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WHO IS ELIGIBLE TO PARTICIPATE IN THE MAGNET HOUSING RENTAL PROGRAM The Fairfax County Redevelopment and Housing Authority has partnered with the Fairfax County Public Schools the Fairfax County Fire and Rescue and Police Departments and Fairfax. Further the cost of housing has placed Fairfax County out of reach even for those who work here. The Magnet Housing Rental Program provides attractive well-located affordable housing for qualified applicants so they can reach their career goals while e ...

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What is considered low income in Fairfax County?

Low-to-Moderate Income Households are generally defined to be those earning 60 percent of the Area Median Income (AMI) or below as indicated by the U.S. Department of Housing and Urban Development. In fiscal year 2021, 60 percent of AMI for a family of four in Fairfax County was $77,400.

What is the poverty level income Fairfax County?

Poverty in Fairfax County In 2019, poverty for a family of four is defined as a family annual income of less than $25,750 per year. (6.0% or 1 in 17) people live in poverty. (10.0% or 1 in 13) children under age 5 live in poverty. (4.7% or 1 in 18) people over age 65 live in poverty.

What is the income limit for the Fairfax County Housing Program 2023?

The WDU Program establishes maximum household income limits between 60 and 120 percent of the Area Median Income (AMI). The 2023 AMI for a household of four is $152,100 as set by the US Department of Housing and Urban Development.

What qualifies as low income in Virginia?

Income: HUD defines low-income individuals and families as meeting 80% of the median income of their county or metropolitan area. Very-low income is defined as not exceeding 50% of the median income of their county or metropolitan area. Household size is also considered when determining income eligibility.

What is the average household income in Fairfax County Virginia?

About. In 2021, Fairfax County, VA had a population of 1.15M people with a median age of 38.3 and a median household income of $133,974.

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How much do you need to make to live in Fairfax County?

In terms of salary, ing to EPI, a typical household (two adults and two children) in Fairfax County would need $9,797 a month or $117,561 a year to live comfortably. Their calculator accounts for housing, food, child care, transportation, taxes, other necessities, and healthcare costs.

What is the income limit for affordable Housing in Fairfax County 2023?

What is the Fairfax County affordable housing Project?

The Fairfax County Redevelopment and Housing Authority and Fairfax County Government have established the goal of creating 10,000 new units of affordable housing by the year 2034 and to preserve the countys existing stock of affordable housing.

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