Affordable Housing In Sitka
4 Low Income Apartment Communities In Sitka
Housing Authorities that serve Sitka
|Alaska Housing Finance Corporation - Section 8||Section 8 Housing Choice Voucher (HCV); Moving to Work|
|Alaska Housing Finance Corporation - Public Housing||Public Housing; Moving to Work|
Guide To Affordable Housing in Sitka, Alaska
There are 4 low income housing apartment communities offering 122 affordable apartments for rent in Sitka, Alaska.
Income Based Apartments in Sitka, Alaska
Sitka features 50 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 Sitka, Alaska
There are 72 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Sitka.
Housing Choice Vouchers in Sitka, Alaska
On average, Section 8 Housing Choice vouchers pay Sitka landlords $600 per month towards rent. The average voucher holder contributes $500 towards rent in Sitka.
The maximum amount a voucher would pay on behalf of a low-income tenant in Sitka, Alaska for a two-bedroom apartment is between $1,519 and $1,857.
2020 Sitka, 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.
Sitka, AK Affordable Housing Snapshot
|Total Affordable Apartment Properties||4|
|Total Low Income Apartments||122|
|Total Housing Units with Rental Assistance||50|
|Percentage of Housing Units Occupied By Renters||40.78%|
|Average Renter Household Size||2.25|
|Average Household Size||2.49|
|Median Household Income||$70,376 ±$4,235|
|Median Rent||$1,057 ±$63|
|Percentage Of Renters Overburdened||40.11% ± 5.29pp|
Population and Household Demographics
Sitka is a city in Alaska with a population of 8,943. There are 3,472 households in the city with an average household size of 2.49 persons. 40.78% of households in Sitka are renters.
Income and Rent Overburden in Sitka
The median gross income for households in Sitka is $70,376 a year, or $5,865 a month. The median rent for the city is $1,057 a month.
Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Sitka, a household making less than $3,523 a month would be considered overburdened when renting an apartment at or above the median rent. 40.11% of households who rent are overburdened in Sitka.
Area Median Income In Sitka
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 Sitka, HUD calculates the Area Median Income for a family of four as $56,900
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 Sitka
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 Sitka
|Income||1 Person||2 Person||3 Person||4 Person||5 Person||6 Person||7 Person||8 Person|
|30% of Median||$20,650||$23,600||$27,150||$32,750||$38,350||$43,950||$49,550||$55,150|
|50% of Median||$34,450||$39,350||$44,250||$49,150||$53,100||$57,050||$60,950||$64,900|
|80% of Median||$55,100||$62,950||$70,800||$78,650||$84,950||$91,250||$97,550||$103,850|