Affordable Housing In Oscarville
Bethel Census Area,
Alaska
Guide To Affordable Housing in Oscarville, Alaska
There are 0 low income housing apartment communities offering 0 affordable apartments for rent in Oscarville, Alaska. Oscarville features 0 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 Oscarville.
Sourced from federal housing data and AffordableHousingOnline.com research.
Oscarville, AK Affordable Housing Snapshot
| Total Affordable Apartment Properties | 0 |
|---|---|
| Total Low Income Apartments | 0 |
| Total Housing Units with Rental Assistance | 0 |
| Percentage of Housing Units Occupied By Renters | % |
| Average Renter Household Size | 0.00 |
| Average Household Size | 5.50 |
| Median Household Income | $0 ±$0 |
| Median Rent | $0 ±$0 |
| Total Population | 22 |
Population and Household Demographics
Oscarville is a City in Bethel Census Area, Alaska with a population of 22. There are 4 households in the city with an average household size of 5.50 persons. % of households in Oscarville are renters.
Income and Rent Overburden in Oscarville
The median gross income for households in Oscarville is $0 a year, or $0 a month. The median rent for the city is $0 a month.
Area Median Income In Oscarville
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 Oscarville, the AMI is calculated from all households within Bethel Census Area.
In Oscarville, HUD calculates the Area Median Income for a family of four as $56,700
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 Oscarville
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 Oscarville HUD Rental Assistance in Oscarville
| Income | 1 Person | 2 Person | 3 Person | 4 Person | 5 Person | 6 Person | 7 Person | 8 Person |
|---|---|---|---|---|---|---|---|---|
| 30% of Median | $19,150 | $21,900 | $26,660 | $32,190 | $37,720 | $43,250 | $48,780 | $54,310 |
| 50% of Median | $31,900 | $36,450 | $41,000 | $45,550 | $49,200 | $52,850 | $56,500 | $60,150 |
| 80% of Median | $51,050 | $58,350 | $65,650 | $72,900 | $78,750 | $84,600 | $90,400 | $96,250 |
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 Oscarville
| Income | 1 Person | 2 Person | 3 Person | 4 Person | 5 Person | 6 Person | 7 Person | 8 Person |
|---|---|---|---|---|---|---|---|---|
| 50% of Median | $31,900 | $36,450 | $41,000 | $45,550 | $49,200 | $52,850 | $56,500 | $60,150 |
| 60% of Median | $38,280 | $43,740 | $49,200 | $54,660 | $59,040 | $63,420 | $67,800 | $72,180 |
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 Oscarville is $49,200 a year, or $4,100 a month. To determine the maximum rent in the table below we multiply the monthly maximum income, $4,100 by 30% to get a maximum rent of $1,230 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% | $798 | $854 | $1,025 | $1,184 | $1,321 | $1,458 |
| 60% | $957 | $1,025 | $1,230 | $1,421 | $1,586 | $1,750 |
Fair Market Rents in Oscarville
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 |
|---|---|---|---|---|
| $1,234 | $1,483 | $1,688 | $2,104 | $2,287 |
