Affordable Housing In Great Bend
Susquehanna County, Pennsylvania

1 Low Income Apartment Communities In Great Bend

Kime Apartments

321 Main St
Great Bend, PA
62+
Accessible
Elderly Supportive Housing
Subsidized
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Housing Authorities that serve Great Bend

Housing Authority Programs
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. Great Bend features 50 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 Great Bend.

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
Total Population 787

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.1

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 $63,900

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 Great Bend HUD Rental Assistance in Great Bend

Income 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
30% of Median $13,450 $16,910 $21,330 $25,750 $30,170 $34,590 $39,010 $42,200
50% of Median $22,400 $25,600 $28,800 $31,950 $34,550 $37,100 $39,650 $42,200
80% of Median $35,800 $40,900 $46,000 $51,100 $55,200 $59,300 $63,400 $67,500

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 Great Bend

Income 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
50% of Median $22,400 $25,600 $28,800 $31,950 $34,550 $37,100 $39,650 $42,200
60% of Median $26,880 $30,720 $34,560 $38,340 $41,460 $44,520 $47,580 $50,640

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 Great Bend is $34,560 a year, or $2,880 a month. To determine the maximum rent in the table below we multiply the monthly maximum income, $2,880 by 30% to get a maximum rent of $864 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% $560 $600 $720 $831 $928 $1,023
60% $672 $720 $864 $998 $1,113 $1,228
Fair Market Rents in Great Bend

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
$504 $596 $774 $1,014 $1,145