Madison Lane Apartments
- «
- 1
- »
There are 0 low-income apartments in Hamilton that offer reduced rents to eligible households.
Rental assistance programs support 72 low-income homes in Hamilton 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.
Hamilton, New York Affordable Housing Data
Income Based Apartments in Hamilton, New York
Hamilton features 72 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 Hamilton, New York
There are 0 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Hamilton.
Housing Choice Vouchers in Hamilton, New York
On average, Section 8 Housing Choice vouchers pay Hamilton landlords $0 per month towards rent. The average voucher holder contributes $0 towards rent in Hamilton.
The maximum amount a voucher would pay on behalf of a low-income tenant in Hamilton, New York for a two-bedroom apartment is between $1,013 and $1,239.
2024 Hamilton, 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 | |
|---|---|---|---|---|---|
| Hamilton, New York Fair Market Rent | $828 | $916 | $1,126 | $1,381 | $1,600 |
| Hamilton, New York Payment Standard Range | $745 to $911 | $824 to $1,008 | $1,013 to $1,239 | $1,243 to $1,519 | $1,440 to $1,760 |
Sourced from federal housing data and AffordableHousingOnline.com research.
Hamilton, NY Affordable Housing Snapshot
| Total Affordable Apartment Properties | 2 |
|---|---|
| Total Low Income Apartments | 73 |
| Total Housing Units with Rental Assistance | 72 |
| 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
Hamilton is a city in Madison County, New York with a population of 0. There are 0 households in the city with an average household size of 0.00 persons. % of households in Hamilton are renters.
Income and Rent Overburden in Hamilton
The median gross income for households in Hamilton is $0 a year, or $0 a month. The median rent for the city is $0 a month.
Area Median Income In Hamilton
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 Hamilton, the AMI is calculated from all households within Madison County.
In Hamilton, HUD calculates the Area Median Income for a family of four as $93,300
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 Hamilton
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 Hamilton
| 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 Hamilton AMI may qualify for rental assistance programs that target Extremely Low Income households. |
$19,600 | $22,400 | $25,200 | $30,000 | $35,140 | $40,280 | $45,420 | $50,560 |
| 50% AMI Income Limits Renters earning up to 50% of the Hamilton AMI may qualify for rental assistance programs that target Very Low Income households. |
$32,700 | $37,350 | $42,000 | $46,650 | $50,400 | $54,150 | $57,850 | $61,600 |
| 80% AMI Income Limits Renters earning up to 80% of the Hamilton AMI may qualify for rental assistance programs that target Low Income households. |
$52,300 | $59,750 | $67,200 | $74,650 | $80,650 | $86,600 | $92,600 | $98,550 |
© 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.