Affordable Housing In Haines Borough
Alaska

2 Low Income Apartment Communities In Haines Borough

Guide To Affordable Housing in Haines Borough, Alaska

According to federal housing data and AffordableHousingOnline.com research, there are 2 low income housing apartment communities offering 37 affordable apartments for rent in Haines Borough, Alaska. Haines Borough features 37 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 Haines Borough.

Haines Borough, AK Affordable Housing Snapshot

Total Affordable Apartment Properties	2
Total Low Income Apartments	37
Total Housing Units with Rental Assistance	37
Percentage of Housing Units Occupied By Renters	30.95%
Average Renter Household Size	2.11
Average Household Size	2.12
Median Household Income	$58,750 ±$18,270
Median Rent	$868 ±$141
Percentage Of Renters Overburdened	27.2% ± 10.57pp
Total Population	2,560

Population and Household Demographics

Haines Borough is a County in Alaska with a population of 2,560. There are 1,176 households in the county with an average household size of 2.12 persons. 30.95% of households in Haines Borough are renters.

Income and Rent Overburden in Haines Borough

The median gross income for households in Haines Borough is $58,750 a year, or $4,896 a month. The median rent for the county is $868 a month.

Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Haines Borough, a household making less than $2,893 a month would be considered overburdened when renting an apartment at or above the median rent. 27.2% of households who rent are overburdened in Haines Borough.¹

Area Median Income In Haines 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 Haines Borough, HUD calculates the Area Median Income for a family of four as $76,200

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 Haines 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 Haines Borough HUD Rental Assistance in Haines 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

Low Income Housing Tax Credits in Haines Borough

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

From 1992 to 1992, 1 low income apartment communities containing 31 rental apartments have been constructed and made affordable to low income persons in Haines Borough 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 Haines Borough

Income	1 Person	2 Person	3 Person	4 Person	5 Person	6 Person	7 Person	8 Person
50% of Median	$29,200	$33,400	$37,550	$41,700	$45,050	$48,400	$51,750	$55,050
60% of Median	$35,040	$40,080	$45,060	$50,040	$54,060	$58,080	$62,100	$66,060

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 Haines Borough is $45,060 a year, or $3,755 a month. To determine the maximum rent in the table below we multiply the monthly maximum income, $3,755 by 30% to get a maximum rent of $1,127 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%	$730	$783	$939	$1,084	$1,210	$1,335
60%	$876	$939	$1,127	$1,301	$1,452	$1,602

Fair Market Rents in Haines 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
$742	$813	$1,057	$1,457	$1,573