Affordable Housing In Niagara
Marinette County, Wisconsin

3 Low Income Apartment Communities In Niagara

Ridgeview Apartments

1248 Jackson St
Niagara, WI
Subsidized

Stoney Brook Apartments

1930 Grandview Dr
Niagara, WI
Subsidized

Hof - Manor Apartments

600 Jefferson Ave
Niagara, WI
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Housing Authorities that serve Niagara

Housing Authority Programs
Marinette County Housing Authority Section 8 Housing Choice Voucher (HCV)

Guide To Affordable Housing in Niagara, Wisconsin

According to federal housing data and AffordableHousingOnline.com research, there are 3 low income housing apartment communities offering 34 affordable apartments for rent in Niagara, Wisconsin. Niagara features 22 low income apartments with rental assistance where households typically pay no more than 30% of their income towards rent. Additionally, there are 12 other low income apartments that don't provide direct rental assistance but remain affordable to low income households in Niagara.

Niagara, WI Affordable Housing Snapshot

Total Affordable Apartment Properties 3
Total Low Income Apartments 34
Total Housing Units with Rental Assistance 22
Percentage of Housing Units Occupied By Renters 16.52%
Average Renter Household Size 1.97
Average Household Size 2.30
Median Household Income $36,855 ±$6,279
Median Rent $497 ±$102
Percentage Of Renters Overburdened 50.88% ± 20.93pp
Total Population 1,584

Population and Household Demographics

Niagara is a City in Marinette County, Wisconsin with a population of 1,584. There are 690 households in the city with an average household size of 2.30 persons. 16.52% of households in Niagara are renters.

Income and Rent Overburden in Niagara

The median gross income for households in Niagara is $36,855 a year, or $3,071 a month. The median rent for the city is $497 a month.

Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Niagara, a household making less than $1,657 a month would be considered overburdened when renting an apartment at or above the median rent. 50.88% of households who rent are overburdened in Niagara.1

Area Median Income In Niagara

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 Niagara, the AMI is calculated from all households within Marinette County.

In Niagara, HUD calculates the Area Median Income for a family of four as $58,000

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 Niagara

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 Niagara HUD Rental Assistance in Niagara

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
Low Income Housing Tax Credits in Niagara

The Low-Income Housing Tax Credit (LIHTC) program aims to create affordable rental housing for low and very low income families.

From 1993 to 1993, 1 low income apartment communities containing 10 rental apartments have been constructed and made affordable to low income persons in Niagara 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 Niagara

Income 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
50% of Median $23,950 $27,400 $30,800 $34,200 $36,950 $39,700 $42,450 $45,150
60% of Median $28,740 $32,880 $36,960 $41,040 $44,340 $47,640 $50,940 $54,180

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 Niagara is $36,960 a year, or $3,080 a month. To determine the maximum rent in the table below we multiply the monthly maximum income, $3,080 by 30% to get a maximum rent of $924 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% $599 $642 $770 $889 $993 $1,095
60% $719 $770 $924 $1,067 $1,191 $1,314
Fair Market Rents in Niagara

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
$526 $549 $723 $902 $1,024