Affordable Housing In Green Lake
Green Lake County,
1 Low Income Apartment Communities In Green Lake
Housing Authorities that serve Green Lake
|Wisconsin Housing and Economic Development Authority||Section 8 Housing Choice Voucher (HCV)|
Guide To Affordable Housing in Green Lake, Wisconsin
There are 1 low income housing apartment communities offering 70 affordable apartments for rent in Green Lake, Wisconsin.
Income Based Apartments in Green Lake, Wisconsin
Green Lake features 70 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 Green Lake, Wisconsin
There are 0 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Green Lake.
Housing Choice Vouchers in Green Lake, Wisconsin
On average, Section 8 Housing Choice vouchers pay Green Lake landlords $0 per month towards rent. The average voucher holder contributes $0 towards rent in Green Lake.
The maximum amount a voucher would pay on behalf of a low-income tenant in Green Lake, Wisconsin for a two-bedroom apartment is between $661 and $807.
2021 Green Lake, 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||$484||$590||$734||$949||$1,271|
|Payment Standard Range||$436 to $532||$531 to $649||$661 to $807||$854 to $1,044||$1,144 to $1,398|
Sourced from federal housing data and AffordableHousingOnline.com research.
Green Lake, WI Affordable Housing Snapshot
|Total Affordable Apartment Properties||1|
|Total Low Income Apartments||70|
|Total Housing Units with Rental Assistance||70|
|Percentage of Housing Units Occupied By Renters||30.94%|
|Average Renter Household Size||1.70|
|Average Household Size||2.00|
|Median Household Income||$44,861 ±$3,674|
|Median Rent||$589 ±$53|
|Percentage Of Renters Overburdened||25.35% ± 9.21pp|
Population and Household Demographics
Green Lake is a city in Green Lake County, Wisconsin with a population of 955. There are 459 households in the city with an average household size of 2.00 persons. 30.94% of households in Green Lake are renters.
Income and Rent Overburden in Green Lake
The median gross income for households in Green Lake is $44,861 a year, or $3,738 a month. The median rent for the city is $589 a month.
Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Green Lake, a household making less than $1,963 a month would be considered overburdened when renting an apartment at or above the median rent. 25.35% of households who rent are overburdened in Green Lake.
Area Median Income In Green Lake
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 Green Lake, the AMI is calculated from all households within Green Lake County.
In Green Lake, HUD calculates the Area Median Income for a family of four as $69,900
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 Green Lake
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 Green Lake
|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|