Renters earning up to 50% of the Eden AMI may qualify for rental assistance programs that target Very Low Income households. Renters earning up to 30% of the Eden AMI may qualify for rental assistance programs that target Extremely Low Income households. Income Qualifications for HUD Rental Assistance in Eden 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 Eden, HUD calculates the Area Median Income for a family of four as $70,300 For Eden, the AMI is calculated from all households within Rockingham 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 EdenĪffordable housing program eligibility is always determined by one's income. In Eden, a household making less than $2,070 a month would be considered overburdened when renting an apartment at or above the median rent.Ĥ8.38% of households who rent are overburdened in Eden. Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. The median gross income for households in Eden is $28,960 a year, or $2,413 a month. 45.42% of households in Eden are renters. There are 6,458 households in the city with an average household size of 2.35 persons. ± 7.64pp Total Population 15,483 Population and Household DemographicsĮden is a city in Rockingham County, North Carolina with a population of 15,483. ±$32 Percentage Of Renters Overburdened 48.38% Total Affordable Apartment Properties 16 Total Low Income Apartments 785 Total Housing Units with Rental Assistance 413 Percentage of Housing Units Occupied By Renters 45.42% Average Renter Household Size 2.34 Average Household Size 2.35 Median Household Income $28,960 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 Eden, North Carolina 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 Eden, North Carolina for a two-bedroom apartment is between $734 and $897. The average voucher holder contributes $300 towards rent in Eden. On average, Section 8 Housing Choice vouchers pay Eden landlords $400 per month towards rent. Housing Choice Vouchers in Eden, North Carolina There are 372 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Eden. Low Rent Apartments in Eden, North Carolina Tenants of income based apartments typically pay no more than 30% of their income towards rent and utilities. Eden, North Carolina Affordable Housing Data Income Based Apartments in Eden, North CarolinaĮden features 413 income based apartments.
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