Affordable Housing In Apple Valley Dakota County, Minnesota8 Low Income Apartment Communities In Apple ValleySection 8 Vouchers, Apartments, and Waiting Lists in Apple Valley, MinnesotaPublic 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. Show
Households who qualify for these programs may also qualify for Project-Based Section 8, which contributes rental assistance payments directly to private landlords on behalf of low-income tenants. Eligibility for the project-based program is similar to the voucher programs, but waiting list and application policies will vary depending on the landlord. Public Housing Agencies Serving Apple Valley, Minnesota
Guide To Affordable Housing in Apple Valley, MinnesotaThere are 8 low income housing apartment communities offering 695 affordable apartments for rent in Apple Valley, Minnesota. Income Based Apartments in Apple Valley, MinnesotaApple Valley features 264 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 Apple Valley, MinnesotaThere are 431 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Apple Valley. Housing Choice Vouchers in Apple Valley, MinnesotaOn average, Section 8 Housing Choice vouchers pay Apple Valley landlords $600 per month towards rent. The average voucher holder contributes $500 towards rent in Apple Valley. The maximum amount a voucher would pay on behalf of a low-income tenant in Apple Valley, Minnesota for a two-bedroom apartment is between $1,269 and $1,551. 2023 Apple Valley, Minnesota Fair Market Rents and Housing Choice Voucher Payment StandardsFair 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.
Sourced from federal housing data and AffordableHousingOnline.com research.
Apple Valley, MN Affordable Housing Snapshot
Population and Household DemographicsApple Valley is a city in Dakota County, Minnesota with a population of 50,309. There are 19,413 households in the city with an average household size of 2.58 persons. 21.89% of households in Apple Valley are renters. Income and Rent Overburden in Apple ValleyThe median gross income for households in Apple Valley is $80,478 a year, or $6,707 a month. The median rent for the city is $1,127 a month. Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Apple Valley, a household making less than $3,757 a month would be considered overburdened when renting an apartment at or above the median rent. 47.28% of households who rent are overburdened in Apple Valley. Area Median Income In Apple ValleyAffordable 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 Apple Valley, the AMI is calculated from all households within Dakota County. In Apple Valley, HUD calculates the Area Median Income for a family of four as $118,200 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 Apple ValleyRental 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 Apple Valley
How do I get low income housing in MN?Public Housing and Housing Choice Vouchers (Section 8)
To apply for either type of help, visit your local Public Housing Agency (PHA). Some PHAs have long waiting lists, so you may want to apply at more than one PHA. Your PHA can also give you a list of locations at which your voucher can be used.
What is Section 42 housing in MN?Section 42, also known as the Low Income Housing Tax Credit, is a tax credit that encourages apartment builders and developers to build affordable housing. These affordable housing options are often in communities that low-income families wouldn't otherwise be able to afford to live in.
Who qualifies for Section 8 housing in MN?Households with income that is below 50% of median income (what HUD considers “very low income”) or lower may qualify, but most people on Section 8 are below 30% of median income. When you apply for Section 8, the people reviewing your application will also look at: Your history with federal housing programs.
What is low income housing in MN?Subsidized housing is a government program based on a household's income for low-income households. The household pays no more than 30% of their income towards rent; the subsidized housing program contributes the remaining amount to cover the cost of rent.
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