zillow apartments for sale in broward county

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 Broward County, HUD calculates the Area Median Income for a family of four as $82,100 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. In Broward County, a household making less than $3,970 a month would be considered overburdened when renting an apartment at or above the median rent.ĥ7.8% of households who rent are overburdened in Broward County.Īffordable housing program eligibility is always determined by one's income. Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. The median gross income for households in Broward County is $51,968 a year, or $4,331 a month. Income and Rent Overburden in Broward County 36.49% of households in Broward County are renters. There are 670,284 households in the county with an average household size of 2.73 persons. Percentage of Housing Units Occupied By Rentersīroward County is a county in Florida with a population of 1,843,152. Total Housing Units with Rental Assistance Report this ad Broward County, FL Affordable Housing Snapshot 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.īroward County, Florida Payment Standard Range 2022 Broward County, Florida 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 Broward County, Florida for a two-bedroom apartment is between $1,400 and $1,712. The average voucher holder contributes $400 towards rent in Broward County. On average, Section 8 Housing Choice vouchers pay Broward County landlords $1,000 per month towards rent. Housing Choice Vouchers in Broward County, Florida

There are 12,516 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Broward County. Low Rent Apartments in Broward County, Florida Tenants of income based apartments typically pay no more than 30% of their income towards rent and utilities. Income Based Apartments in Broward County, Floridaīroward County features 4,331 income based apartments. There are 120 low income housing apartment communities offering 17,461 affordable apartments for rent in Broward County, Florida. Guide To Affordable Housing in Broward County, Florida

Section 8 Housing Choice Voucher (HCV) Public Housing Housing Authority of the City of Fort Lauderdale Section 8 Housing Choice Voucher (HCV) Section 8 Project-Based Rental Assistance (PBRA) Rental Assistance Demonstration (RAD) Public Housing Agencies Serving Broward County, Florida Housing Authority Eligibility for the project-based program is similar to the voucher programs, but waiting list and application policies will vary depending on the landlord. 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. Notably, housing agencies are responsible for managing Section 8 Housing Choice Voucher, Public Housing, and Project-Based Voucher waiting lists within their jurisdiction. Public Housing Agencies operate federally assisted affordable housing programs at local levels on behalf of HUD. Section 8 Vouchers, Apartments, and Waiting Lists in Broward County, Florida

Zillow apartments for sale in broward county