Affordable Housing In Matanuska Susitna Borough

32 Low Income Apartment Communities In Matanuska Susitna Borough

Chugach Colony Estates

1102 S Chugach St
Palmer, AK
Accepts Vouchers

Yenlo Square

402 N Yenlo St
Wasilla, AK
Accepts Vouchers

Guide To Affordable Housing in Matanuska Susitna Borough, Alaska

There are 32 low income housing apartment communities offering 858 affordable apartments for rent in Matanuska Susitna Borough, Alaska.

Income Based Apartments in Matanuska Susitna Borough, Alaska

Matanuska Susitna Borough features 137 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 Matanuska Susitna Borough, Alaska

There are 721 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Matanuska Susitna Borough.

Housing Choice Vouchers in Matanuska Susitna Borough, Alaska

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

The maximum amount a voucher would pay on behalf of a low-income tenant in Matanuska Susitna Borough, Alaska for a two-bedroom apartment is between $939 and $1,147.

2020 Matanuska Susitna 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 $741 $792 $1,043 $1,505 $1,831
Payment Standard Range $667 to $815 $713 to $871 $939 to $1,147 $1,355 to $1,656 $1,648 to $2,014

Sourced from federal housing data and research.

Matanuska Susitna Borough, AK Affordable Housing Snapshot

Total Affordable Apartment Properties 32
Total Low Income Apartments 858
Total Housing Units with Rental Assistance 137
Percentage of Housing Units Occupied By Renters 24.33%
Average Renter Household Size 2.88
Average Household Size 3.03
Median Household Income $72,983 ±$1,577
Median Rent $1,073 ±$26
Percentage Of Renters Overburdened 43.64% ± 2.74pp
Total Population 96,178

Population and Household Demographics

Matanuska Susitna Borough is a County in Alaska with a population of 96,178. There are 31,098 households in the county with an average household size of 3.03 persons. 24.33% of households in Matanuska Susitna Borough are renters.

Income and Rent Overburden in Matanuska Susitna Borough

The median gross income for households in Matanuska Susitna Borough is $72,983 a year, or $6,082 a month. The median rent for the county is $1,073 a month.

Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Matanuska Susitna Borough, a household making less than $3,577 a month would be considered overburdened when renting an apartment at or above the median rent. 43.64% of households who rent are overburdened in Matanuska Susitna Borough.1

Area Median Income In Matanuska Susitna 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 Matanuska Susitna Borough, HUD calculates the Area Median Income for a family of four as $92,600

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 Matanuska Susitna 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 Matanuska Susitna Borough HUD Rental Assistance in Matanuska Susitna Borough

Income 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
30% of Median $19,500 $22,250 $26,660 $32,190 $37,720 $43,250 $48,780 $54,310
50% of Median $32,450 $37,050 $41,700 $46,300 $50,050 $53,750 $57,450 $61,150
80% of Median $51,900 $59,300 $66,700 $74,100 $80,050 $86,000 $91,900 $97,850

Cities In Matanuska Susitna Borough

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

City Listings Served By
Wasilla 17 The HUD funded Public Housing Agencies that serve Wasilla are the Alaska Housing Finance Corporation - Section 8 and Alaska Housing Finance Corporation - Public Housing.
Palmer 11
Houston 2
Sutton 2