Housing for Family With Low Income in Smithfield Va

Affordable Housing In Smithfield
Isle of Wight Canton, Virginia

half-dozen Low Income Apartment Communities In Smithfield

Wood Edge

764 Wrenn Road

Smithfield, Virginia

Call For Rent

ane-3 BR

Subsidized

Covenant Place

601 Cedar St

Smithfield, Virginia

Subsidized

62+

Accessible

Elderly Supportive Housing

Section 8 Vouchers, Apartments, and Waiting Lists in Smithfield, Virginia

Public Housing Agencies operate federally assisted affordable housing programs at local levels on behalf of HUD. Notably, housing agencies are responsible for managing Department eight Housing Choice Voucher, Public Housing, and Projection-Based Voucher waiting lists within their jurisdiction.

Households who qualify for these programs may also authorize for Project-Based Section 8, which contributes rental assist payments directly to private landlords on behalf of low-income tenants. Eligibility for the project-based program is like to the voucher programs, but waiting list and application policies will vary depending on the landlord.

Public Housing Agencies Serving Smithfield, Virginia

Housing Authorisation	Programs
Suffolk Redevelopment and Housing Authorization	Department viii Housing Choice Voucher (HCV); Public Housing; Veteran Diplomacy Supportive Housing (VASH)

Guide To Affordable Housing in Smithfield, Virginia

There are six depression income housing flat communities offer 398 affordable apartments for rent in Smithfield, Virginia.

Income Based Apartments in Smithfield, Virginia

Smithfield features 240 income based apartments. Tenants of income based apartments typically pay no more than 30% of their income towards rent and utilities.

Low Hire Apartments in Smithfield, Virginia

There are 158 rent subsidized apartments that do not provide direct rental assistance only remain affordable to low income households in Smithfield.

Housing Choice Vouchers in Smithfield, Virginia

On average, Section viii Housing Choice vouchers pay Smithfield landlords $800 per month towards hire. The average voucher holder contributes $400 towards rent in Smithfield.

The maximum amount a voucher would pay on behalf of a low-income tenant in Smithfield, Virginia for a two-chamber apartment is betwixt $i,074 and $ane,312.

2022 Smithfield, Virginia Fair Market Rents and Housing Choice Voucher Payment Standards

Fair Market Rents tin be used to meliorate understand the average housing costs of an expanse. Fair Market place Rents are used by HUD to constitute payment and hire standards for federal rental assist programs like the Department 8 Housing Choice Voucher Program.

	Studio	I BR	2 BR	Three BR	Iv BR
Smithfield, Virginia Fair Market Rent	$993	$1,015	$1,193	$i,676	$2,042
Smithfield, Virginia Payment Standard Range	$894 to $1,092	$914 to $1,117	$1,074 to $one,312	$1,508 to $1,844	$1,838 to $2,246

Sourced from federal housing data and AffordableHousingOnline.com inquiry.

Smithfield, VA Affordable Housing Snapshot

Total Affordable Apartment Properties	6
Total Low Income Apartments	398
Total Housing Units with Rental Assistance	240
Percentage of Housing Units Occupied Past Renters	30.eighteen%
Average Renter Household Size	2.48
Average Household Size	ii.50
Median Household Income	$66,004 ±$7,111
Median Hire	$846 ±$166
Per centum Of Renters Overburdened	51.12% ± 12.72pp
Total Population	8,233

Population and Household Demographics

Smithfield is a city in Isle of Wight County, Virginia with a population of 8,233. There are 3,247 households in the city with an average household size of 2.50 persons. 30.eighteen% of households in Smithfield are renters.

Income and Rent Overburden in Smithfield

The median gross income for households in Smithfield is $66,004 a year, or $5,500 a month. The median hire for the metropolis is $846 a month.

Households who pay more than 30 percent of their gross income are considered to exist Rent Overburdened. In Smithfield, a household making less than $2,820 a month would be considered overburdened when renting an apartment at or above the median rent. 51.12% of households who hire are overburdened in Smithfield.

Area Median Income In Smithfield

Affordable housing programme eligibility is ever determined by one'due south income. Each household's income is compared to the incomes of all other households in the surface area. This is accomplished through a statistic established by the authorities called the Area Median Income, most often referred to every bit AMI. The AMI is calculated and published each year past HUD.

HUD often uses an area larger than a city to determine the AMI because HUD anticipates those searching for housing volition look beyond individual cities during their housing search. For Smithfield, the AMI is calculated from all households within Isle of Wight County.

In Smithfield, HUD calculates the Expanse Median Income for a family of four as $84,500

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 Department viii, HOME, LIHTC, Section 515, 202 and 811.

Rental Help in Smithfield

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 tin can come in the grade of Department 8 Housing Selection Vouchers, projection-based Section 8 contracts, public housing, USDA Rental Aid (in Section 515 properties) as well as HUD Section 202 and 811 properties for elderly and disabled households.

Income Qualifications for HUD Rental Aid in Smithfield

	1 Person	2 Person	3 Person	four Person	5 Person	6 Person	7 Person	8 Person
30% AMI Income Limits Renters earning upward to 30% of the Smithfield AMI may qualify for rental assist programs that target Extremely Depression Income households.	$17,750	$20,300	$22,850	$26,500	$31,040	$35,580	$40,120	$44,660
50% AMI Income Limits Renters earning upward to 50% of the Smithfield AMI may authorize for rental aid programs that target Very Low Income households.	$29,600	$33,800	$38,050	$42,250	$45,650	$49,050	$52,400	$55,800
80% AMI Income Limits Renters earning upwardly to 80% of the Smithfield AMI may qualify for rental help programs that target Low Income households.	$47,350	$54,100	$60,850	$67,600	$73,050	$78,450	$83,850	$89,250

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Source: https://affordablehousingonline.com/housing-search/Virginia/Smithfield

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