Affordable Housing In Grey Forest
Housing Authorities that serve Grey Forest
|Housing Authority of Bexar County||Section 8 Housing Choice Voucher (HCV); Public Housing|
|San Antonio Housing Authority||Section 8 Housing Choice Voucher (HCV); Public Housing; Moving to Work|
Guide To Affordable Housing in Grey Forest, Texas
There are 0 low income housing apartment communities offering 0 affordable apartments for rent in Grey Forest, Texas.
Income Based Apartments in Grey Forest, Texas
Grey Forest features 0 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 Grey Forest, Texas
There are 0 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Grey Forest.
Housing Choice Vouchers in Grey Forest, Texas
On average, Section 8 Housing Choice vouchers pay Grey Forest landlords $0 per month towards rent. The average voucher holder contributes $0 towards rent in Grey Forest.
The maximum amount a voucher would pay on behalf of a low-income tenant in Grey Forest, Texas for a two-bedroom apartment is between $946 and $1,156.
2020 Grey Forest, Texas 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||$702||$851||$1,051||$1,372||$1,691|
|Payment Standard Range||$632 to $772||$766 to $936||$946 to $1,156||$1,235 to $1,509||$1,522 to $1,860|
Sourced from federal housing data and AffordableHousingOnline.com research.
Grey Forest, TX Affordable Housing Snapshot
|Total Affordable Apartment Properties||0|
|Total Low Income Apartments||0|
|Total Housing Units with Rental Assistance||0|
|Percentage of Housing Units Occupied By Renters||30.21%|
|Average Renter Household Size||3.03|
|Average Household Size||2.81|
|Median Household Income||$72,000 ±$34,484|
|Median Rent||$1,104 ±$499|
|Percentage Of Renters Overburdened||31.03% ± 23.88pp|
Population and Household Demographics
Grey Forest is a city in Bexar County, Texas with a population of 540. There are 192 households in the city with an average household size of 2.81 persons. 30.21% of households in Grey Forest are renters.
Income and Rent Overburden in Grey Forest
The median gross income for households in Grey Forest is $72,000 a year, or $6,000 a month. The median rent for the city is $1,104 a month.
Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Grey Forest, a household making less than $3,680 a month would be considered overburdened when renting an apartment at or above the median rent. 31.03% of households who rent are overburdened in Grey Forest.
Area Median Income In Grey Forest
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 Grey Forest, the AMI is calculated from all households within Bexar County.
In Grey Forest, HUD calculates the Area Median Income for a family of four as $72,000
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 Grey Forest
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 Grey Forest
|Income||1 Person||2 Person||3 Person||4 Person||5 Person||6 Person||7 Person||8 Person|
|30% of Median||$15,150||$17,300||$21,720||$26,200||$30,680||$35,160||$39,640||$44,120|
|50% of Median||$25,200||$28,800||$32,400||$36,000||$38,900||$41,800||$44,650||$47,550|
|80% of Median||$40,350||$46,100||$51,850||$57,600||$62,250||$66,850||$71,450||$76,050|