Affordable Housing In Wasilla
Matanuska Susitna Borough,
16 Low Income Apartment Communities In Wasilla
Housing Authorities that serve Wasilla
|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
There are 16 low income housing apartment communities offering 443 affordable apartments for rent in Wasilla, Alaska.
Income Based Apartments in Wasilla, Alaska
Wasilla features 65 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 Wasilla, Alaska
There are 378 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Wasilla.
Housing Choice Vouchers in Wasilla, Alaska
On average, Section 8 Housing Choice vouchers pay Wasilla landlords $600 per month towards rent. The average voucher holder contributes $600 towards rent in Wasilla.
The maximum amount a voucher would pay on behalf of a low-income tenant in Wasilla, Alaska for a two-bedroom apartment is between $939 and $1,147.
2020 Wasilla, 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||$741||$792||$1,043||$1,505||$1,831|
|Payment Standard Range||$667 to $815||$713 to $871||$939 to $1,147||$1,355 to $1,656||$1,648 to $2,014|
Sourced from federal housing data and AffordableHousingOnline.com research.
Wasilla, AK Affordable Housing Snapshot
|Total Affordable Apartment Properties||16|
|Total Low Income Apartments||443|
|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|
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 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|