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Affordable Housing In Butternut
Ashland County, Wisconsin

2 Low Income Apartment Communities In Butternut

Chequamegon Apartments

100 N 5th St
Butternut, Wisconsin

Ashland Co

237 E Main St
Butternut, Wisconsin
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Housing Authorities that serve Butternut

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

Guide To Affordable Housing in Butternut, Wisconsin

There are 2 low income housing apartment communities offering 48 affordable apartments for rent in Butternut, Wisconsin.

Income Based Apartments in Butternut, Wisconsin

Butternut features 48 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 Butternut, Wisconsin

There are 0 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Butternut.

Housing Choice Vouchers in Butternut, Wisconsin

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

The maximum amount a voucher would pay on behalf of a low-income tenant in Butternut, Wisconsin for a two-bedroom apartment is between $661 and $807.

2021 Butternut, 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 $522 $560 $734 $913 $1,229
Payment Standard Range $470 to $574 $504 to $616 $661 to $807 $822 to $1,004 $1,106 to $1,352

Sourced from federal housing data and research.

Butternut, WI Affordable Housing Snapshot

Total Affordable Apartment Properties 2
Total Low Income Apartments 48
Total Housing Units with Rental Assistance 48
Percentage of Housing Units Occupied By Renters 44.62%
Average Renter Household Size 1.83
Average Household Size 2.07
Median Household Income $29,167 ±$7,735
Median Rent $561 ±$44
Percentage Of Renters Overburdened 44.58% ± 17.62pp
Total Population 385

Population and Household Demographics

Butternut is a city in Ashland County, Wisconsin with a population of 385. There are 186 households in the city with an average household size of 2.07 persons. 44.62% of households in Butternut are renters.

Income and Rent Overburden in Butternut

The median gross income for households in Butternut is $29,167 a year, or $2,431 a month. The median rent for the city is $561 a month.

Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Butternut, a household making less than $1,870 a month would be considered overburdened when renting an apartment at or above the median rent. 44.58% of households who rent are overburdened in Butternut.

Area Median Income In Butternut

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 Butternut, the AMI is calculated from all households within Ashland County.

In Butternut, HUD calculates the Area Median Income for a family of four as $59,000

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 Butternut

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 Butternut

Income 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
30% of Median $14,900 $17,240 $21,720 $26,200 $30,680 $35,160 $39,640 $44,120
50% of Median $24,800 $28,350 $31,900 $35,400 $38,250 $41,100 $43,900 $46,750
80% of Median $39,700 $45,350 $51,000 $56,650 $61,200 $65,750 $70,250 $74,800