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There are 30 low-income apartments in New Square that offer reduced rents to eligible households.
Rental assistance programs support 0 low-income homes in New Square where households pay rent based on how much they earn. For 2024, elgible households participating in federally assisted housing pay an average of $509 towards rent each month.
Affordable rent data for some communities last confirmed on June 7th, 2024. Subdsidized rents typically change once a year based on federal guidance.
Public Housing Agencies Serving New Square, New York
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 |
|---|---|
| Village of New Square PHA | Section 8 Housing Choice Voucher (HCV) |
| Rockland County Department of Social Services | Section 8 Housing Choice Voucher (HCV); Section 8 Project-Based Voucher (PBV); Mainstream Voucher |
| Town of Ramapo Housing Authority | Section 8 Housing Choice Voucher (HCV); Section 8 Project-Based Voucher (PBV) |
New Square, New York Affordable Housing Data
Income Based Apartments in New Square, New York
New Square 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 New Square, New York
There are 30 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in New Square.
Housing Choice Vouchers in New Square, New York
On average, Section 8 Housing Choice vouchers pay New Square landlords $1,400 per month towards rent. The average voucher holder contributes $500 towards rent in New Square.
The maximum amount a voucher would pay on behalf of a low-income tenant in New Square, New York for a two-bedroom apartment is between $2,477 and $3,027.
2024 New Square, 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 | |
|---|---|---|---|---|---|
| New Square, New York Fair Market Rent | $2,386 | $2,451 | $2,752 | $3,434 | $3,700 |
| New Square, 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.
New Square, NY Affordable Housing Snapshot
| Total Affordable Apartment Properties | 1 |
|---|---|
| Total Low Income Apartments | 30 |
| Total Housing Units with Rental Assistance | 0 |
| Percentage of Housing Units Occupied By Renters | 85.92% |
| Average Renter Household Size | 5.72 |
| Average Household Size | 5.90 |
| Median Household Income | $22,470 ±$2,517 |
| Median Rent | $1,280 ±$131 |
| Percentage Of Renters Overburdened | 81.6% ± 7.68pp |
| Total Population | 7,540 |
Population and Household Demographics
New Square is a city in Rockland County, New York with a population of 7,540. There are 1,278 households in the city with an average household size of 5.90 persons. 85.92% of households in New Square are renters.
Income and Rent Overburden in New Square
The median gross income for households in New Square is $22,470 a year, or $1,873 a month. The median rent for the city is $1,280 a month.
Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In New Square, a household making less than $4,267 a month would be considered overburdened when renting an apartment at or above the median rent. 81.6% of households who rent are overburdened in New Square.
Area Median Income In New Square
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 Square, the AMI is calculated from all households within Rockland County.
In New Square, HUD calculates the Area Median Income for a family of four as $130,700
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 Square
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 Square
| 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 Square 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 New Square 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 New Square 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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