Affordable Housing In Elk Ridge
Section 8 Vouchers, Apartments, and Waiting Lists in Elk Ridge, Utah
Public Housing Agencies operate federally assisted affordable housing programs at local levels on behalf of HUD. Notably, housing agencies are responsible for managing Section 8 Housing Choice Voucher, Public Housing, and Project-Based Voucher waiting lists within their jurisdiction.
Households who qualify for these programs may also qualify for Project-Based Section 8, which contributes rental assistance payments directly to private landlords on behalf of low-income tenants. Eligibility for the project-based program is similar to the voucher programs, but waiting list and application policies will vary depending on the landlord.
Public Housing Agencies Serving Elk Ridge, Utah
|Housing Authority of Utah County||Section 8 Housing Choice Voucher (HCV); Public Housing|
Guide To Affordable Housing in Elk Ridge, Utah
There are 0 low income housing apartment communities offering 0 affordable apartments for rent in Elk Ridge, Utah.
Income Based Apartments in Elk Ridge, Utah
Elk Ridge 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 Elk Ridge, Utah
There are 0 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Elk Ridge.
Housing Choice Vouchers in Elk Ridge, Utah
On average, Section 8 Housing Choice vouchers pay Elk Ridge landlords $0 per month towards rent. The average voucher holder contributes $0 towards rent in Elk Ridge.
The maximum amount a voucher would pay on behalf of a low-income tenant in Elk Ridge, Utah for a two-bedroom apartment is between $937 and $1,145.
2022 Elk Ridge, Utah 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|
|Elk Ridge, Utah Fair Market Rent||$880||$914||$1,041||$1,479||$1,782|
|Elk Ridge, Utah Payment Standard Range||$792 to $968||$823 to $1,005||$937 to $1,145||$1,331 to $1,627||$1,604 to $1,960|
Sourced from federal housing data and AffordableHousingOnline.com research.
Elk Ridge, UT 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||4.37%|
|Average Renter Household Size||5.60|
|Average Household Size||4.16|
|Median Household Income||$84,712 ±$5,214|
|Median Rent||$1,828 ±$192|
|Percentage Of Renters Overburdened||50% ± 54.47pp|
Population and Household Demographics
Income and Rent Overburden in Elk Ridge
The median gross income for households in Elk Ridge is $84,712 a year, or $7,059 a month. The median rent for the city is $1,828 a month.
Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Elk Ridge, a household making less than $6,093 a month would be considered overburdened when renting an apartment at or above the median rent. 50% of households who rent are overburdened in Elk Ridge.
Area Median Income In Elk Ridge
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 Elk Ridge, the AMI is calculated from all households within Utah County.
In Elk Ridge, HUD calculates the Area Median Income for a family of four as $83,700
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 Elk Ridge
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 Elk Ridge
|1 Person||2 Person||3 Person||4 Person||5 Person||6 Person||7 Person||8 Person|
|30% AMI Income Limits
Renters earning up to 30% of the Elk Ridge AMI may qualify for rental assistance programs that target Extremely Low Income households.
|50% AMI Income Limits
Renters earning up to 50% of the Elk Ridge AMI may qualify for rental assistance programs that target Very Low Income households.
|80% AMI Income Limits
Renters earning up to 80% of the Elk Ridge AMI may qualify for rental assistance programs that target Low Income households.