. Low Income Apartments For Rent in Cordova, Alaska - Affordable Housing Online

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Sunset View

401 2nd St
Cordova, Alaska

Cordova Mews Apartments

401 Orca Ave.
Cordova, Alaska
Rent Assisted
S. 515 Rural
Call For Rent
1-3 BR
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There are 0 low-income apartments in Cordova that offer reduced rents to eligible households.

Rental assistance programs support 44 low-income homes in Cordova where households pay rent based on how much they earn.

Affordable rent data for some communities last confirmed on April 24th, 2023. Subdsidized rents typically change once a year based on federal guidance.

Public Housing Agencies Serving Cordova, 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.

Housing Authority Programs
Alaska Housing Finance Corporation - Public Housing Public Housing; Moving to Work
Go to the Alaska Public Housing and Low-Income Apartments Waiting Lists page for openings near Cordova.

Cordova, Alaska Affordable Housing Data

Income Based Apartments in Cordova, Alaska

Cordova features 44 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 Cordova, Alaska

There are 0 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Cordova.

Housing Choice Vouchers in Cordova, Alaska

On average, Section 8 Housing Choice vouchers pay Cordova landlords $0 per month towards rent. The average voucher holder contributes $0 towards rent in Cordova.

Sourced from federal housing data and AffordableHousingOnline.com research.

Cordova, AK Affordable Housing Snapshot

Total Affordable Apartment Properties 2
Total Low Income Apartments 44
Total Housing Units with Rental Assistance 44
Percentage of Housing Units Occupied By Renters 25.93%
Average Renter Household Size 2.48
Average Household Size 2.97
Median Household Income $85,833 ±$22,571
Median Rent $863 ±$168
Percentage Of Renters Overburdened 8.04% ± 11.65pp
Total Population 2,621

Population and Household Demographics

Cordova is a city in Valdez Cordova Census Area, Alaska with a population of 2,621. There are 864 households in the city with an average household size of 2.97 persons. 25.93% of households in Cordova are renters.

Income and Rent Overburden in Cordova

The median gross income for households in Cordova is $85,833 a year, or $7,153 a month. The median rent for the city is $863 a month.

Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Cordova, a household making less than $2,877 a month would be considered overburdened when renting an apartment at or above the median rent. 8.04% of households who rent are overburdened in Cordova.

Area Median Income In Cordova

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 Cordova, the AMI is calculated from all households within Valdez Cordova Census Area.

In Cordova, HUD calculates the Area Median Income for a family of four as $0

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 Cordova

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.