Affordable Housing In Towanda
3 Low Income Apartment Communities In Towanda
Housing Authorities that serve Towanda
|Bradford County Housing Authority||Section 8 Housing Choice Voucher (HCV); Public Housing|
|Tioga County Housing Authority||Section 8 Housing Choice Voucher (HCV); Public Housing|
Guide To Affordable Housing in Towanda, Pennsylvania
There are 3 low income housing apartment communities offering 102 affordable apartments for rent in Towanda, Pennsylvania.
Income Based Apartments in Towanda, Pennsylvania
Towanda 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 Towanda, Pennsylvania
There are 78 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Towanda.
Housing Choice Vouchers in Towanda, Pennsylvania
On average, Section 8 Housing Choice vouchers pay Towanda landlords $0 per month towards rent. The average voucher holder contributes $0 towards rent in Towanda.
The maximum amount a voucher would pay on behalf of a low-income tenant in Towanda, Pennsylvania for a two-bedroom apartment is between $685 and $837.
2020 Towanda, 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||$581||$584||$761||$1,060||$1,128|
|Payment Standard Range||$523 to $639||$526 to $642||$685 to $837||$954 to $1,166||$1,015 to $1,241|
Sourced from federal housing data and AffordableHousingOnline.com research.
Towanda, PA Affordable Housing Snapshot
|Total Affordable Apartment Properties||3|
|Total Low Income Apartments||102|
|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
Income and Rent Overburden in Towanda
The median gross income for households in Towanda is $0 a year, or $0 a month. The median rent for the city is $0 a month.
Area Median Income In Towanda
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 Towanda, the AMI is calculated from all households within Bradford County.
In Towanda, HUD calculates the Area Median Income for a family of four as $67,100
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 Towanda
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 Towanda
|Income||1 Person||2 Person||3 Person||4 Person||5 Person||6 Person||7 Person||8 Person|
|30% of Median||$14,150||$17,240||$21,720||$26,200||$30,680||$35,160||$39,640||$44,120|
|50% of Median||$23,500||$26,850||$30,200||$33,550||$36,250||$38,950||$41,650||$44,300|
|80% of Median||$37,600||$43,000||$48,350||$53,700||$58,000||$62,300||$66,600||$70,900|