Affordable Housing In Tanacross
Southeast Fairbanks Census Area, Alaska

1 Low Income Apartment Communities In Tanacross

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Guide To Affordable Housing in Tanacross, Alaska

There are 1 low income housing apartment communities offering 20 affordable apartments for rent in Tanacross, Alaska.

Income Based Apartments in Tanacross, Alaska

Tanacross 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 Tanacross, Alaska

There are 20 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Tanacross.

Housing Choice Vouchers in Tanacross, Alaska

On average, Section 8 Housing Choice vouchers pay Tanacross landlords $0 per month towards rent. The average voucher holder contributes $0 towards rent in Tanacross.

The maximum amount a voucher would pay on behalf of a low-income tenant in Tanacross, Alaska for a two-bedroom apartment is between $1,105 and $1,351.

2022 Tanacross, 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
Tanacross, Alaska Fair Market Rent $927 $933 $1,228 $1,744 $1,955
Tanacross, Alaska Payment Standard Range $834 to $1,020 $840 to $1,026 $1,105 to $1,351 $1,570 to $1,918 $1,760 to $2,151

Sourced from federal housing data and research.

Tanacross, AK Affordable Housing Snapshot

Total Affordable Apartment Properties 1
Total Low Income Apartments 20
Total Housing Units with Rental Assistance 0
Percentage of Housing Units Occupied By Renters 22.45%
Average Renter Household Size 2.27
Average Household Size 2.59
Median Household Income $18,194 ±$3,093
Median Rent $625 ±$487
Percentage Of Renters Overburdened 27.27% ± 91.52pp
Total Population 127

Population and Household Demographics

Tanacross is a city in Southeast Fairbanks Census Area, Alaska with a population of 127. There are 49 households in the city with an average household size of 2.59 persons. 22.45% of households in Tanacross are renters.

Income and Rent Overburden in Tanacross

The median gross income for households in Tanacross is $18,194 a year, or $1,516 a month. The median rent for the city is $625 a month.

Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Tanacross, a household making less than $2,083 a month would be considered overburdened when renting an apartment at or above the median rent. 27.27% of households who rent are overburdened in Tanacross.

Area Median Income In Tanacross

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 Tanacross, the AMI is calculated from all households within Southeast Fairbanks Census Area.

In Tanacross, HUD calculates the Area Median Income for a family of four as $94,500

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 Tanacross

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 Tanacross

1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
30% AMI Income Limits
Renters earning up to 30% of the Tanacross AMI may qualify for rental assistance programs that target Extremely Low Income households.
$19,850 $22,890 $28,790 $34,690 $40,590 $46,490 $52,390 $58,290
50% AMI Income Limits
Renters earning up to 50% of the Tanacross AMI may qualify for rental assistance programs that target Very Low Income households.
$33,100 $37,800 $42,550 $47,250 $51,050 $54,850 $58,600 $62,400
80% AMI Income Limits
Renters earning up to 80% of the Tanacross AMI may qualify for rental assistance programs that target Low Income households.
$52,950 $60,500 $68,050 $75,600 $81,650 $87,700 $93,750 $99,800