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| Affordable Housing in Minnesota |
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| Affordable Housing in Wisconsin |
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| Affordable Housing in Iowa |
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| Section 42 - Tax Credit Housing |
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| What Is Affordable Housing? |
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| Housing for People With Disabilities |
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| What is Affordable Housing?
Housing should cost no more than 30% of annual household income, yet it often costs considerably more for low and median wage-earners. Affordable housing makes it possible for households that earn 60% or less of area median income (AMI) to pay for housing. Use the tools and program information below to help determine your eligibility and learn more about our programs.
CommonBond's Housing Programs
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Am I Eligible for Affordable Housing?
To determine your eligiblity, you need to know two things:
- Does your household earn 60% or less of Area Median Income?
- Does housing cost more than 30% of your yearly household income?
Use the tools below to determine AMI and income percent. We can also help you determine which housing program you qualify for. Please contact us if you have any questions about our housing programs.
Determining Area Median Income
Does your household earn 60% or less of Area Median Income? Use the efanniemae.com Area Median Income search tool to find out.
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Section 42 Housing
What is Section 42?
Section 42 assists households that make 30-60% of Area Median Income (AMI). These households pay lower than the area's market rate. Use efanniemae.com to look up your area's AMI.
How to Apply for Section 42 Housing
Follow the link below to find Section 42 Housing and Application forms. Download an application form, fill it out, and email it, mail it, or bring it to the property at which you want to live.
Section 42 Apartments and Townhomes
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Section 8 Housing
What is Section 8?Section 8 helps low and very low-income households. There are two types of Section 8 programs: Section 8 vouchers and project-based Section 8.
Project-based Section 8 is an affordable housing subsidy connected to the rental unit. The subsidy provides the difference between the market rate value of the home and 30% of the resident’s income. If the resident moves, the subsidy will go to the next qualified resident who moves into the Section 8 unit.
Section 8 Vouchers are given to individuals, not properties. CommonBond welcomes people with Section 8 vouchers. Once a person acquires a Section 8 Voucher from the government, their household can choose to live at many properties (market rate or affordable) and the government pays the difference between 30% of the renter’s income and the fair market rate of an apartment in that area.
How to apply for Section 8 Housing
For more information about voucher-based Section 8, click here. You may apply for project-based Section 8 with us. Follow the link below to find Section 8 Housing and Application forms. Download an application form, fill it out, and email it, mail it, or bring it to the property at which you want to live.
Section 8 Apartments and Townhomes
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Section 202 Housing
What is Section 202?
The Section 202 program helps low-income seniors (age 62 and older) who require housing and services that provide some assistance with daily living. Rent is usually 30% of adjusted gross income.
How to Apply for Section 202 Housing
Follow the link below to find Section 202 Housing and Application forms. Download an application form, fill it out, and email it, mail it, or bring it to the property at which you want to live.
Section 202 Apartments and Townhomes
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Section 236 Housing
What is Section 236?
Section 236 helps low-income renters, including families, seniors, disabled people, and individuals. For income-qualifying residents, rent will fall between 30% of household income and market rate.
How to Apply for Section 236 Housing
Follow the link below to find Section 236 Housing and Application forms. Download an application form, fill it out, and email it, mail it, or bring it to the property at which you want to live.
Section 236 Apartments and Townhomes.
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Section 811 and 202/8 Housing
What is Section 811?
Section 811 helps low-income renters with disabilities. Rent is usually 30% of income.
How to Apply for Section 811 Housing
Follow the link below to find Section 811 Housing and Application forms. Download an application form, fill it out, and email it, mail it, or bring it to the property at which you want to live.
Section 811 Apartments and Townhomes.
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