Affordable Housing In Dane County
Wisconsin
168 Low Income Apartment Communities In Dane County
Housing Authorities that serve Dane County
| Housing Authority | Programs |
|---|---|
| Dane County Housing Authority | Section 8 Housing Choice Voucher (HCV); Public Housing |
Other Housing Authorities located in Dane County
| Housing Authority | Programs |
|---|---|
| Community Development Authority of the City of Madison | Section 8 Housing Choice Voucher (HCV); Public Housing |
| Deforest Housing Authority | Public Housing |
| Wisconsin Housing and Economic Development Authority | Section 8 Housing Choice Voucher (HCV) |
Guide To Affordable Housing in Dane County, Wisconsin
There are 168 low income housing apartment communities offering 10,385 affordable apartments for rent in Dane County, Wisconsin. Dane County features 3,622 low income apartments with rental assistance where households typically pay no more than 30% of their income towards rent. Additionally, there are 6,635 other low income apartments that don't provide direct rental assistance but remain affordable to low income households in Dane County.
Sourced from federal housing data and AffordableHousingOnline.com research.
Dane County, WI Affordable Housing Snapshot
| Total Affordable Apartment Properties | 168 |
|---|---|
| Total Low Income Apartments | 10,385 |
| Total Housing Units with Rental Assistance | 3,622 |
| Percentage of Housing Units Occupied By Renters | 41.89% |
| Average Renter Household Size | 2.11 |
| Average Household Size | 2.35 |
| Median Household Income | $62,865 ±$831 |
| Median Rent | $923 ±$7 |
| Percentage Of Renters Overburdened | 47.73% ± 1.39pp |
| Total Population | 510,198 |
Population and Household Demographics
Dane County is a County in Wisconsin with a population of 510,198. There are 211,114 households in the county with an average household size of 2.35 persons. 41.89% of households in Dane County are renters.
Income and Rent Overburden in Dane County
The median gross income for households in Dane County is $62,865 a year, or $5,239 a month. The median rent for the county is $923 a month.
Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Dane County, a household making less than $3,077 a month would be considered overburdened when renting an apartment at or above the median rent. 47.73% of households who rent are overburdened in Dane County.1
Area Median Income In Dane 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 Dane County, HUD calculates the Area Median Income for a family of four as $100,400
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 Dane 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 Dane County HUD Rental Assistance in Dane County
| Income | 1 Person | 2 Person | 3 Person | 4 Person | 5 Person | 6 Person | 7 Person | 8 Person |
|---|---|---|---|---|---|---|---|---|
| 30% of Median | $21,100 | $24,100 | $27,100 | $30,100 | $32,550 | $34,950 | $39,010 | $43,430 |
| 50% of Median | $35,150 | $40,200 | $45,200 | $50,200 | $54,250 | $58,250 | $62,250 | $66,300 |
| 80% of Median | $52,850 | $60,400 | $67,950 | $75,500 | $81,550 | $87,600 | $93,650 | $99,700 |
Low Income Housing Tax Credits in Dane County
The Low-Income Housing Tax Credit (LIHTC) program aims to create affordable rental housing for low and very low income families.
From 1987 to 2012, 96 low income apartment communities containing 3,820 rental apartments have been constructed and made affordable to low income persons in Dane County by the Low Income Housing Tax Credit Program.
If your income is less than 60% of the Area Median Income (AMI), you should not expect to pay more than the rent value for a unit in the table below. However, Affordable apartment communities that receive funding through the Low Income Housing Tax Credit program may have rental units that are not subject to income and rent limits.
Rent limits for the LIHTC Program are determined so that a household making the maximum income for the expected household size of the unit would only pay 30% of their income for rent.
Income Qualifications for Low Income Housing Tax Credit Apartments in Dane County
| Income | 1 Person | 2 Person | 3 Person | 4 Person | 5 Person | 6 Person | 7 Person | 8 Person |
|---|---|---|---|---|---|---|---|---|
| 50% of Median | $35,150 | $40,200 | $45,200 | $50,200 | $54,250 | $58,250 | $62,250 | $66,300 |
| 60% of Median | $42,180 | $48,240 | $54,240 | $60,240 | $65,100 | $69,900 | $74,700 | $79,560 |
For example, the expected household size for a two bedroom apartment is 3 people. Using the table above, the maximum income for a 3 person household at 60% of the AMI in Dane County is $54,240 a year, or $4,520 a month. To determine the maximum rent in the table below we multiply the monthly maximum income, $4,520 by 30% to get a maximum rent of $1,356 a month.
