Affordable Housing In Belmont
Lafayette County, Wisconsin

3 Low Income Apartment Communities In Belmont

First Capitol Apartments

351 S Mound Ave
Belmont, Wisconsin
Subsidized

Park Street Apartments

102 N Park St
Belmont, Wisconsin
Accepts Vouchers

Park Street Apartments

102 S Park St
Belmont, Wisconsin
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Housing Authorities that serve Belmont

Housing Authority Programs
Lafayette County Housing Authority Section 8 Housing Choice Voucher (HCV); Public Housing

Guide To Affordable Housing in Belmont, Wisconsin

There are 3 low income housing apartment communities offering 32 affordable apartments for rent in Belmont, Wisconsin.

Income Based Apartments in Belmont, Wisconsin

Belmont features 12 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 Belmont, Wisconsin

There are 20 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Belmont.

Housing Choice Vouchers in Belmont, Wisconsin

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

The maximum amount a voucher would pay on behalf of a low-income tenant in Belmont, Wisconsin for a two-bedroom apartment is between $643 and $785.

2020 Belmont, Wisconsin 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
Fair Market Rent $465 $555 $714 $890 $984
Payment Standard Range $419 to $512 $500 to $611 $643 to $785 $801 to $979 $886 to $1,082

Sourced from federal housing data and AffordableHousingOnline.com research.

Belmont, WI Affordable Housing Snapshot

Total Affordable Apartment Properties 3
Total Low Income Apartments 32
Total Housing Units with Rental Assistance 12
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
Total Population 0

Population and Household Demographics

Belmont is a City in Lafayette County, Wisconsin with a population of 0. There are 0 households in the city with an average household size of 0.00 persons. % of households in Belmont are renters.

Income and Rent Overburden in Belmont

The median gross income for households in Belmont is $0 a year, or $0 a month. The median rent for the city is $0 a month.

Area Median Income In Belmont

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 Belmont, the AMI is calculated from all households within Lafayette County.

In Belmont, HUD calculates the Area Median Income for a family of four as $67,900

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 Belmont

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 Belmont

Income 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
30% of Median $14,350 $16,910 $21,330 $25,750 $30,170 $34,590 $39,010 $43,430
50% of Median $23,950 $27,400 $30,800 $34,200 $36,950 $39,700 $42,450 $45,150
80% of Median $38,300 $43,800 $49,250 $54,700 $59,100 $63,500 $67,850 $72,250