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There are 0 low-income apartments in Wells that offer reduced rents to eligible households.
Rental assistance programs support 56 low-income homes in Wells where households pay rent based on how much they earn.
Affordable rent data for some communities last confirmed on October 29th, 2019. Subdsidized rents typically change once a year based on federal guidance.
Public Housing Agencies Serving Wells, Maine
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 |
|---|---|
| Maine State Housing Authority | Section 8 Housing Choice Voucher (HCV) |
| Westbrook Housing Authority | Section 8 Housing Choice Voucher (HCV); Section 8 Project-Based Voucher (PBV) |
Wells, Maine Affordable Housing Data
Income Based Apartments in Wells, Maine
Wells features 56 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 Wells, Maine
There are 0 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Wells.
Housing Choice Vouchers in Wells, Maine
On average, Section 8 Housing Choice vouchers pay Wells landlords $0 per month towards rent. The average voucher holder contributes $0 towards rent in Wells.
The maximum amount a voucher would pay on behalf of a low-income tenant in Wells, Maine for a two-bedroom apartment is between $1,274 and $1,558.
2024 Wells, 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 | |
|---|---|---|---|---|---|
| Wells, Maine Fair Market Rent | $1,023 | $1,136 | $1,416 | $1,853 | $2,033 |
| Wells, Maine Payment Standard Range | $921 to $1,125 | $1,022 to $1,250 | $1,274 to $1,558 | $1,668 to $2,038 | $1,830 to $2,236 |
Sourced from federal housing data and AffordableHousingOnline.com research.
Wells, ME Affordable Housing Snapshot
| Total Affordable Apartment Properties | 2 |
|---|---|
| Total Low Income Apartments | 56 |
| Total Housing Units with Rental Assistance | 56 |
| 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
Wells is a city in York 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 Wells are renters.
Income and Rent Overburden in Wells
The median gross income for households in Wells is $0 a year, or $0 a month. The median rent for the city is $0 a month.
Area Median Income In Wells
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 Wells, the AMI is calculated from all households within York County.
In Wells, HUD calculates the Area Median Income for a family of four as $96,500
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 Wells
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 Wells
| 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 Wells AMI may qualify for rental assistance programs that target Extremely Low Income households. |
$20,300 | $23,200 | $26,100 | $30,000 | $35,140 | $40,280 | $45,420 | $50,560 |
| 50% AMI Income Limits Renters earning up to 50% of the Wells AMI may qualify for rental assistance programs that target Very Low Income households. |
$33,800 | $38,600 | $43,450 | $48,250 | $52,150 | $56,000 | $59,850 | $63,700 |
| 80% AMI Income Limits Renters earning up to 80% of the Wells AMI may qualify for rental assistance programs that target Low Income households. |
$54,050 | $61,800 | $69,500 | $77,200 | $83,400 | $89,600 | $95,750 | $101,950 |
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