Rent for units in the LIHTC Program include a utility allowance which is determined by the average monthly cost of utilities paid directly by residents. This allowance has not been subtracted from the rents in the table below. These utility allowances are set on a property by property basis.
| % of AMI | Studio | 1 Bed | 2 Bed | 3 Bed | 4 Bed | 5 Bed |
|---|---|---|---|---|---|---|
| 50% | $879 | $942 | $1,130 | $1,306 | $1,456 | $1,607 |
| 60% | $1,055 | $1,130 | $1,356 | $1,567 | $1,748 | $1,928 |
Fair Market Rents in Dane County
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 |
|---|---|---|---|---|
| $861 | $1,015 | $1,186 | $1,635 | $1,972 |
Cities In Dane County
Select A City to View its Apartment Communities and Waiting Lists.
| City | Listings | Served By |
|---|---|---|
| Madison | 97 | The HUD funded Public Housing Agencies that serve Madison are the Community Development Authority of the City of Madison and Dane County Housing Authority. |
| Sun Prairie | 13 | The HUD funded Public Housing Agency that serves Sun Prairie is the Dane County Housing Authority. |
| Stoughton | 8 | The HUD funded Public Housing Agency that serves Stoughton is the Dane County Housing Authority. |
| Dane | 1 | The HUD funded Public Housing Agency that serves Dane is the Dane County Housing Authority. |
| Oregon | 5 | The HUD funded Public Housing Agency that serves Oregon is the Dane County Housing Authority. |
| Verona | 2 | The HUD funded Public Housing Agency that serves Verona is the Dane County Housing Authority. |
| Monona | 5 | The HUD funded Public Housing Agency that serves Monona is the Dane County Housing Authority. |
| Fitchburg | 7 | The HUD funded Public Housing Agency that serves Fitchburg is the Dane County Housing Authority. |
| Edgerton | 6 | The HUD funded Public Housing Agencies that serve Edgerton are the City of Edgerton Housing Authority and Dane County Housing Authority. |
| Middleton | 5 | The HUD funded Public Housing Agency that serves Middleton is the Dane County Housing Authority. |
| Belleville | 1 | The HUD funded Public Housing Agency that serves Belleville is the Dane County Housing Authority. |
| Deforest | 0 | The HUD funded Public Housing Agency that serves Deforest is the Dane County Housing Authority. |
| Cottage Grove | 2 | The HUD funded Public Housing Agency that serves Cottage Grove is the Dane County Housing Authority. |
| Cross Plains | 3 | The HUD funded Public Housing Agency that serves Cross Plains is the Dane County Housing Authority. |
| Waunakee | 3 | The HUD funded Public Housing Agency that serves Waunakee is the Dane County Housing Authority. |
| Cambridge | 1 | The HUD funded Public Housing Agency that serves Cambridge is the Dane County Housing Authority. |
| Mount Horeb | 3 | The HUD funded Public Housing Agency that serves Mount Horeb is the Dane County Housing Authority. |
| Blue Mounds | 1 | The HUD funded Public Housing Agency that serves Blue Mounds is the Dane County Housing Authority. |
| Black Earth | 0 | |
| Deerfield | 0 | |
| Albion | 0 | |
| Berry | 0 | |
| Blooming Grove | 0 | |
| Bristol | 0 | |
| Brooklyn | 0 | |
| Burke | 0 | |
| Christiana | 0 | |
| Dunkirk | 0 | |
| Dunn | 0 | |
| McFarland | 3 | |
| Maple Bluff | 0 | |
| Marshall | 0 | |
| Mazomanie | 1 | |
| Medina | 0 | |
| Montrose | 0 | |
| Perry | 0 | |
| Pleasant Springs | 0 | |
| Primrose | 0 | |
| Rockdale | 0 | |
| Roxbury | 0 | |
| Rutland | 0 | |
| Shorewood Hills | 0 | |
| Springdale | 0 | |
| Springfield | 0 | |
| Vermont | 0 | |
| Vienna | 0 | |
| Westport | 1 | |
| Windsor | 0 | |
| York | 0 |
