as of June 30, 2015
Covington Housing Authority operates 244 affordable units across its public housing portfolio.
Bedroom Sizes of Public Housing Units
The bedroom sizes of Covington Housing Authority public housing units range from studio apartments to 5 bedroom apartments. The housing authority’s public housing inventory includes: 3% studio apartments, 29% 1 bedroom apartments, 31% 2 bedroom apartments, 24% 3 bedroom apartments, 10% 4 bedroom apartments and 3% 5 bedroom apartments.
Vacancies in Public Housing Portfolio
As of Covington Housing Authority’s most recent Resident Characteristics Report (June 30, 2015), the 16-month average number of units occupied was 242 out of a total 244 rental units. This represents a 16-month average vacany rate of 0.82%.
Of the 205 households who reported head of household data in the housing authority’s most recent RCR report, 14 (6.83%) were elderly, 191 (93.17%) were non-elderly, 63 (30.73%) were disabled, 125 (60.98%) contained children and
120 (58.54%) were headed by a female.
Tenant Contributions to Rent
Residents of public housing pay rent based on their income. The rent contribution of the tenant is called the Total Tenant Payment (TTP). The TTP is generally 30% of a residents income with a $25 (National minimum) to $50 (some PHA’s) minimum rent. Based on the information in the most recent Resident Characteristics Report (June 30, 2015) the minimum rent in Covington Housing Authority's public housing developments is $50.
The average tenant rent contribution for Covington Housing Authority’s public housing developments is $172.
The TTP distribution across all public housing units in the Covington Housing Authority portfolio is:
The average tenant contribution for elderly residents residing in all properties across the housing authority’s public housing portfolio is $197. The average rent payment for disabled residents is $281. The average TTP for non-elderly, non-disabled renters in the housing authority’s public housing units is $562. Households headed by females had a total tenant payment of $144.
Race and Ethnicity
The HUD Resident Characteristics Report provides updated Head of Household race and ethnicity data at the housing authority and property level. Across all properties in the Covington Housing Authority portfolio, 79% of households identified as Black, 21% identified as White, and 0% identified as Hispanic or Latino.
Income of Public Housing Residents
HUD divides household income into four categories: Extremely Low Income (ELI) for households earning less than 30% of the median, Very Low Income (VLI) for households earning between 30% and 50% of the median, Low Income (LI) for households earning between 50% and 80% of the median and Above Low Income for households earning 81% of the median and over.
Of the public housing residents residing in Covington Housing Authority properties, 223 were Extremely Low Income, 14 were Very Low Income, 4 were Low Income and 0 were Above Low Income.
The average annual income of public housing residents living in Covington Housing Authority properties is $7,092. Of all public housing residents, 4% have no income and 2% earn more than $25,000 while 94% have incomes that fall between $0 and $25,000.
The distribution of incomes among the housing authority’s public housing residents is:
The HUD RCR data includes source of income information as well. The data includes five categories of family income: wage income, welfare income, SSI/SS/Pension income, other income and no income. Some families receive income in multiple categories.
Among families residing in Covington Housing Authority public housing 23% have wage income, 89% have welfare income, 45% have SSI/SS/Pension income, 32% have other income and 1% have no income.
Household Information of Public Housing Residents
As of the last HUD RCR report (June 30, 2015), there were a total of 242 households containing 515 total persons residing in the housing authority’s public housing properties. The average household size across all properties in the housing authority’s public housing portfolio was 2.1.
Across all units operated by the housing authority, 60.98% of households included children. Across all household members in Covington Housing Authority public houins units 19.8% are aged zero to five and 26.6% are aged 6 to 17.
10.5% of all residents across the housing authority were age 62 or older and are considered seniors while 43.1% of all residents were aged 18 to 61.
Length of Stay at Public Housing Properties
The HUD RCR report includes length of stay data for Covington Housing Authority public housing communities. 26.45% of all families residing in public housing have lived there for less than 1 year, 10.74% have lived in public housing for 1 to 2 years while 62.81% have lived in public housing for more than 2 years.
Public housing authorities provide several affordable housing assistance programs to renters and sometimes homeowners. Most of these programs are funded by the Federal government through the Department of Housing and Urban Development (HUD).
The two primary housing programs administered by housing authorities are the Section 8 Housing Choice Voucher Program and the Low Rent Housing Program, also known as Public Housing.
Section 8 vouchers provide a rental subsidy to renters that absorbs housing costs that exceed 30% of their income. Renters can use the voucher to rent private housing in apartment communities or privately owned homes. The rent is capped based on a Payment Standard that is determined by the housing authority based on market rents in the target area. Section 8 assistance is very limited across the country and typically waiting lists for the assistance can stretch out for a decade.
Public housing is rental housing owned and managed by housing authorities. Renters pay only 30% of their adjusted income. Typically, public housing consists of apartment developments but sometimes can be scattered single family homes in some suburban or rural housing authorities. Public housing was the first form of affordable housing provided to low income Americans. It is one of the oldest housing assistance programs in the country.