Affordable Housing In Bear Creek
2 Low Income Apartment Communities In Bear Creek
Housing Authorities that serve Bear Creek
|Sauk County Housing Authority||Section 8 Housing Choice Voucher (HCV); Public Housing|
|Central Wisconsin Community Action Council Inc||Section 8 Housing Choice Voucher (HCV)|
Guide To Affordable Housing in Bear Creek, Wisconsin
There are 2 low income housing apartment communities offering 17 affordable apartments for rent in Bear Creek, Wisconsin. Bear Creek features 0 low income apartments with rental assistance where households typically pay no more than 30% of their income towards rent. Additionally, there are 17 other low income apartments that don't provide direct rental assistance but remain affordable to low income households in Bear Creek.
Sourced from federal housing data and AffordableHousingOnline.com research.
Bear Creek, WI Affordable Housing Snapshot
|Total Affordable Apartment Properties||2|
|Total Low Income Apartments||17|
|Total Housing Units with Rental Assistance||0|
|Percentage of Housing Units Occupied By Renters||%|
|Average Renter Household Size||0.00|
|Average Household Size||0.00|
|Median Household Income||$0 ±$0|
|Median Rent||$0 ±$0|
Population and Household Demographics
Income and Rent Overburden in Bear Creek
The median gross income for households in Bear Creek is $0 a year, or $0 a month. The median rent for the city is $0 a month.
Area Median Income In Bear Creek
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 Bear Creek, the AMI is calculated from all households within Sauk County.
In Bear Creek, HUD calculates the Area Median Income for a family of four as $70,500
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 Bear Creek
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 Bear Creek HUD Rental Assistance in Bear Creek
|Income||1 Person||2 Person||3 Person||4 Person||5 Person||6 Person||7 Person||8 Person|
|30% of Median||$14,850||$16,950||$21,330||$25,750||$30,170||$34,590||$39,010||$43,430|
|50% of Median||$24,700||$28,200||$31,750||$35,250||$38,100||$40,900||$43,750||$46,550|
|80% of Median||$39,500||$45,150||$50,800||$56,400||$60,950||$65,450||$69,950||$74,450|
Fair Market Rents in Bear Creek
Fair Market Rents, often abbreviated as FMR, can be used to better understand the average housing costs of an area. Notably, Fair Market Rents are used to establish the payment standards for the Housing Choice Voucher Program, maximum rents in HOME financed rental projects and initial rents for Section 8 project based assistance.
2020 Fair Market Rents
|Studio||One BR||Two BR||Three BR||Four BR|