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There are 36 low-income apartments in Minot that offer reduced rents to eligible households.
Rental assistance programs support 0 low-income homes in Minot where households pay rent based on how much they earn.
Affordable rent data for some communities last confirmed on August 29th, 2022. Subdsidized rents typically change once a year based on federal guidance.
Minot, Maine Affordable Housing Data
Income Based Apartments in Minot, Maine
Minot features 0 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 Minot, Maine
There are 36 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Minot.
Housing Choice Vouchers in Minot, Maine
On average, Section 8 Housing Choice vouchers pay Minot landlords $0 per month towards rent. The average voucher holder contributes $0 towards rent in Minot.
The maximum amount a voucher would pay on behalf of a low-income tenant in Minot, Maine for a two-bedroom apartment is between $1,000 and $1,222.
2024 Minot, Maine 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 | |
|---|---|---|---|---|---|
| Minot, Maine Fair Market Rent | $756 | $877 | $1,111 | $1,462 | $1,635 |
| Minot, Maine Payment Standard Range | $680 to $832 | $789 to $965 | $1,000 to $1,222 | $1,316 to $1,608 | $1,472 to $1,799 |
Sourced from federal housing data and AffordableHousingOnline.com research.
Minot, ME Affordable Housing Snapshot
| Total Affordable Apartment Properties | 1 |
|---|---|
| Total Low Income Apartments | 36 |
| Total Housing Units with Rental Assistance | 0 |
| Percentage of Housing Units Occupied By Renters | % |
| Average Renter Household Size | 0.00 |
| Average Household Size | 0.00 |
| Median Household Income | $0 ±$0 |
| Median Rent | $0 ±$0 |
| Total Population | 0 |
Population and Household Demographics
Minot is a city in Androscoggin County, Maine with a population of 0. There are 0 households in the city with an average household size of 0.00 persons. % of households in Minot are renters.
Income and Rent Overburden in Minot
The median gross income for households in Minot is $0 a year, or $0 a month. The median rent for the city is $0 a month.
Area Median Income In Minot
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 Minot, the AMI is calculated from all households within Androscoggin County.
In Minot, HUD calculates the Area Median Income for a family of four as $87,800
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 Minot
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 Minot
| 1 Person | 2 Person | 3 Person | 4 Person | 5 Person | 6 Person | 7 Person | 8 Person | |
|---|---|---|---|---|---|---|---|---|
| 30% AMI Income Limits Renters earning up to 30% of the Minot AMI may qualify for rental assistance programs that target Extremely Low Income households. |
$17,750 | $20,250 | $24,860 | $30,000 | $35,140 | $40,280 | $45,420 | $50,560 |
| 50% AMI Income Limits Renters earning up to 50% of the Minot AMI may qualify for rental assistance programs that target Very Low Income households. |
$29,550 | $33,750 | $37,950 | $42,150 | $45,550 | $48,900 | $52,300 | $55,650 |
| 80% AMI Income Limits Renters earning up to 80% of the Minot AMI may qualify for rental assistance programs that target Low Income households. |
$47,250 | $54,000 | $60,750 | $67,450 | $72,850 | $78,250 | $83,650 | $89,050 |
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