Affordable Housing In Monaca
Beaver County, Pennsylvania

4 Low Income Apartment Communities In Monaca

Spring Run Apartments

1999 Marshall Rd.
Monaca, PA
Call For Rent
1-3 BR
Subsidized

A.C. Edgecomb Apartments

1150 Bechtel St
Monaca, PA
Call For Rent
1 BR

Pmh VI - Todd

270 Todd Ln
Monaca, PA
Accessible
Disabled Supportive Housing
Subsidized

1297 Brodhead Rd.

1297 Brodhead Rd
Monaca, PA
HCV Welcome
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Housing Authorities that serve Monaca

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

Guide To Affordable Housing in Monaca, Pennsylvania

There are 4 low income housing apartment communities offering 371 affordable apartments for rent in Monaca, Pennsylvania. Monaca features 369 low income apartments with rental assistance where households typically pay no more than 30% of their income towards rent. Additionally, there are 2 other low income apartments that don't provide direct rental assistance but remain affordable to low income households in Monaca.

Sourced from federal housing data and AffordableHousingOnline.com research.

Monaca, PA Affordable Housing Snapshot

Total Affordable Apartment Properties 4
Total Low Income Apartments 371
Total Housing Units with Rental Assistance 369
Percentage of Housing Units Occupied By Renters 31.56%
Average Renter Household Size 1.93
Average Household Size 2.22
Median Household Income $41,239 ±$3,039
Median Rent $604 ±$54
Percentage Of Renters Overburdened 53.08% ± 10.21pp
Total Population 5,706

Population and Household Demographics

Monaca is a City in Beaver County, Pennsylvania with a population of 5,706. There are 2,573 households in the city with an average household size of 2.22 persons. 31.56% of households in Monaca are renters.

Income and Rent Overburden in Monaca

The median gross income for households in Monaca is $41,239 a year, or $3,437 a month. The median rent for the city is $604 a month.

Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Monaca, a household making less than $2,013 a month would be considered overburdened when renting an apartment at or above the median rent. 53.08% of households who rent are overburdened in Monaca.1

Area Median Income In Monaca

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 Monaca, the AMI is calculated from all households within Beaver County.

In Monaca, HUD calculates the Area Median Income for a family of four as $79,900

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 Monaca

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 Monaca HUD Rental Assistance in Monaca

Income 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
30% of Median $16,800 $19,200 $21,600 $25,750 $30,170 $34,590 $39,010 $43,430
50% of Median $28,000 $32,000 $36,000 $39,950 $43,150 $46,350 $49,550 $52,750
80% of Median $44,750 $51,150 $57,550 $63,900 $69,050 $74,150 $79,250 $84,350
Low Income Housing Tax Credits in Monaca

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

From 1987 to 1987, 1 low income apartment communities containing 2 rental apartments have been constructed and made affordable to low income persons in Monaca 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 Monaca

Income 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
50% of Median $28,000 $32,000 $36,000 $39,950 $43,150 $46,350 $49,550 $52,750
60% of Median $33,600 $38,400 $43,200 $47,940 $51,780 $55,620 $59,460 $63,300

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 Monaca is $43,200 a year, or $3,600 a month. To determine the maximum rent in the table below we multiply the monthly maximum income, $3,600 by 30% to get a maximum rent of $1,080 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% $700 $750 $900 $1,039 $1,159 $1,279
60% $840 $900 $1,080 $1,247 $1,391 $1,535
Fair Market Rents in Monaca

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
$661 $727 $890 $1,137 $1,248