Affordable Housing In Pitkas Point
Wade Hampton Census Area,
Guide To Affordable Housing in Pitkas Point, Alaska
There are 0 low income housing apartment communities offering 0 affordable apartments for rent in Pitkas Point, Alaska.
Income Based Apartments in Pitkas Point, Alaska
Pitkas Point features 0 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 Pitkas Point, Alaska
There are 0 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Pitkas Point.
Housing Choice Vouchers in Pitkas Point, Alaska
On average, Section 8 Housing Choice vouchers pay Pitkas Point landlords $0 per month towards rent. The average voucher holder contributes $0 towards rent in Pitkas Point.
Sourced from federal housing data and AffordableHousingOnline.com research.
Pitkas Point, 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||13.33%|
|Average Renter Household Size||6.25|
|Average Household Size||4.53|
|Median Household Income||$47,500 ±$15,339|
|Median Rent||$0 ±$0|
|Percentage Of Renters Overburdened||50% ± 395.09pp|
Population and Household Demographics
Pitkas Point is a City in Wade Hampton Census Area, Alaska with a population of 136. There are 30 households in the city with an average household size of 4.53 persons. 13.33% of households in Pitkas Point are renters.
Income and Rent Overburden in Pitkas Point
The median gross income for households in Pitkas Point is $47,500 a year, or $3,958 a month. The median rent for the city is $0 a month.
Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Pitkas Point, a household making less than $0 a month would be considered overburdened when renting an apartment at or above the median rent. 50% of households who rent are overburdened in Pitkas Point.1
Area Median Income In Pitkas Point
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 Pitkas Point, the AMI is calculated from all households within Wade Hampton Census Area.
In Pitkas Point, HUD calculates the Area Median Income for a family of four as $0
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 Pitkas Point
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.