Affordable Housing In Kodiak Island Borough
Alaska

4 Low Income Apartment Communities In Kodiak Island Borough

Fir Terrace Apartments

2610 Mill Bay Rd
Kodiak, AK
Call For Rent
1-2 BR
Subsidized

Spruce Cape Homes

529 Carroll Way
Kodiak, AK
Call For Rent
1-3 BR
Accepts Vouchers

Mill Bay Town Homes

1223 Mill Bay Rd
Kodiak, AK
Accepts Vouchers

Kodiak

914 Pillar Mountain Dr
Kodiak, AK
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Guide To Affordable Housing in Kodiak Island Borough, Alaska

There are 4 low income housing apartment communities offering 146 affordable apartments for rent in Kodiak Island Borough, Alaska.

Income Based Apartments in Kodiak Island Borough, Alaska

Kodiak Island Borough features 100 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 Kodiak Island Borough, Alaska

There are 46 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Kodiak Island Borough.

Housing Choice Vouchers in Kodiak Island Borough, Alaska

On average, Section 8 Housing Choice vouchers pay Kodiak Island Borough landlords $700 per month towards rent. The average voucher holder contributes $500 towards rent in Kodiak Island Borough.

The maximum amount a voucher would pay on behalf of a low-income tenant in Kodiak Island Borough, Alaska for a two-bedroom apartment is between $1,289 and $1,575.

2020 Kodiak Island Borough, 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
Fair Market Rent $1,019 $1,087 $1,432 $2,066 $2,074
Payment Standard Range $917 to $1,121 $978 to $1,196 $1,289 to $1,575 $1,859 to $2,273 $1,867 to $2,281

Sourced from federal housing data and AffordableHousingOnline.com research.

Kodiak Island Borough, AK Affordable Housing Snapshot

Total Affordable Apartment Properties 4
Total Low Income Apartments 146
Total Housing Units with Rental Assistance 100
Percentage of Housing Units Occupied By Renters 39.92%
Average Renter Household Size 2.86
Average Household Size 2.98
Median Household Income $70,887 ±$5,665
Median Rent $981 ±$140
Percentage Of Renters Overburdened 38.48% ± 8.05pp
Total Population 13,973

Population and Household Demographics

Kodiak Island Borough is a County in Alaska with a population of 13,973. There are 4,577 households in the county with an average household size of 2.98 persons. 39.92% of households in Kodiak Island Borough are renters.

Income and Rent Overburden in Kodiak Island Borough

The median gross income for households in Kodiak Island Borough is $70,887 a year, or $5,907 a month. The median rent for the county is $981 a month.

Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Kodiak Island Borough, a household making less than $3,270 a month would be considered overburdened when renting an apartment at or above the median rent. 38.48% of households who rent are overburdened in Kodiak Island Borough.1

Area Median Income In Kodiak Island 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 Kodiak Island Borough, HUD calculates the Area Median Income for a family of four as $98,500

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 Kodiak Island 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 Kodiak Island Borough HUD Rental Assistance in Kodiak Island Borough

Income 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
30% of Median $19,500 $22,300 $26,660 $32,190 $37,720 $43,250 $48,780 $54,310
50% of Median $32,500 $37,150 $41,800 $46,400 $50,150 $53,850 $57,550 $61,250
80% of Median $52,000 $59,400 $66,850 $74,250 $80,200 $86,150 $92,100 $98,050

Cities In Kodiak Island Borough

Select A City to View its Apartment Communities and Waiting Lists.

City Listings Served By
Kodiak 4 The HUD funded Public Housing Agencies that serve Kodiak are the Alaska Housing Finance Corporation - Section 8 and Alaska Housing Finance Corporation - Public Housing.
Akhiok 0
Aleneva 0
Chiniak 0
Karluk 0
Kodiak Station 0
Larsen Bay 0
Old Harbor 0
Ouzinkie 0
Port Lions 0
Womens Bay 0