Renters earning up to 50% of the Quincy AMI may qualify for rental assistance programs that target Very Low Income households. Renters earning up to 30% of the Quincy AMI may qualify for rental assistance programs that target Extremely Low Income households. Income Qualifications for HUD Rental Assistance in Quincy 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person 30% AMI Income Limits 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. 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. Among the programs that determine eligibility based on the AMI are Section 8, HOME, LIHTC, Section 515, 202 and 811. Most affordable housing programs determine eligibility based on the percent of AMI a given household's income is. In Quincy, HUD calculates the Area Median Income for a family of four as $113,900 For Quincy, the AMI is calculated from all households within Norfolk County. 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. The AMI is calculated and published each year by HUD.

This is accomplished through a statistic established by the government called the Area Median Income, most often referred to as AMI. Each household's income is compared to the incomes of all other households in the area. Area Median Income In QuincyĪffordable housing program eligibility is always determined by one's income. In Quincy, a household making less than $4,167 a month would be considered overburdened when renting an apartment at or above the median rent.Ĥ4.32% of households who rent are overburdened in Quincy. Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. The median gross income for households in Quincy is $64,155 a year, or $5,346 a month. 52.69% of households in Quincy are renters. There are 39,476 households in the city with an average household size of 2.33 persons. Quincy is a city in Norfolk County, Massachusetts with a population of 93,177. ± 3.04pp Total Population 93,177 Population and Household Demographics ±$29 Percentage Of Renters Overburdened 44.32% Total Affordable Apartment Properties 23 Total Low Income Apartments 2,141 Total Housing Units with Rental Assistance 1,818 Percentage of Housing Units Occupied By Renters 52.69% Average Renter Household Size 1.99 Average Household Size 2.33 Median Household Income $64,155 Sourced from federal housing data and research. 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. 2023 Quincy, Massachusetts Fair Market Rents and Housing Choice Voucher Payment Standardsįair Market Rents can be used to better understand the average housing costs of an area. The maximum amount a voucher would pay on behalf of a low-income tenant in Quincy, Massachusetts for a two-bedroom apartment is between $2,372 and $2,899. The average voucher holder contributes $500 towards rent in Quincy. On average, Section 8 Housing Choice vouchers pay Quincy landlords $1,200 per month towards rent. Housing Choice Vouchers in Quincy, Massachusetts There are 323 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Quincy. Low Rent Apartments in Quincy, Massachusetts Tenants of income based apartments typically pay no more than 30% of their income towards rent and utilities. Quincy features 1,818 income based apartments. Quincy, Massachusetts Affordable Housing Data Income Based Apartments in Quincy, Massachusetts

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