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There are 281 low-income apartments in Far Rockaway that offer reduced rents to eligible households.
Rental assistance programs support 1,395 low-income homes in Far Rockaway where households pay rent based on how much they earn.
Affordable rent data for some communities last confirmed on July 2nd, 2024. Subdsidized rents typically change once a year based on federal guidance.
Far Rockaway, New York Affordable Housing Data
Income Based Apartments in Far Rockaway, New York
Far Rockaway features 1,395 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 Far Rockaway, New York
There are 281 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Far Rockaway.
Housing Choice Vouchers in Far Rockaway, New York
On average, Section 8 Housing Choice vouchers pay Far Rockaway landlords $0 per month towards rent. The average voucher holder contributes $0 towards rent in Far Rockaway.
The maximum amount a voucher would pay on behalf of a low-income tenant in Far Rockaway, New York for a two-bedroom apartment is between $2,477 and $3,027.
2024 Far Rockaway, New York 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 | |
|---|---|---|---|---|---|
| Far Rockaway, New York Fair Market Rent | $2,386 | $2,451 | $2,752 | $3,434 | $3,700 |
| Far Rockaway, New York Payment Standard Range | $2,147 to $2,625 | $2,206 to $2,696 | $2,477 to $3,027 | $3,091 to $3,777 | $3,330 to $4,070 |
Sourced from federal housing data and AffordableHousingOnline.com research.
Area Median Income In Far Rockaway
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 Far Rockaway, the AMI is calculated from all households within Queens County.
In Far Rockaway, HUD calculates the Area Median Income for a family of four as $94,400
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 Far Rockaway
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 Far Rockaway
| 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 Far Rockaway AMI may qualify for rental assistance programs that target Extremely Low Income households. |
$29,650 | $33,900 | $38,150 | $42,350 | $45,750 | $49,150 | $52,550 | $55,950 |
| 50% AMI Income Limits Renters earning up to 50% of the Far Rockaway AMI may qualify for rental assistance programs that target Very Low Income households. |
$49,450 | $56,500 | $63,550 | $70,600 | $76,250 | $81,900 | $87,550 | $93,200 |
| 80% AMI Income Limits Renters earning up to 80% of the Far Rockaway AMI may qualify for rental assistance programs that target Low Income households. |
$79,200 | $90,500 | $101,800 | $113,100 | $122,150 | $131,200 | $140,250 | $149,300 |
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