Affordable Housing In Gordo
Pickens County, Alabama

4 Low Income Apartment Communities In Gordo

Grandview Gardens Apartments

617 Garden Dr
Gordo, AL
Subsidized

West Ridge Apartments

347 Industrial Park St
Gordo, AL
HCV Welcome

West Hill Square Apartments

25770 Highway 82
Gordo, AL
Subsidized

John Geer Cts

184 3rd St NE
Gordo, AL
  • «
  • 1
  • »

Other Housing Authorities located in Gordo

Housing Authority Programs
Gordo Housing Authority Section 8 Housing Choice Voucher (HCV); Public Housing

Guide To Affordable Housing in Gordo, Alabama

There are 4 low income housing apartment communities offering 155 affordable apartments for rent in Gordo, Alabama. Gordo features 129 low income apartments with rental assistance where households typically pay no more than 30% of their income towards rent. Additionally, there are 26 other low income apartments that don't provide direct rental assistance but remain affordable to low income households in Gordo.

Sourced from federal housing data and AffordableHousingOnline.com research.

Gordo, AL Affordable Housing Snapshot

Total Affordable Apartment Properties 4
Total Low Income Apartments 155
Total Housing Units with Rental Assistance 129
Percentage of Housing Units Occupied By Renters 48%
Average Renter Household Size 2.09
Average Household Size 2.58
Median Household Income $30,781 ±$7,033
Median Rent $406 ±$58
Percentage Of Renters Overburdened 34.94% ± 12.66pp
Total Population 1,680

Population and Household Demographics

Gordo is a City in Pickens County, Alabama with a population of 1,680. There are 650 households in the city with an average household size of 2.58 persons. 48% of households in Gordo are renters.

Income and Rent Overburden in Gordo

The median gross income for households in Gordo is $30,781 a year, or $2,565 a month. The median rent for the city is $406 a month.

Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Gordo, a household making less than $1,353 a month would be considered overburdened when renting an apartment at or above the median rent. 34.94% of households who rent are overburdened in Gordo.1

Area Median Income In Gordo

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 Gordo, the AMI is calculated from all households within Pickens County.

In Gordo, HUD calculates the Area Median Income for a family of four as $49,100

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 Gordo

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 Gordo HUD Rental Assistance in Gordo

Income 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
30% of Median $12,490 $16,910 $21,330 $25,750 $27,850 $29,900 $31,950 $34,000
50% of Median $18,050 $20,600 $23,200 $25,750 $27,850 $29,900 $31,950 $34,000
80% of Median $28,850 $33,000 $37,100 $41,200 $44,500 $47,800 $51,100 $54,400
Low Income Housing Tax Credits in Gordo

The Low-Income Housing Tax Credit (LIHTC) program aims to create affordable rental housing for low and very low income families.

From 2003 to 2008, 2 low income apartment communities containing 50 rental apartments have been constructed and made affordable to low income persons in Gordo by the Low Income Housing Tax Credit Program.

If your income is less than 60% of the Area Median Income (AMI), you should not expect to pay more than the rent value for a unit in the table below. However, Affordable apartment communities that receive funding through the Low Income Housing Tax Credit program may have rental units that are not subject to income and rent limits.

Rent limits for the LIHTC Program are determined so that a household making the maximum income for the expected household size of the unit would only pay 30% of their income for rent.

Income Qualifications for Low Income Housing Tax Credit Apartments in Gordo

Income 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
50% of Median $18,050 $20,600 $23,200 $25,750 $27,850 $29,900 $31,950 $34,000
60% of Median $21,660 $24,720 $27,840 $30,900 $33,420 $35,880 $38,340 $40,800

For example, the expected household size for a two bedroom apartment is 3 people. Using the table above, the maximum income for a 3 person household at 60% of the AMI in Gordo is $27,840 a year, or $2,320 a month. To determine the maximum rent in the table below we multiply the monthly maximum income, $2,320 by 30% to get a maximum rent of $696 a month.

Rent for units in the LIHTC Program include a utility allowance which is determined by the average monthly cost of utilities paid directly by residents. This allowance has not been subtracted from the rents in the table below. These utility allowances are set on a property by property basis.

% of AMI Studio 1 Bed 2 Bed 3 Bed 4 Bed 5 Bed
50% $451 $483 $580 $670 $748 $824
60% $542 $580 $696 $804 $897 $989
Fair Market Rents in Gordo

Fair Market Rents, often abbreviated as FMR, can be used to better understand the average housing costs of an area. Notably, Fair Market Rents are used to establish the payment standards for the Housing Choice Voucher Program, maximum rents in HOME financed rental projects and initial rents for Section 8 project based assistance.

2020 Fair Market Rents
Studio One BR Two BR Three BR Four BR
$486 $489 $612 $826 $829