Rainer Villa Apartments Sun Belt Mgmt Co
Pinewood Estates
- «
- 1
- »
There are 20 low-income apartments in New Augusta that offer reduced rents to eligible households.
Rental assistance programs support 44 low-income homes in New Augusta 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 January 2nd, 2023. Subdsidized rents typically change once a year based on federal guidance.
Public Housing Agencies Serving New Augusta, Mississippi
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 |
|---|---|
| South Mississippi Housing Authority | Section 8 Housing Choice Voucher (HCV); Section 8 Project-Based Voucher (PBV); Rental Assistance Demonstration (RAD) |
New Augusta, Mississippi Affordable Housing Data
Income Based Apartments in New Augusta, Mississippi
New Augusta features 44 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 New Augusta, Mississippi
There are 20 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in New Augusta.
Housing Choice Vouchers in New Augusta, Mississippi
On average, Section 8 Housing Choice vouchers pay New Augusta landlords $0 per month towards rent. The average voucher holder contributes $0 towards rent in New Augusta.
The maximum amount a voucher would pay on behalf of a low-income tenant in New Augusta, Mississippi for a two-bedroom apartment is between $991 and $1,211.
2024 New Augusta, Mississippi 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 | |
|---|---|---|---|---|---|
| New Augusta, Mississippi Fair Market Rent | $766 | $906 | $1,101 | $1,403 | $1,466 |
| New Augusta, Mississippi Payment Standard Range | $689 to $843 | $815 to $997 | $991 to $1,211 | $1,263 to $1,543 | $1,319 to $1,613 |
Sourced from federal housing data and AffordableHousingOnline.com research.
New Augusta, MS Affordable Housing Snapshot
| Total Affordable Apartment Properties | 3 |
|---|---|
| Total Low Income Apartments | 64 |
| Total Housing Units with Rental Assistance | 44 |
| Percentage of Housing Units Occupied By Renters | 31.64% |
| Average Renter Household Size | 3.61 |
| Average Household Size | 3.04 |
| Median Household Income | $37,411 ±$6,537 |
| Median Rent | $501 ±$242 |
| Percentage Of Renters Overburdened | 33.33% ± 10.4pp |
| Total Population | 835 |
Population and Household Demographics
New Augusta is a city in Perry County, Mississippi with a population of 835. There are 275 households in the city with an average household size of 3.04 persons. 31.64% of households in New Augusta are renters.
Income and Rent Overburden in New Augusta
The median gross income for households in New Augusta is $37,411 a year, or $3,118 a month. The median rent for the city is $501 a month.
Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In New Augusta, a household making less than $1,670 a month would be considered overburdened when renting an apartment at or above the median rent. 33.33% of households who rent are overburdened in New Augusta.
Area Median Income In New Augusta
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 New Augusta, the AMI is calculated from all households within Perry County.
In New Augusta, HUD calculates the Area Median Income for a family of four as $79,000
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 New Augusta
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 New Augusta
| 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 New Augusta AMI may qualify for rental assistance programs that target Extremely Low Income households. |
$14,580 | $19,720 | $24,860 | $30,000 | $35,140 | $38,600 | $41,250 | $43,900 |
| 50% AMI Income Limits Renters earning up to 50% of the New Augusta AMI may qualify for rental assistance programs that target Very Low Income households. |
$23,300 | $26,600 | $29,950 | $33,250 | $35,950 | $38,600 | $41,250 | $43,900 |
| 80% AMI Income Limits Renters earning up to 80% of the New Augusta AMI may qualify for rental assistance programs that target Low Income households. |
$37,250 | $42,600 | $47,900 | $53,200 | $57,500 | $61,750 | $66,000 | $70,250 |
© 2002-2024 ApartmentSmart.com, Inc.
Affordable Housing Online is not affiliated with any housing authority or apartment community, and does not manage any affordable housing programs.