Affordable Housing In Anchorage

55 Low Income Apartment Communities In Anchorage

400 N Lane St

400 N Lane St
Anchorage, Alaska
1 BR
Supportive Housing

Hampstead Heath Apartments

6641 Hampstead Dr
Anchorage, Alaska
2-3 BR

Tyonek Terrace

9141 Peck Ave
Anchorage, Alaska
1-2 BR

Qanchi Place

630 W 8th Ave
Anchorage, Alaska
Call For Rent
1-2 BR
Minimum Income Requirement

Spruce View

10605 Rigemont Dr
Anchorage, Alaska
2-3 BR

Grass Creek Village

7700 Creekside Center Dr
Anchorage, Alaska
1-4 BR

Creekside Alyeska

353 Hightower Rd
Anchorage, Alaska
Call For Rent
1-2 BR

Commodore Park Plaza

10415 Jamestown Dr
Anchorage, Alaska
Call For Rent
1 BR
Elderly Supportive Housing

Mountain View Village

4210 Mountain View Dr
Anchorage, Alaska
1-4 BR

Chester Creek Estates

5814 East Northern Lights
Anchorage, Alaska
1-4 BR

Section 8 Vouchers, Apartments, and Waiting Lists in Anchorage, Alaska

Public Housing Agencies operate federally assisted affordable housing programs at local levels on behalf of HUD. Notably, housing agencies are responsible for managing Section 8 Housing Choice Voucher, Public Housing, and Project-Based Voucher waiting lists within their jurisdiction.

Households who qualify for these programs may also qualify for Project-Based Section 8, which contributes rental assistance payments directly to private landlords on behalf of low-income tenants. Eligibility for the project-based program is similar to the voucher programs, but waiting list and application policies will vary depending on the landlord.

Public Housing Agencies Serving Anchorage, Alaska

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

There are 55 low income housing apartment communities offering 3,641 affordable apartments for rent in Anchorage, Alaska.

Income Based Apartments in Anchorage, Alaska

Anchorage features 1,291 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 Anchorage, Alaska

There are 1,944 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Anchorage.

Housing Choice Vouchers in Anchorage, Alaska

On average, Section 8 Housing Choice vouchers pay Anchorage landlords $600 per month towards rent. The average voucher holder contributes $600 towards rent in Anchorage.

The maximum amount a voucher would pay on behalf of a low-income tenant in Anchorage, Alaska for a two-bedroom apartment is between $1,123 and $1,373.

2022 Anchorage, Alaska 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
Anchorage, Alaska Fair Market Rent $877 $948 $1,248 $1,773 $2,136
Anchorage, Alaska Payment Standard Range $789 to $965 $853 to $1,043 $1,123 to $1,373 $1,596 to $1,950 $1,922 to $2,350

Sourced from federal housing data and research.

Anchorage, AK Affordable Housing Snapshot

Total Affordable Apartment Properties 55
Total Low Income Apartments 3,641
Total Housing Units with Rental Assistance 1,291
Percentage of Housing Units Occupied By Renters 39.99%
Average Renter Household Size 2.60
Average Household Size 2.77
Median Household Income $78,326 ±$1,872
Median Rent $1,197 ±$16
Percentage Of Renters Overburdened 45.16% ± 2pp
Total Population 299,107

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.

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 $116,300

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 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 HUD Rental Assistance in Anchorage

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 Anchorage AMI may qualify for rental assistance programs that target Extremely Low Income households.
$24,450 $27,950 $31,450 $34,900 $40,590 $46,490 $52,390 $58,290
50% AMI Income Limits
Renters earning up to 50% of the Anchorage AMI may qualify for rental assistance programs that target Very Low Income households.
$40,750 $46,550 $52,350 $58,150 $62,850 $67,500 $72,150 $76,800
80% AMI Income Limits
Renters earning up to 80% of the Anchorage AMI may qualify for rental assistance programs that target Low Income households.
$62,600 $71,550 $80,500 $89,400 $96,600 $103,750 $110,900 $118,050