Affordable Housing In Spanish Fork
3 Low Income Apartment Communities In Spanish Fork
Housing Authorities that serve Spanish Fork
|Housing Authority of Utah County||Section 8 Housing Choice Voucher (HCV); Public Housing|
Guide To Affordable Housing in Spanish Fork, Utah
There are 3 low income housing apartment communities offering 109 affordable apartments for rent in Spanish Fork, Utah.
Income Based Apartments in Spanish Fork, Utah
Spanish Fork features 41 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 Spanish Fork, Utah
There are 68 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Spanish Fork.
Housing Choice Vouchers in Spanish Fork, Utah
On average, Section 8 Housing Choice vouchers pay Spanish Fork landlords $600 per month towards rent. The average voucher holder contributes $400 towards rent in Spanish Fork.
The maximum amount a voucher would pay on behalf of a low-income tenant in Spanish Fork, Utah for a two-bedroom apartment is between $849 and $1,037.
2021 Spanish Fork, 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|
|Spanish Fork, Utah Fair Market Rent||$776||$827||$943||$1,350||$1,633|
|Spanish Fork, Utah Payment Standard Range||$698 to $854||$744 to $910||$849 to $1,037||$1,215 to $1,485||$1,470 to $1,796|
Sourced from federal housing data and AffordableHousingOnline.com research.
Spanish Fork, UT Affordable Housing Snapshot
|Total Affordable Apartment Properties||3|
|Total Low Income Apartments||109|
|Total Housing Units with Rental Assistance||41|
|Percentage of Housing Units Occupied By Renters||23.92%|
|Average Renter Household Size||3.48|
|Average Household Size||3.75|
|Median Household Income||$65,294 ±$1,770|
|Median Rent||$984 ±$85|
|Percentage Of Renters Overburdened||42.75% ± 7.67pp|
Population and Household Demographics
Spanish Fork is a city in Utah County, Utah with a population of 36,916. There are 9,484 households in the city with an average household size of 3.75 persons. 23.92% of households in Spanish Fork are renters.
Income and Rent Overburden in Spanish Fork
The median gross income for households in Spanish Fork is $65,294 a year, or $5,441 a month. The median rent for the city is $984 a month.
Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Spanish Fork, a household making less than $3,280 a month would be considered overburdened when renting an apartment at or above the median rent. 42.75% of households who rent are overburdened in Spanish Fork.
Area Median Income In Spanish Fork
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 Spanish Fork, the AMI is calculated from all households within Utah County.
In Spanish Fork, 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 Spanish Fork
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 Spanish Fork
|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 Spanish Fork AMI may qualify for rental assistance programs that target Extremely Low Income households.
|50% AMI Income Limits
Renters earning up to 50% of the Spanish Fork AMI may qualify for rental assistance programs that target Very Low Income households.
|80% AMI Income Limits
Renters earning up to 80% of the Spanish Fork AMI may qualify for rental assistance programs that target Low Income households.