Affordable Housing In Aleutians East Borough

Guide To Affordable Housing in Aleutians East Borough, Alaska

There are 0 low income housing apartment communities offering 0 affordable apartments for rent in Aleutians East Borough, Alaska. Aleutians East Borough features 0 low income apartments with rental assistance where households typically pay no more than 30% of their income towards rent. Additionally, there are 0 other low income apartments that don't provide direct rental assistance but remain affordable to low income households in Aleutians East Borough.

Sourced from federal housing data and research.

Aleutians East Borough, AK Affordable Housing Snapshot

Total Affordable Apartment Properties 0
Total Low Income Apartments 0
Total Housing Units with Rental Assistance 0
Percentage of Housing Units Occupied By Renters 46.52%
Average Renter Household Size 2.14
Average Household Size 2.43
Median Household Income $61,518 ±$2,684
Median Rent $930 ±$36
Percentage Of Renters Overburdened 20.87% ± 4.33pp
Total Population 3,304

Population and Household Demographics

Aleutians East Borough is a County in Alaska with a population of 3,304. There are 690 households in the county with an average household size of 2.43 persons. 46.52% of households in Aleutians East Borough are renters.

Income and Rent Overburden in Aleutians East Borough

The median gross income for households in Aleutians East Borough is $61,518 a year, or $5,127 a month. The median rent for the county is $930 a month.

Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Aleutians East Borough, a household making less than $3,100 a month would be considered overburdened when renting an apartment at or above the median rent. 20.87% of households who rent are overburdened in Aleutians East Borough.1

Area Median Income In Aleutians East Borough

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.

In Aleutians East Borough, HUD calculates the Area Median Income for a family of four as $78,300

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 Aleutians East Borough

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 Aleutians East Borough HUD Rental Assistance in Aleutians East Borough

Income 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
30% of Median $17,500 $21,130 $26,660 $32,190 $37,720 $43,250 $48,780 $54,310
50% of Median $29,200 $33,400 $37,550 $41,700 $45,050 $48,400 $51,750 $55,050
80% of Median $46,700 $53,400 $60,050 $66,700 $72,050 $77,400 $82,750 $88,050
Fair Market Rents in Aleutians East Borough

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
$845 $913 $1,203 $1,499 $1,630