartment Communities In Fairchance

Wynnwood Commons

100 Fair St
Fairchance, Pennsylvania
Subsidized
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Housing Authorities that serve Fairchance

Housing Authority Programs
Fayette County Housing Authority Section 8 Housing Choice Voucher (HCV); Public Housing; Homeownership Voucher; Family Self-Sufficiency

Guide To Affordable Housing in Fairchance, Pennsylvania

There are 1 low income housing apartment communities offering 34 affordable apartments for rent in Fairchance, Pennsylvania.

Income Based Apartments in Fairchance, Pennsylvania

Fairchance features 34 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 Fairchance, Pennsylvania

There are 0 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Fairchance.

Housing Choice Vouchers in Fairchance, Pennsylvania

On average, Section 8 Housing Choice vouchers pay Fairchance landlords $500 per month towards rent. The average voucher holder contributes $300 towards rent in Fairchance.

The maximum amount a voucher would pay on behalf of a low-income tenant in Fairchance, Pennsylvania for a two-bedroom apartment is between $801 and $979.

2020 Fairchance, Pennsylvania 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
Fair Market Rent $661 $727 $890 $1,137 $1,248
Payment Standard Range $595 to $727 $654 to $800 $801 to $979 $1,023 to $1,251 $1,123 to $1,373

Sourced from federal housing data and AffordableHousingOnline.com research.

Fairchance, PA Affordable Housing Snapshot

Total Affordable Apartment Properties 1
Total Low Income Apartments 34
Total Housing Units with Rental Assistance 34
Percentage of Housing Units Occupied By Renters 31.69%
Average Renter Household Size 2.35
Average Household Size 2.54
Median Household Income $39,327 ±$5,673
Median Rent $649 ±$103
Percentage Of Renters Overburdened 46.67% ± 13.77pp
Total Population 1,820

Population and Household Demographics

Fairchance is a city in Fayette County, Pennsylvania with a population of 1,820. There are 710 households in the city with an average household size of 2.54 persons. 31.69% of households in Fairchance are renters.

Income and Rent Overburden in Fairchance

The median gross income for households in Fairchance is $39,327 a year, or $3,277 a month. The median rent for the city is $649 a month.

Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Fairchance, a household making less than $2,163 a month would be considered overburdened when renting an apartment at or above the median rent. 46.67% of households who rent are overburdened in Fairchance.

Area Median Income In Fairchance

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 Fairchance, the AMI is calculated from all households within Fayette County.

In Fairchance, HUD calculates the Area Median Income for a family of four as $83,000

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 Fairchance

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 Fairchance

Income 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
30% of Median $17,450 $19,950 $22,450 $26,200 $30,680 $35,160 $39,640 $44,120
50% of Median $29,050 $33,200 $37,350 $41,500 $44,850 $48,150 $51,500 $54,800
80% of Median $46,500 $53,150 $59,800 $66,400 $71,750 $77,050 $82,350 $87,650