Affordable Housing In New Kent County
Virginia

3 Low Income Apartment Communities In New Kent County

Housing Authorities that serve New Kent County

Housing Authority	Programs
Virginia Housing	Section 8 Housing Choice Voucher (HCV)
Central Virginia Resource Corporation - Main	Section 8 Housing Choice Voucher (HCV)
Henrico Area Mental Health and Developmental Services	Section 8 Housing Choice Voucher (HCV)

Guide To Affordable Housing in New Kent County, Virginia

There are 3 low income housing apartment communities offering 152 affordable apartments for rent in New Kent County, Virginia.

Income Based Apartments in New Kent County, Virginia

New Kent County 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 New Kent County, Virginia

There are 152 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in New Kent County.

Housing Choice Vouchers in New Kent County, Virginia

On average, Section 8 Housing Choice vouchers pay New Kent County landlords $0 per month towards rent. The average voucher holder contributes $0 towards rent in New Kent County.

The maximum amount a voucher would pay on behalf of a low-income tenant in New Kent County, Virginia for a two-bedroom apartment is between $1,047 and $1,279.

2021 New Kent County, Virginia 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
New Kent County, Virginia Fair Market Rent	$993	$1,020	$1,163	$1,538	$1,840
New Kent County, Virginia Payment Standard Range	$894 to $1,092	$918 to $1,122	$1,047 to $1,279	$1,384 to $1,692	$1,656 to $2,024

Sourced from federal housing data and AffordableHousingOnline.com research.

New Kent County, VA Affordable Housing Snapshot

Total Affordable Apartment Properties	3
Total Low Income Apartments	152
Total Housing Units with Rental Assistance	0
Percentage of Housing Units Occupied By Renters	14.51%
Average Renter Household Size	2.66
Average Household Size	2.61
Median Household Income	$73,041 ±$6,494
Median Rent	$883 ±$182
Percentage Of Renters Overburdened	27.86% ± 9.8pp
Total Population	19,560

Population and Household Demographics

New Kent County is a county in Virginia with a population of 19,560. There are 7,299 households in the county with an average household size of 2.61 persons. 14.51% of households in New Kent County are renters.

Income and Rent Overburden in New Kent County

The median gross income for households in New Kent County is $73,041 a year, or $6,087 a month. The median rent for the county is $883 a month.

Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In New Kent County, a household making less than $2,943 a month would be considered overburdened when renting an apartment at or above the median rent. 27.86% of households who rent are overburdened in New Kent County.

Area Median Income In New Kent County

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 New Kent County, HUD calculates the Area Median Income for a family of four as $90,000

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 New Kent County

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 New Kent County

	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 New Kent County AMI may qualify for rental assistance programs that target Extremely Low Income households.	$18,900	$21,600	$24,300	$27,000	$31,040	$35,580	$40,120	$44,660
50% AMI Income Limits Renters earning up to 50% of the New Kent County AMI may qualify for rental assistance programs that target Very Low Income households.	$31,500	$36,000	$40,500	$45,000	$48,600	$52,200	$55,800	$59,400
80% AMI Income Limits Renters earning up to 80% of the New Kent County AMI may qualify for rental assistance programs that target Low Income households.	$50,400	$57,600	$64,800	$72,000	$77,800	$83,550	$89,300	$95,050