; Low Income Apartments For Rent in Blades, DE

Hunters Court

701 S Market St
Blades, Delaware
Subsidized
Rent Assisted
Senior
Supportive
RDRA
S515
Call For Rent
1-2 BR
Showing Results 1-15
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There are 0 low-income apartments in Blades that offer reduced rents to eligible households.

Rental assistance programs support 33 low-income homes in Blades where households pay rent based on how much they earn. For 2024, elgible households participating in federally assisted housing pay an average of $-4 towards rent each month.

Affordable rent data for some communities last confirmed on February 16th, 2024. Subdsidized rents typically change once a year based on federal guidance.

Public Housing Agencies Serving Blades, Delaware

Public Housing Agencies operate federally assisted affordable housing programs at local levels on behalf of HUD. Notably, housing agencies are responsible for managing Section 8 Housing Choice Voucher, Public Housing, and Project-Based Voucher waiting lists within their jurisdiction.

Housing Authority Programs
Delaware State Housing Authority - Section 8 Office Section 8 Housing Choice Voucher (HCV); Moving to Work
Delaware State Housing Authority - Public Housing Office Section 8 Housing Choice Voucher (HCV); Public Housing; Moving to Work
Go to the Delaware Public Housing and Low-Income Apartments Waiting Lists page for openings near Blades.

Blades, Delaware Affordable Housing Data

Income Based Apartments in Blades, Delaware

Blades features 33 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 Blades, Delaware

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

Housing Choice Vouchers in Blades, Delaware

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

The maximum amount a voucher would pay on behalf of a low-income tenant in Blades, Delaware for a two-bedroom apartment is between $1,168 and $1,428.

2024 Blades, Delaware 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
Blades, Delaware Fair Market Rent $909 $988 $1,298 $1,656 $2,037
Blades, Delaware Payment Standard Range $818 to $1,000 $889 to $1,087 $1,168 to $1,428 $1,490 to $1,822 $1,833 to $2,241

Sourced from federal housing data and AffordableHousingOnline.com research.

Blades, DE Affordable Housing Snapshot

Total Affordable Apartment Properties 1
Total Low Income Apartments 33
Total Housing Units with Rental Assistance 33
Percentage of Housing Units Occupied By Renters 43.19%
Average Renter Household Size 3.09
Average Household Size 2.77
Median Household Income $38,056 ±$8,106
Median Rent $995 ±$71
Percentage Of Renters Overburdened 65.52% ± 19.04pp
Total Population 1,303

Population and Household Demographics

Blades is a city in Sussex County, Delaware with a population of 1,303. There are 470 households in the city with an average household size of 2.77 persons. 43.19% of households in Blades are renters.

Income and Rent Overburden in Blades

The median gross income for households in Blades is $38,056 a year, or $3,171 a month. The median rent for the city is $995 a month.

Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Blades, a household making less than $3,317 a month would be considered overburdened when renting an apartment at or above the median rent. 65.52% of households who rent are overburdened in Blades.

Area Median Income In Blades

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 Blades, the AMI is calculated from all households within Sussex County.

In Blades, HUD calculates the Area Median Income for a family of four as $94,600

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 Blades

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 Blades

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30% AMI Income Limits
Renters earning up to 30% of the Blades AMI may qualify for rental assistance programs that target Extremely Low Income households.
$18,700 $21,350 $24,860 $30,000 $35,140 $40,280 $45,420 $50,560
50% AMI Income Limits
Renters earning up to 50% of the Blades AMI may qualify for rental assistance programs that target Very Low Income households.
$31,150 $35,600 $40,050 $44,450 $48,050 $51,600 $55,150 $58,700
80% AMI Income Limits
Renters earning up to 80% of the Blades AMI may qualify for rental assistance programs that target Low Income households.
$49,800 $56,900 $64,000 $71,100 $76,800 $82,500 $88,200 $93,900