Affordable Housing In Nome Census Area
Alaska

1 Low Income Apartment Communities In Nome Census Area

Munaqsri Senior Apartments

515 Steadman Street
Nome, AK
62+
HCV Welcome
Subsidized
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Guide To Affordable Housing in Nome Census Area, Alaska

There are 1 low income housing apartment communities offering 17 affordable apartments for rent in Nome Census Area, Alaska. Nome Census Area features 17 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 Nome Census Area.

Sourced from federal housing data and AffordableHousingOnline.com research.

Nome Census Area, AK Affordable Housing Snapshot

Total Affordable Apartment Properties 1
Total Low Income Apartments 17
Total Housing Units with Rental Assistance 17
Percentage of Housing Units Occupied By Renters 43.62%
Average Renter Household Size 3.00
Average Household Size 3.26
Median Household Income $48,868 ±$1,988
Median Rent $1,188 ±$62
Percentage Of Renters Overburdened 29.62% ± 4.2pp
Total Population 9,854

Population and Household Demographics

Nome Census Area is a County in Alaska with a population of 9,854. There are 2,925 households in the county with an average household size of 3.26 persons. 43.62% of households in Nome Census Area are renters.

Income and Rent Overburden in Nome Census Area

The median gross income for households in Nome Census Area is $48,868 a year, or $4,072 a month. The median rent for the county is $1,188 a month.

Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Nome Census Area, a household making less than $3,960 a month would be considered overburdened when renting an apartment at or above the median rent. 29.62% of households who rent are overburdened in Nome Census Area.1

Area Median Income In Nome Census Area

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 Nome Census Area, HUD calculates the Area Median Income for a family of four as $54,400

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 Nome Census Area

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 Nome Census Area HUD Rental Assistance in Nome Census Area

Income 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
30% of Median $19,600 $22,400 $26,660 $32,190 $37,720 $43,250 $48,780 $54,310
50% of Median $32,650 $37,300 $41,950 $46,600 $50,350 $54,100 $57,800 $61,550
80% of Median $52,200 $59,650 $67,100 $74,550 $80,550 $86,500 $92,450 $98,450
Low Income Housing Tax Credits in Nome Census Area

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

From 1998 to 1998, 1 low income apartment communities containing 17 rental apartments have been constructed and made affordable to low income persons in Nome Census Area 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 Nome Census Area

Income 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
50% of Median $32,650 $37,300 $41,950 $46,600 $50,350 $54,100 $57,800 $61,550
60% of Median $39,180 $44,760 $50,340 $55,920 $60,420 $64,920 $69,360 $73,860

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 Nome Census Area is $50,340 a year, or $4,195 a month. To determine the maximum rent in the table below we multiply the monthly maximum income, $4,195 by 30% to get a maximum rent of $1,259 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% $816 $874 $1,049 $1,212 $1,353 $1,492
60% $980 $1,049 $1,259 $1,454 $1,623 $1,790
Fair Market Rents in Nome Census Area

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
$1,281 $1,398 $1,685 $2,100 $2,283

Cities In Nome Census Area

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

City Listings Served By
Nome 1 The HUD funded Public Housing Agency that serves Nome is the Alaska Housing Finance Corporation - Public Housing.
Stebbins 0
Brevig Mission 0
Diomede 0
Elim 0
Gambell 0
Golovin 0
Koyuk 0
Port Clarence 0
St. Michael 0
Savoonga 0
Shaktoolik 0
Shishmaref 0
Teller 0
Unalakleet 0
Wales 0
White Mountain 0