Location: Trinity County, CA | Metro: Redding, CA MSA
| Unit Size | Monthly FMR |
|---|---|
| Studio | $1,060 |
| 1 Bedroom | $1,100 |
| 2 Bedrooms | $1,440 |
| 3 Bedrooms | $1,990 |
| 4 Bedrooms | $2,410 |
| 5 Bedrooms | $2,796 |
| 6 Bedrooms | $3,132 |
| 7 Bedrooms | $3,383 |
| 8 Bedrooms | $3,552 |
U.S. Census Bureau data (2024)
To understand how Section 8 economics work in ZIP 96076, it's crucial to know the Specific Area Fair Market Rent (SAFMR) for a two-bedroom apartment, which is set at $1490 for fiscal year 2024. This SAFMR is specifically designated for this ZIP code, reflecting the unique housing costs in the area.
The SAFMR serves as the ceiling for rental payments covered by the Section 8 Housing Choice Voucher program. However, the actual amount paid to landlords consists of two parts: the tenant contribution and the government subsidy. Typically, tenants must pay 30% of their adjusted income towards rent. If a tenant's adjusted monthly income is $1000, they would contribute $300 toward the rent.
The government then covers the difference between the tenant’s contribution and the SAFMR, up to the limit. In this case, if the tenant contributes $300, the government would pay the remaining $1190. Additionally, there are utility allowances, which can vary but generally add a few hundred dollars to the total reimbursement. For simplicity, let's assume an average utility allowance of $200 per month.
This brings the total reimbursement to $1390 ($300 tenant contribution + $1190 government subsidy + $200 utility allowance). Therefore, the reimbursement gap or surplus is calculated by comparing this total with the SAFMR. In ZIP 96076, the reimbursement will be $100 less than the SAFMR for a two-bedroom unit.
Landlords should also note that the Section 8 program includes a requirement for units to meet certain housing quality standards. These inspections ensure that the property is safe and habitable, which can affect the overall cost and maintenance required to maintain a rental unit under the program.
In summary, while the SAFMR for ZIP 96076 is $1490 for a two-bedroom unit, the typical reimbursement from a voucher will be $1390, leaving a gap of $100. This economic framework helps landlords understand the financial implications of participating in the Section 8 program.
Data Sources: FMR data from HUD (2027). Demographics from U.S. Census (2024).
About FMR: Fair Market Rent (FMR) is used to determine payment standards for the Section 8 Housing Choice Voucher program, initial renewal rents for some expiring project-based Section 8 contracts, and rent ceilings for HOME Investment Partnerships.