Affordable Housing In St Thomas
2 Low Income Apartment Communities In St Thomas
Guide To Affordable Housing in St Thomas, Virgin Islands
There are 2 low income housing apartment communities offering 380 affordable apartments for rent in St Thomas, Virgin Islands.
Income Based Apartments in St Thomas, Virgin Islands
St Thomas 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 St Thomas, Virgin Islands
There are 80 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in St Thomas.
Housing Choice Vouchers in St Thomas, Virgin Islands
On average, Section 8 Housing Choice vouchers pay St Thomas landlords $0 per month towards rent. The average voucher holder contributes $0 towards rent in St Thomas.
Sourced from federal housing data and AffordableHousingOnline.com research.
Area Median Income In St Thomas
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.
In St Thomas, HUD calculates the Area Median Income for a family of four as $0
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 St Thomas
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.