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There are 0 low-income apartments in Three Springs that offer reduced rents to eligible households.
Rental assistance programs support 24 low-income homes in Three Springs where households pay rent based on how much they earn.
Affordable rent data for some communities last confirmed on July 3rd, 2018. Subdsidized rents typically change once a year based on federal guidance.
Public Housing Agencies Serving Three Springs, 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 |
|---|---|
| Huntingdon County Housing Authority | Section 8 Housing Choice Voucher (HCV); Public Housing |
Three Springs, Pennsylvania Affordable Housing Data
Income Based Apartments in Three Springs, Pennsylvania
Three Springs features 24 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 Three Springs, Pennsylvania
There are 0 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Three Springs.
Housing Choice Vouchers in Three Springs, Pennsylvania
On average, Section 8 Housing Choice vouchers pay Three Springs landlords $0 per month towards rent. The average voucher holder contributes $0 towards rent in Three Springs.
The maximum amount a voucher would pay on behalf of a low-income tenant in Three Springs, Pennsylvania for a two-bedroom apartment is between $761 and $930.
2024 Three Springs, 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 | |
|---|---|---|---|---|---|
| Three Springs, Pennsylvania Fair Market Rent | $652 | $684 | $845 | $1,082 | $1,318 |
| Three Springs, Pennsylvania Payment Standard Range | $587 to $717 | $616 to $752 | $761 to $930 | $974 to $1,190 | $1,186 to $1,450 |
Sourced from federal housing data and AffordableHousingOnline.com research.
Three Springs, PA Affordable Housing Snapshot
| Total Affordable Apartment Properties | 1 |
|---|---|
| Total Low Income Apartments | 24 |
| Total Housing Units with Rental Assistance | 24 |
| Percentage of Housing Units Occupied By Renters | 34.21% |
| Average Renter Household Size | 2.25 |
| Average Household Size | 2.39 |
| Median Household Income | $43,750 ±$11,943 |
| Median Rent | $593 ±$64 |
| Percentage Of Renters Overburdened | 47.69% ± 21.31pp |
| Total Population | 455 |
Population and Household Demographics
Three Springs is a city in Huntingdon County, Pennsylvania with a population of 455. There are 190 households in the city with an average household size of 2.39 persons. 34.21% of households in Three Springs are renters.
Income and Rent Overburden in Three Springs
The median gross income for households in Three Springs is $43,750 a year, or $3,646 a month. The median rent for the city is $593 a month.
Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Three Springs, a household making less than $1,977 a month would be considered overburdened when renting an apartment at or above the median rent. 47.69% of households who rent are overburdened in Three Springs.
Area Median Income In Three Springs
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 Three Springs, the AMI is calculated from all households within Huntingdon County.
In Three Springs, HUD calculates the Area Median Income for a family of four as $79,300
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 Three Springs
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 Three Springs
| 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 Three Springs AMI may qualify for rental assistance programs that target Extremely Low Income households. |
$16,250 | $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 Three Springs AMI may qualify for rental assistance programs that target Very Low Income households. |
$27,000 | $30,850 | $34,700 | $38,550 | $41,650 | $44,750 | $47,850 | $50,900 |
| 80% AMI Income Limits Renters earning up to 80% of the Three Springs AMI may qualify for rental assistance programs that target Low Income households. |
$43,200 | $49,350 | $55,500 | $61,650 | $66,600 | $71,550 | $76,450 | $81,400 |
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