Affordable Housing In Wasilla
Matanuska Susitna Borough, Alaska

17 Low Income Apartment Communities In Wasilla

Chinook Villa Apartments

1200 S Century Cir
Wasilla, AK
Call For Rent
1 BR
62+

Vista Rose

1250 N. Lucille Street
Wasilla, AK
Call For Rent
1-2 BR
62+
Accessible

Fireweed Housing Development

1075 S Check St
Wasilla, AK
Accessible
Disabled Supportive Housing
Subsidized

Wasilla

1201 S Century Cir
Wasilla, AK

Knik Manor

1351 S Century Cir
Wasilla, AK
HCV Welcome

Deneki House

222 E Danna Ave
Wasilla, AK
Accessible
Disabled Supportive Housing
Subsidized

Alderview

1402 E Franklin Smith Way
Wasilla, AK
HCV Welcome

Susitna Place Apartments

1310 S Century Cir
Wasilla, AK
HCV Welcome

Forest Hill

1001 N Lucille St
Wasilla, AK
HCV Welcome

Ridgecrest

199 E Kalli Cir
Wasilla, AK
HCV Welcome

Housing Authorities that serve Wasilla

Housing Authority Programs
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 Wasilla, Alaska

According to federal housing data and AffordableHousingOnline.com research, there are 17 low income housing apartment communities offering 472 affordable apartments for rent in Wasilla, Alaska. Wasilla features 65 low income apartments with rental assistance where households typically pay no more than 30% of their income towards rent. Additionally, there are 407 other low income apartments that don't provide direct rental assistance but remain affordable to low income households in Wasilla.

Wasilla, AK Affordable Housing Snapshot

Total Affordable Apartment Properties 17
Total Low Income Apartments 472
Total Housing Units with Rental Assistance 65
Percentage of Housing Units Occupied By Renters 44.64%
Average Renter Household Size 2.61
Average Household Size 2.91
Median Household Income $61,541 ±$4,464
Median Rent $1,008 ±$65
Percentage Of Renters Overburdened 49.96% ± 7.65pp
Total Population 8,676

Population and Household Demographics

Wasilla is a City in Matanuska Susitna Borough, Alaska with a population of 8,676. There are 2,946 households in the city with an average household size of 2.91 persons. 44.64% of households in Wasilla are renters.

Income and Rent Overburden in Wasilla

The median gross income for households in Wasilla is $61,541 a year, or $5,128 a month. The median rent for the city is $1,008 a month.

Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Wasilla, a household making less than $3,360 a month would be considered overburdened when renting an apartment at or above the median rent. 49.96% of households who rent are overburdened in Wasilla.1

Area Median Income In Wasilla

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 Wasilla, the AMI is calculated from all households within Matanuska Susitna Borough.

In Wasilla, HUD calculates the Area Median Income for a family of four as $92,600

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 Wasilla

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 Wasilla HUD Rental Assistance in Wasilla

Income 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
30% of Median $19,500 $22,250 $26,660 $32,190 $37,720 $43,250 $48,780 $54,310
50% of Median $32,450 $37,050 $41,700 $46,300 $50,050 $53,750 $57,450 $61,150
80% of Median $51,900 $59,300 $66,700 $74,100 $80,050 $86,000 $91,900 $97,850
Low Income Housing Tax Credits in Wasilla

The Low-Income Housing Tax Credit (LIHTC) program aims to create affordable rental housing for low and very low income families.

From 1993 to 2008, 11 low income apartment communities containing 298 rental apartments have been constructed and made affordable to low income persons in Wasilla by the Low Income Housing Tax Credit Program.

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 Wasilla

Income 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
50% of Median $32,450 $37,050 $41,700 $46,300 $50,050 $53,750 $57,450 $61,150
60% of Median $38,940 $44,460 $50,040 $55,560 $60,060 $64,500 $68,940 $73,380

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 Wasilla is $50,040 a year, or $4,170 a month. To determine the maximum rent in the table below we multiply the monthly maximum income, $4,170 by 30% to get a maximum rent of $1,251 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% $811 $869 $1,043 $1,204 $1,344 $1,483
60% $974 $1,043 $1,251 $1,445 $1,613 $1,779
Fair Market Rents in Wasilla

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
$741 $792 $1,043 $1,505 $1,831