Affordable Housing In Anchorage
Alaska


Waiting List Openings In Anchorage

Waiting ListStatus
Alaska Housing Finance Corporation - Section 8 Housing Choice Voucher Open Now

48 Low Income Apartment Communities In Anchorage

Hampstead Heath Apartments

6641 Hampstead Dr
Anchorage, AK
$1,255-1,328
2-3 BR
HCV Welcome

Tyonek Terrace

9141 Peck Ave
Anchorage, AK
$650-825
1-2 BR
HCV Welcome

Grass Creek Village

7700 Creekside Center Dr
Anchorage, AK
$699-1,023
1-4 BR
HCV Welcome

Commodore Park Plaza

10415 Jamestown Dr
Anchorage, AK
Call For Rent
1 BR
62+
Accessible
Elderly Supportive Housing
Subsidized

Mountain View Village

4210 Mountain View Dr
Anchorage, AK
$700-1,030
1-4 BR
HCV Welcome

Chester Creek Estates

5814 East Northern Lights
Anchorage, AK
$965-1,460
1-4 BR
HCV Welcome

Eklutna Estates

8850 Centennial Cir
Anchorage, AK
$738-862
1-2 BR
55+
Accessible
HCV Welcome

Trailside Heights

2773 Trailside Loop
Anchorage, AK
Call For Rent
2-3 BR
Accessible

Creekview Plaza

1400 Muldoon
Anchorage, AK
$745-1,050
1-2 BR
55+
Accessible
HCV Welcome

Grass Creek North

7861 Betnu Circle
Anchorage, AK
$911-1,377
2-4 BR
Accessible
HCV Welcome

There are 48 low income housing apartment complexes which contain 3,302 affordable apartments for rent in Anchorage. Many of these rental apartments are income based housing with 1,116 apartments that set rent based on your income. In Anchorage, HUD housing programs support 426 rental assistance apartments through programs like Project-based Section 8. There are 1,780 other low income apartments that don't have rental assistance but are cheaper than market rate rents.

Housing Authorities that serve Anchorage

Housing Authority Programs
Alaska Housing Finance Corporation - Section 8 Section 8 Housing Choice Voucher (HCV); Moving to Work
Alaska Housing Finance Corporation - Public Housing Public Housing; Moving to Work

Guide To Affordable Housing in Anchorage, Alaska

Anchorage, AK Affordable Housing Snapshot

Total Affordable Apartment Properties 48
Total Low Income Apartments 3,302
Total Rent Assisted Apartments 1,116
Percentage of Housing Units Occupied By Renters 39.99%
Average Renter Household Size 2.60
Total Population 299,107
Housing Units 105,175
Average Household Size 2.77
Median Household Income $78,326 ±$1,872
Median Rent $1,197 ±$16
Percentage Of Renters Overburdened 45.16% ± 2pp

Population and Household Demographics

Anchorage is a City in Alaska with a population of 299,107. There are 105,175 households in the city with an average household size of 2.77 persons. 39.99% of households in Anchorage are renters.

Income and Rent Overburden in Anchorage

The median gross income for households in Anchorage is $78,326 a year, or $6,527 a month. The median rent for the city is $1,197 a month.

Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Anchorage, a household making less than $3,990 a month would be considered overburdened when renting an apartment at or above the median rent. 45.16% of households who rent are overburdened in Anchorage.1

Area Median Income In Anchorage

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 Anchorage, HUD calculates the Area Median Income for a family of four as $104,900

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 Anchorage

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 Anchorage HUD Rental Assistance in Anchorage

Income 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
30% of Median $22,050 $25,200 $28,350 $32,190 $37,720 $43,250 $48,780 $54,310
50% of Median $36,750 $42,000 $47,250 $52,450 $56,650 $60,850 $65,050 $69,250
80% of Median $52,850 $60,400 $67,950 $75,500 $81,550 $87,600 $93,650 $99,700
Low Income Housing Tax Credits in Anchorage

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

From 1994 to 2011, 23 low income apartment communities containing 1,337 rental apartments have been constructed and made affordable to low income persons in Anchorage 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 Anchorage

Income 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
60% of Median $44,100 $50,400 $56,700 $62,940 $67,980 $73,020 $78,060 $83,100

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 Anchorage is $56,700 a year, or $4,725 a month. To determine the maximum rent in the table below we multiply the monthly maximum income, $4,725 by 30% to get a maximum rent of $1,418 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% $919 $984 $1,181 $1,364 $1,521 $1,679
60% $1,103 $1,181 $1,418 $1,637 $1,826 $2,015
Fair Market Rents in Anchorage

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.

2019 Fair Market Rents
Studio One BR Two BR Three BR Four BR
$931 $1,005 $1,313 $1,898 $2,306