Affordable Housing In Cordova
Walker County, Alabama

3 Low Income Apartment Communities In Cordova

Cordova Park

570 Bevill Dr
Cordova, Alabama

Warrior River Apartments Phase I

100 Warrior River Ln
Cordova, Alabama

Cordova Ha

106 Avon St
Cordova, Alabama
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Section 8 Vouchers, Apartments, and Waiting Lists in Cordova, Alabama

Public Housing Agencies operate federally assisted affordable housing programs at local levels on behalf of HUD. Notably, housing agencies are responsible for managing Section 8 Housing Choice Voucher, Public Housing, and Project-Based Voucher waiting lists within their jurisdiction.

Households who qualify for these programs may also qualify for Project-Based Section 8, which contributes rental assistance payments directly to private landlords on behalf of low-income tenants. Eligibility for the project-based program is similar to the voucher programs, but waiting list and application policies will vary depending on the landlord.

Public Housing Agencies Serving Cordova, Alabama

Housing Authority Programs
Housing Authority of Cordova Section 8 Housing Choice Voucher (HCV); Public Housing
Walker County Housing Authority Section 8 Housing Choice Voucher (HCV); Public Housing

Guide To Affordable Housing in Cordova, Alabama

There are 3 low income housing apartment communities offering 172 affordable apartments for rent in Cordova, Alabama.

Income Based Apartments in Cordova, Alabama

Cordova features 172 income based apartments. Tenants of income based apartments typically pay no more than 30% of their income towards rent and utilities.

Low Rent Apartments in Cordova, Alabama

There are 0 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Cordova.

Housing Choice Vouchers in Cordova, Alabama

On average, Section 8 Housing Choice vouchers pay Cordova landlords $0 per month towards rent. The average voucher holder contributes $0 towards rent in Cordova.

The maximum amount a voucher would pay on behalf of a low-income tenant in Cordova, Alabama for a two-bedroom apartment is between $666 and $814.

2023 Cordova, Alabama Fair Market Rents and Housing Choice Voucher Payment Standards

Fair Market Rents can be used to better understand the average housing costs of an area. 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.

Studio One BR Two BR Three BR Four BR
Cordova, Alabama Fair Market Rent $560 $562 $740 $1,004 $1,042
Cordova, Alabama Payment Standard Range $504 to $616 $506 to $618 $666 to $814 $904 to $1,104 $938 to $1,146

Sourced from federal housing data and research.

Cordova, AL Affordable Housing Snapshot

Total Affordable Apartment Properties 3
Total Low Income Apartments 172
Total Housing Units with Rental Assistance 172
Percentage of Housing Units Occupied By Renters 47.02%
Average Renter Household Size 2.25
Average Household Size 2.25
Median Household Income $19,139 ±$2,319
Median Rent $434 ±$44
Percentage Of Renters Overburdened 40% ± 10.36pp
Total Population 2,074

Population and Household Demographics

Cordova is a city in Walker County, Alabama with a population of 2,074. There are 872 households in the city with an average household size of 2.25 persons. 47.02% of households in Cordova are renters.

Income and Rent Overburden in Cordova

The median gross income for households in Cordova is $19,139 a year, or $1,595 a month. The median rent for the city is $434 a month.

Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Cordova, a household making less than $1,447 a month would be considered overburdened when renting an apartment at or above the median rent. 40% of households who rent are overburdened in Cordova.

Area Median Income In Cordova

Affordable housing program eligibility is always determined by one's income. Each household's income is compared to the incomes of all other households in the area. This is accomplished through a statistic established by the government called the Area Median Income, most often referred to as AMI. The AMI is calculated and published each year by HUD.

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. For Cordova, the AMI is calculated from all households within Walker County.

In Cordova, HUD calculates the Area Median Income for a family of four as $63,900

Most affordable housing programs determine eligibility based on the percent of AMI a given household's income is. Among the programs that determine eligibility based on the AMI are Section 8, HOME, LIHTC, Section 515, 202 and 811.

Rental Assistance in Cordova

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. 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.

Income Qualifications for HUD Rental Assistance in Cordova

1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
30% AMI Income Limits
Renters earning up to 30% of the Cordova AMI may qualify for rental assistance programs that target Extremely Low Income households.
$13,590 $18,310 $23,030 $27,750 $32,470 $37,100 $39,650 $42,200
50% AMI Income Limits
Renters earning up to 50% of the Cordova AMI may qualify for rental assistance programs that target Very Low Income households.
$22,400 $25,600 $28,800 $31,950 $34,550 $37,100 $39,650 $42,200
80% AMI Income Limits
Renters earning up to 80% of the Cordova AMI may qualify for rental assistance programs that target Low Income households.
$35,800 $40,900 $46,000 $51,100 $55,200 $59,300 $63,400 $67,500