Affordable Housing In Petersburg
Bethel Census Area, Alaska

2 Low Income Apartment Communities In Petersburg

Housing Authorities that serve Petersburg

Housing Authority	Programs
Alaska Housing Finance Corporation - Section 8	Section 8 Housing Choice Voucher (HCV); Moving to Work

Guide To Affordable Housing in Petersburg, Alaska

There are 2 low income housing apartment communities offering 48 affordable apartments for rent in Petersburg, Alaska.

Income Based Apartments in Petersburg, Alaska

Petersburg features 48 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 Petersburg, Alaska

There are 0 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Petersburg.

Housing Choice Vouchers in Petersburg, Alaska

On average, Section 8 Housing Choice vouchers pay Petersburg landlords $600 per month towards rent. The average voucher holder contributes $500 towards rent in Petersburg.

The maximum amount a voucher would pay on behalf of a low-income tenant in Petersburg, Alaska for a two-bedroom apartment is between $1,519 and $1,857.

2020 Petersburg, 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	$1,234	$1,483	$1,688	$2,104	$2,287
Payment Standard Range	$1,111 to $1,357	$1,335 to $1,631	$1,519 to $1,857	$1,894 to $2,314	$2,058 to $2,516

Sourced from federal housing data and AffordableHousingOnline.com research.

Petersburg, AK Affordable Housing Snapshot

Total Affordable Apartment Properties	2
Total Low Income Apartments	48
Total Housing Units with Rental Assistance	48
Percentage of Housing Units Occupied By Renters	33.83%
Average Renter Household Size	1.94
Average Household Size	2.37
Median Household Income	$68,641 ±$6,910
Median Rent	$931 ±$66
Percentage Of Renters Overburdened	41.12% ± 8.41pp
Total Population	3,024

Population and Household Demographics

Petersburg is a City in Bethel Census Area, Alaska with a population of 3,024. There are 1,215 households in the city with an average household size of 2.37 persons. 33.83% of households in Petersburg are renters.

Income and Rent Overburden in Petersburg

The median gross income for households in Petersburg is $68,641 a year, or $5,720 a month. The median rent for the city is $931 a month.

Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Petersburg, a household making less than $3,103 a month would be considered overburdened when renting an apartment at or above the median rent. 41.12% of households who rent are overburdened in Petersburg.¹

Area Median Income In Petersburg

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 Petersburg, the AMI is calculated from all households within Bethel Census Area.

In Petersburg, 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 Petersburg

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 HUD Rental Assistance in Petersburg

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