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There are 0 low-income apartments in Spring Grove that offer reduced rents to eligible households.
Rental assistance programs support 80 low-income homes in Spring Grove where households pay rent based on how much they earn.
Affordable rent data for some communities last confirmed on March 19th, 2024. Subdsidized rents typically change once a year based on federal guidance.
Public Housing Agencies Serving Spring Grove, Virginia
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 |
|---|---|
| Virginia Housing | Section 8 Housing Choice Voucher (HCV) |
| Sussex County Housing Office | - |
Spring Grove, Virginia Affordable Housing Data
Income Based Apartments in Spring Grove, Virginia
Spring Grove features 80 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 Spring Grove, Virginia
There are 0 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Spring Grove.
Housing Choice Vouchers in Spring Grove, Virginia
On average, Section 8 Housing Choice vouchers pay Spring Grove landlords $0 per month towards rent. The average voucher holder contributes $0 towards rent in Spring Grove.
The maximum amount a voucher would pay on behalf of a low-income tenant in Spring Grove, Virginia for a two-bedroom apartment is between $815 and $996.
2024 Spring Grove, Virginia 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 | |
|---|---|---|---|---|---|
| Spring Grove, Virginia Fair Market Rent | $725 | $730 | $905 | $1,275 | $1,536 |
| Spring Grove, Virginia Payment Standard Range | $653 to $798 | $657 to $803 | $815 to $996 | $1,148 to $1,403 | $1,382 to $1,690 |
Sourced from federal housing data and AffordableHousingOnline.com research.
Area Median Income In Spring Grove
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 Spring Grove, the AMI is calculated from all households within Surry County.
In Spring Grove, HUD calculates the Area Median Income for a family of four as $83,100
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 Spring Grove
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 Spring Grove
| 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 Spring Grove AMI may qualify for rental assistance programs that target Extremely Low Income households. |
$16,850 | $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 Spring Grove AMI may qualify for rental assistance programs that target Very Low Income households. |
$28,100 | $32,100 | $36,100 | $40,100 | $43,350 | $46,550 | $49,750 | $52,950 |
| 80% AMI Income Limits Renters earning up to 80% of the Spring Grove AMI may qualify for rental assistance programs that target Low Income households. |
$44,950 | $51,350 | $57,750 | $64,150 | $69,300 | $74,450 | $79,550 | $84,700 |
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