Affordable Housing In Nicholson
1 Low Income Apartment Communities In Nicholson
Housing Authorities that serve Nicholson
|Fayette County Housing Authority||Section 8 Housing Choice Voucher (HCV); Public Housing; Homeownership Voucher; Family Self-Sufficiency|
Other Housing Authorities located in Nicholson
|The Wyoming County Housing and Redevelopment Authorities||Section 8 Housing Choice Voucher (HCV); Public Housing|
Guide To Affordable Housing in Nicholson, Pennsylvania
There are 1 low income housing apartment communities offering 24 affordable apartments for rent in Nicholson, Pennsylvania.
Income Based Apartments in Nicholson, Pennsylvania
Nicholson features 24 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 Nicholson, Pennsylvania
There are 0 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Nicholson.
Housing Choice Vouchers in Nicholson, Pennsylvania
On average, Section 8 Housing Choice vouchers pay Nicholson landlords $0 per month towards rent. The average voucher holder contributes $0 towards rent in Nicholson.
The maximum amount a voucher would pay on behalf of a low-income tenant in Nicholson, Pennsylvania for a two-bedroom apartment is between $801 and $979.
2020 Nicholson, 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.
Nicholson, PA Affordable Housing Snapshot
|Total Affordable Apartment Properties||1|
|Total Low Income Apartments||24|
|Total Housing Units with Rental Assistance||24|
|Percentage of Housing Units Occupied By Renters||%|
|Average Renter Household Size||0.00|
|Average Household Size||0.00|
|Median Household Income||$0 ±$0|
|Median Rent||$0 ±$0|
Population and Household Demographics
Nicholson is a City in Fayette County, Pennsylvania with a population of 0. There are 0 households in the city with an average household size of 0.00 persons. % of households in Nicholson are renters.
Income and Rent Overburden in Nicholson
The median gross income for households in Nicholson is $0 a year, or $0 a month. The median rent for the city is $0 a month.
Area Median Income In Nicholson
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 Nicholson, the AMI is calculated from all households within Fayette County.
In Nicholson, 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 Nicholson
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 Nicholson
|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|