Low Income Apartments For Rent in New Hope, PA

Rental assistance programs support 8 low-income homes in New Hope 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 October 30th, 2019. Subdsidized rents typically change once a year based on federal guidance.

Public Housing Agencies Serving New Hope, Pennsylvania

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
Bucks County Housing Authority	Section 8 Housing Choice Voucher (HCV); Public Housing; Family Self-Sufficiency; Veteran Affairs Supportive Housing (VASH); Mainstream Voucher; Family Unification Program (FUP); Emergency Housing Voucher (EHV)

Go to the Pennsylvania Public Housing and Low-Income Apartments Waiting Lists page for openings near New Hope.

New Hope, Pennsylvania Affordable Housing Data

Income Based Apartments in New Hope, Pennsylvania

New Hope features 8 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 Hope, Pennsylvania

There are 30 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in New Hope.

Housing Choice Vouchers in New Hope, Pennsylvania

On average, Section 8 Housing Choice vouchers pay New Hope landlords $0 per month towards rent. The average voucher holder contributes $0 towards rent in New Hope.

The maximum amount a voucher would pay on behalf of a low-income tenant in New Hope, Pennsylvania for a two-bedroom apartment is between $1,563 and $1,911.

2024 New Hope, Pennsylvania 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 Hope, Pennsylvania Fair Market Rent	$1,303	$1,451	$1,737	$2,100	$2,422
New Hope, Pennsylvania Payment Standard Range	$1,173 to $1,433	$1,306 to $1,596	$1,563 to $1,911	$1,890 to $2,310	$2,180 to $2,664

Sourced from federal housing data and AffordableHousingOnline.com research.

New Hope, PA Affordable Housing Snapshot

Total Affordable Apartment Properties 2

Total Low Income Apartments 38

Total Housing Units with Rental Assistance 8

Percentage of Housing Units Occupied By Renters 37.96%

Average Renter Household Size 1.50

Average Household Size 2.14

Median Household Income $74,238 ±$13,062

Median Rent $1,282 ±$158

Percentage Of Renters Overburdened 55.16% ± 14.14pp

Total Population 2,519

Total Affordable Apartment Properties	2
Total Low Income Apartments	38
Total Housing Units with Rental Assistance	8
Percentage of Housing Units Occupied By Renters	37.96%
Average Renter Household Size	1.50
Average Household Size	2.14
Median Household Income	$74,238 ±$13,062
Median Rent	$1,282 ±$158
Percentage Of Renters Overburdened	55.16% ± 14.14pp
Total Population	2,519

Population and Household Demographics

New Hope is a city in Bucks County, Pennsylvania with a population of 2,519. There are 1,175 households in the city with an average household size of 2.14 persons. 37.96% of households in New Hope are renters.

Income and Rent Overburden in New Hope

The median gross income for households in New Hope is $74,238 a year, or $6,187 a month. The median rent for the city is $1,282 a month.

Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In New Hope, a household making less than $4,273 a month would be considered overburdened when renting an apartment at or above the median rent. 55.16% of households who rent are overburdened in New Hope.

Area Median Income In New Hope

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 Hope, the AMI is calculated from all households within Bucks County.

In New Hope, HUD calculates the Area Median Income for a family of four as $114,400

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 New Hope

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 Hope

	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 Hope AMI may qualify for rental assistance programs that target Extremely Low Income households.	$23,450	$26,800	$30,150	$33,500	$36,200	$40,280	$45,420	$50,560
50% AMI Income Limits Renters earning up to 50% of the New Hope AMI may qualify for rental assistance programs that target Very Low Income households.	$39,100	$44,650	$50,250	$55,800	$60,300	$64,750	$69,200	$73,700
80% AMI Income Limits Renters earning up to 80% of the New Hope AMI may qualify for rental assistance programs that target Low Income households.	$62,500	$71,400	$80,350	$89,250	$96,400	$103,550	$110,700	$117,850