![]() Renters earning up to 80% of the Boynton Beach AMI may qualify for rental assistance programs that target Low Income households.Palm Beach County, Florida Affordable Housing Data Income Based Apartments in Palm Beach County, Florida ![]() Renters earning up to 50% of the Boynton Beach AMI may qualify for rental assistance programs that target Very Low Income households. Renters earning up to 30% of the Boynton Beach AMI may qualify for rental assistance programs that target Extremely Low Income households. Income Qualifications for HUD Rental Assistance in Boynton Beach 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 Boynton Beach, HUD calculates the Area Median Income for a family of four as $98,300 For Boynton Beach, the AMI is calculated from all households within Palm Beach 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 Boynton BeachĪffordable housing program eligibility is always determined by one's income. In Boynton Beach, a household making less than $4,197 a month would be considered overburdened when renting an apartment at or above the median rent.ĥ8.88% of households who rent are overburdened in Boynton Beach. Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. The median gross income for households in Boynton Beach is $46,178 a year, or $3,848 a month. Income and Rent Overburden in Boynton Beach 37.34% of households in Boynton Beach are renters. There are 28,989 households in the city with an average household size of 2.44 persons. ± 4.8pp Total Population 71,530 Population and Household Demographicsīoynton Beach is a city in Palm Beach County, Florida with a population of 71,530. ±$41 Percentage Of Renters Overburdened 58.88% Total Affordable Apartment Properties 5 Total Low Income Apartments 762 Total Housing Units with Rental Assistance 0 Percentage of Housing Units Occupied By Renters 37.34% Average Renter Household Size 2.57 Average Household Size 2.44 Median Household Income $46,178 Sourced from federal housing data and research.īoynton Beach, FL Affordable Housing Snapshot 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 Boynton Beach, 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 Boynton Beach, Florida for a two-bedroom apartment is between $1,693 and $2,069. The average voucher holder contributes $400 towards rent in Boynton Beach. On average, Section 8 Housing Choice vouchers pay Boynton Beach landlords $1,100 per month towards rent. Housing Choice Vouchers in Boynton Beach, Florida There are 762 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Boynton Beach. Low Rent Apartments in Boynton Beach, Florida Tenants of income based apartments typically pay no more than 30% of their income towards rent and utilities. Boynton Beach, Florida Affordable Housing Data Income Based Apartments in Boynton Beach, Floridaīoynton Beach features 0 income based apartments.
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