Affordable Housing In Great Bend
1 Low Income Apartment Communities In Great Bend
Housing Authorities that serve Great Bend
|Susquehanna County Housing and Redevelopment Authority||Section 8 Housing Choice Voucher (HCV); Public Housing|
Guide To Affordable Housing in Great Bend, Pennsylvania
There are 1 low income housing apartment communities offering 50 affordable apartments for rent in Great Bend, Pennsylvania.
Income Based Apartments in Great Bend, Pennsylvania
Great Bend features 50 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 Great Bend, Pennsylvania
There are 0 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Great Bend.
Housing Choice Vouchers in Great Bend, Pennsylvania
On average, Section 8 Housing Choice vouchers pay Great Bend landlords $400 per month towards rent. The average voucher holder contributes $300 towards rent in Great Bend.
The maximum amount a voucher would pay on behalf of a low-income tenant in Great Bend, Pennsylvania for a two-bedroom apartment is between $703 and $859.
2021 Great Bend, 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|
|Great Bend, Pennsylvania Fair Market Rent||$515||$600||$781||$1,023||$1,159|
|Great Bend, Pennsylvania Payment Standard Range||$464 to $567||$540 to $660||$703 to $859||$921 to $1,125||$1,043 to $1,275|
Sourced from federal housing data and AffordableHousingOnline.com research.
Great Bend, PA Affordable Housing Snapshot
|Total Affordable Apartment Properties||1|
|Total Low Income Apartments||50|
|Total Housing Units with Rental Assistance||50|
|Percentage of Housing Units Occupied By Renters||43.54%|
|Average Renter Household Size||1.78|
|Average Household Size||2.21|
|Median Household Income||$32,500 ±$5,191|
|Median Rent||$612 ±$79|
|Percentage Of Renters Overburdened||43.87% ± 14.56pp|
Population and Household Demographics
Great Bend is a city in Susquehanna County, Pennsylvania with a population of 787. There are 356 households in the city with an average household size of 2.21 persons. 43.54% of households in Great Bend are renters.
Income and Rent Overburden in Great Bend
The median gross income for households in Great Bend is $32,500 a year, or $2,708 a month. The median rent for the city is $612 a month.
Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Great Bend, a household making less than $2,040 a month would be considered overburdened when renting an apartment at or above the median rent. 43.87% of households who rent are overburdened in Great Bend.
Area Median Income In Great Bend
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 Great Bend, the AMI is calculated from all households within Susquehanna County.
In Great Bend, HUD calculates the Area Median Income for a family of four as $66,700
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 Great Bend
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 Great Bend
|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 Great Bend AMI may qualify for rental assistance programs that target Extremely Low Income households.
|50% AMI Income Limits
Renters earning up to 50% of the Great Bend AMI may qualify for rental assistance programs that target Very Low Income households.
|80% AMI Income Limits
Renters earning up to 80% of the Great Bend AMI may qualify for rental assistance programs that target Low Income households.