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There are 0 low-income apartments in Natural Bridge that offer reduced rents to eligible households.
Rental assistance programs support 0 low-income homes in Natural Bridge where households pay rent based on how much they earn. For 2024, elgible households participating in federally assisted housing pay an average of $363 towards rent each month.
Affordable rent data for some communities last confirmed on July 2nd, 2024. Subdsidized rents typically change once a year based on federal guidance.
Natural Bridge, New York Affordable Housing Data
Income Based Apartments in Natural Bridge, New York
Natural Bridge 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 Natural Bridge, New York
There are 0 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Natural Bridge.
Housing Choice Vouchers in Natural Bridge, New York
On average, Section 8 Housing Choice vouchers pay Natural Bridge landlords $900 per month towards rent. The average voucher holder contributes $400 towards rent in Natural Bridge.
The maximum amount a voucher would pay on behalf of a low-income tenant in Natural Bridge, New York for a two-bedroom apartment is between $1,224 and $1,496.
2024 Natural Bridge, 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 | |
|---|---|---|---|---|---|
| Natural Bridge, New York Fair Market Rent | $922 | $1,035 | $1,360 | $1,843 | $2,231 |
| Natural Bridge, New York Payment Standard Range | $830 to $1,014 | $932 to $1,139 | $1,224 to $1,496 | $1,659 to $2,027 | $2,008 to $2,454 |
Sourced from federal housing data and AffordableHousingOnline.com research.
Natural Bridge, NY Affordable Housing Snapshot
| Total Affordable Apartment Properties | 1 |
|---|---|
| Total Low Income Apartments | 1 |
| Total Housing Units with Rental Assistance | 0 |
| Percentage of Housing Units Occupied By Renters | 40% |
| Average Renter Household Size | 7.03 |
| Average Household Size | 4.56 |
| Median Household Income | $0 ±$0 |
| Median Rent | $0 ±$0 |
| Percentage Of Renters Overburdened | 42.65% ± 53.24pp |
| Total Population | 776 |
Population and Household Demographics
Natural Bridge is a city in Jefferson County, New York with a population of 776. There are 170 households in the city with an average household size of 4.56 persons. 40% of households in Natural Bridge are renters.
Income and Rent Overburden in Natural Bridge
The median gross income for households in Natural Bridge is $0 a year, or $0 a month. The median rent for the city is $0 a month.
Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Natural Bridge, a household making less than $0 a month would be considered overburdened when renting an apartment at or above the median rent. 42.65% of households who rent are overburdened in Natural Bridge.
Area Median Income In Natural Bridge
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 Natural Bridge, the AMI is calculated from all households within Jefferson County.
In Natural Bridge, HUD calculates the Area Median Income for a family of four as $81,500
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 Natural Bridge
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 Natural Bridge
| 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 Natural Bridge AMI may qualify for rental assistance programs that target Extremely Low Income households. |
$17,050 | $19,720 | $24,860 | $30,000 | $35,140 | $40,280 | $45,420 | $50,560 |
| 50% AMI Income Limits Renters earning up to 50% of the Natural Bridge AMI may qualify for rental assistance programs that target Very Low Income households. |
$28,450 | $32,500 | $36,550 | $40,600 | $43,850 | $47,100 | $50,350 | $53,600 |
| 80% AMI Income Limits Renters earning up to 80% of the Natural Bridge AMI may qualify for rental assistance programs that target Low Income households. |
$45,500 | $52,000 | $58,500 | $64,950 | $70,150 | $75,350 | $80,550 | $85,750 |
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