Affordable Housing In Slocomb
2 Low Income Apartment Communities In Slocomb
Housing Authorities that serve Slocomb
|Dothan Housing Authority||Section 8 Housing Choice Voucher (HCV); Public Housing; Family Self-Sufficiency; Section 8 Project-Based Voucher (PBV); Rental Assistance Demonstration (RAD)|
Guide To Affordable Housing in Slocomb, Alabama
There are 2 low income housing apartment communities offering 65 affordable apartments for rent in Slocomb, Alabama.
Income Based Apartments in Slocomb, Alabama
Slocomb features 65 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 Slocomb, Alabama
There are 0 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Slocomb.
Housing Choice Vouchers in Slocomb, Alabama
On average, Section 8 Housing Choice vouchers pay Slocomb landlords $0 per month towards rent. The average voucher holder contributes $0 towards rent in Slocomb.
The maximum amount a voucher would pay on behalf of a low-income tenant in Slocomb, Alabama for a two-bedroom apartment is between $635 and $777.
2021 Slocomb, 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|
|Slocomb, Alabama Fair Market Rent||$543||$547||$706||$923||$1,057|
|Slocomb, Alabama Payment Standard Range||$489 to $597||$492 to $602||$635 to $777||$831 to $1,015||$951 to $1,163|
Sourced from federal housing data and AffordableHousingOnline.com research.
Slocomb, AL Affordable Housing Snapshot
|Total Affordable Apartment Properties||2|
|Total Low Income Apartments||65|
|Total Housing Units with Rental Assistance||65|
|Percentage of Housing Units Occupied By Renters||30.12%|
|Average Renter Household Size||2.79|
|Average Household Size||2.42|
|Median Household Income||$35,512 ±$6,866|
|Median Rent||$582 ±$94|
|Percentage Of Renters Overburdened||40.6% ± 18.91pp|
Population and Household Demographics
Slocomb is a city in Geneva County, Alabama with a population of 1,880. There are 777 households in the city with an average household size of 2.42 persons. 30.12% of households in Slocomb are renters.
Income and Rent Overburden in Slocomb
The median gross income for households in Slocomb is $35,512 a year, or $2,959 a month. The median rent for the city is $582 a month.
Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Slocomb, a household making less than $1,940 a month would be considered overburdened when renting an apartment at or above the median rent. 40.6% of households who rent are overburdened in Slocomb.
Area Median Income In Slocomb
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 Slocomb, the AMI is calculated from all households within Geneva County.
In Slocomb, HUD calculates the Area Median Income for a family of four as $63,400
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 Slocomb
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 Slocomb
|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 Slocomb AMI may qualify for rental assistance programs that target Extremely Low Income households.
|50% AMI Income Limits
Renters earning up to 50% of the Slocomb AMI may qualify for rental assistance programs that target Very Low Income households.
|80% AMI Income Limits
Renters earning up to 80% of the Slocomb AMI may qualify for rental assistance programs that target Low Income households.