Affordable Housing In La Fayette
Chambers County, Alabama

1 Low Income Apartment Communities In La Fayette

Valley View Apartments

720 B St SW
La Fayette, Alabama
1 BR
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Housing Authorities that serve La Fayette

Housing Authority Programs
Auburn Housing Authority Section 8 Housing Choice Voucher (HCV); Public Housing; Homeownership Voucher; Family Self-Sufficiency; Moving to Work

Guide To Affordable Housing in La Fayette, Alabama

There are 1 low income housing apartment communities offering 30 affordable apartments for rent in La Fayette, Alabama.

Income Based Apartments in La Fayette, Alabama

La Fayette features 0 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 La Fayette, Alabama

There are 30 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in La Fayette.

Housing Choice Vouchers in La Fayette, Alabama

On average, Section 8 Housing Choice vouchers pay La Fayette landlords $500 per month towards rent. The average voucher holder contributes $300 towards rent in La Fayette.

The maximum amount a voucher would pay on behalf of a low-income tenant in La Fayette, Alabama for a two-bedroom apartment is between $670 and $818.

2021 La Fayette, 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
La Fayette, Alabama Fair Market Rent $534 $620 $744 $956 $1,046
La Fayette, Alabama Payment Standard Range $481 to $587 $558 to $682 $670 to $818 $860 to $1,052 $941 to $1,151

Sourced from federal housing data and research.

La Fayette, AL Affordable Housing Snapshot

Total Affordable Apartment Properties 1
Total Low Income Apartments 30
Total Housing Units with Rental Assistance 0
Percentage of Housing Units Occupied By Renters 44.63%
Average Renter Household Size 2.28
Average Household Size 2.44
Median Household Income $25,666 ±$2,963
Median Rent $524 ±$66
Percentage Of Renters Overburdened 44.93% ± 13.52pp
Total Population 2,989

Population and Household Demographics

La Fayette is a city in Chambers County, Alabama with a population of 2,989. There are 1,127 households in the city with an average household size of 2.44 persons. 44.63% of households in La Fayette are renters.

Income and Rent Overburden in La Fayette

The median gross income for households in La Fayette is $25,666 a year, or $2,139 a month. The median rent for the city is $524 a month.

Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In La Fayette, a household making less than $1,747 a month would be considered overburdened when renting an apartment at or above the median rent. 44.93% of households who rent are overburdened in La Fayette.

Area Median Income In La Fayette

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 La Fayette, the AMI is calculated from all households within Chambers County.

In La Fayette, HUD calculates the Area Median Income for a family of four as $53,700

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 La Fayette

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 La Fayette

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 La Fayette AMI may qualify for rental assistance programs that target Extremely Low Income households.
$12,880 $17,420 $21,960 $26,500 $29,800 $32,000 $34,200 $36,400
50% AMI Income Limits
Renters earning up to 50% of the La Fayette AMI may qualify for rental assistance programs that target Very Low Income households.
$19,300 $22,050 $24,800 $27,550 $29,800 $32,000 $34,200 $36,400
80% AMI Income Limits
Renters earning up to 80% of the La Fayette AMI may qualify for rental assistance programs that target Low Income households.
$30,900 $35,300 $39,700 $44,100 $47,650 $51,200 $54,700 $58,250