Affordable Housing In Fort Deposit
Lowndes County, Alabama

3 Low Income Apartment Communities In Fort Deposit

Edgewood Manor

206 Edgewood Dr
Fort Deposit, Alabama

Pecan Grove Apartments

108A Pecan Grv
Fort Deposit, Alabama

Fort Deposit

701 Edgewood St
Fort Deposit, Alabama
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Section 8 Vouchers, Apartments, and Waiting Lists in Fort Deposit, 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 Fort Deposit, Alabama

Housing Authority Programs
Housing Authority of the Town of Fort Deposit Public Housing

Guide To Affordable Housing in Fort Deposit, Alabama

There are 3 low income housing apartment communities offering 133 affordable apartments for rent in Fort Deposit, Alabama.

Income Based Apartments in Fort Deposit, Alabama

Fort Deposit features 73 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 Fort Deposit, Alabama

There are 60 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Fort Deposit.

Housing Choice Vouchers in Fort Deposit, Alabama

On average, Section 8 Housing Choice vouchers pay Fort Deposit landlords $400 per month towards rent. The average voucher holder contributes $300 towards rent in Fort Deposit.

The maximum amount a voucher would pay on behalf of a low-income tenant in Fort Deposit, Alabama for a two-bedroom apartment is between $823 and $1,005.

2022 Fort Deposit, 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
Fort Deposit, Alabama Fair Market Rent $643 $764 $914 $1,156 $1,494
Fort Deposit, Alabama Payment Standard Range $579 to $707 $688 to $840 $823 to $1,005 $1,040 to $1,272 $1,345 to $1,643

Sourced from federal housing data and research.

Fort Deposit, AL Affordable Housing Snapshot

Total Affordable Apartment Properties 3
Total Low Income Apartments 133
Total Housing Units with Rental Assistance 73
Percentage of Housing Units Occupied By Renters 41.6%
Average Renter Household Size 2.85
Average Household Size 2.83
Median Household Income $23,963 ±$5,372
Median Rent $447 ±$190
Percentage Of Renters Overburdened 43.12% ± 19.14pp
Total Population 1,482

Population and Household Demographics

Fort Deposit is a city in Lowndes County, Alabama with a population of 1,482. There are 524 households in the city with an average household size of 2.83 persons. 41.6% of households in Fort Deposit are renters.

Income and Rent Overburden in Fort Deposit

The median gross income for households in Fort Deposit is $23,963 a year, or $1,997 a month. The median rent for the city is $447 a month.

Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Fort Deposit, a household making less than $1,490 a month would be considered overburdened when renting an apartment at or above the median rent. 43.12% of households who rent are overburdened in Fort Deposit.

Area Median Income In Fort Deposit

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 Fort Deposit, the AMI is calculated from all households within Lowndes County.

In Fort Deposit, HUD calculates the Area Median Income for a family of four as $75,500

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 Fort Deposit

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 Fort Deposit

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 Fort Deposit AMI may qualify for rental assistance programs that target Extremely Low Income households.
$15,900 $18,310 $23,030 $27,750 $32,470 $37,190 $41,910 $46,630
50% AMI Income Limits
Renters earning up to 50% of the Fort Deposit AMI may qualify for rental assistance programs that target Very Low Income households.
$26,450 $30,200 $34,000 $37,750 $40,800 $43,800 $46,850 $49,850
80% AMI Income Limits
Renters earning up to 80% of the Fort Deposit AMI may qualify for rental assistance programs that target Low Income households.
$42,300 $48,350 $54,400 $60,400 $65,250 $70,100 $74,900 $79,750