Affordable Housing In Yakutat
1 Low Income Apartment Communities In Yakutat
Guide To Affordable Housing in Yakutat, Alaska
There are 1 low income housing apartment communities offering 11 affordable apartments for rent in Yakutat, Alaska.
Income Based Apartments in Yakutat, Alaska
Yakutat 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 Yakutat, Alaska
There are 11 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Yakutat.
Housing Choice Vouchers in Yakutat, Alaska
On average, Section 8 Housing Choice vouchers pay Yakutat landlords $0 per month towards rent. The average voucher holder contributes $0 towards rent in Yakutat.
The maximum amount a voucher would pay on behalf of a low-income tenant in Yakutat, Alaska for a two-bedroom apartment is between $1,528 and $1,868.
2022 Yakutat, 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|
|Yakutat, Alaska Fair Market Rent||$1,242||$1,362||$1,698||$2,099||$2,547|
|Yakutat, Alaska Payment Standard Range||$1,118 to $1,366||$1,226 to $1,498||$1,528 to $1,868||$1,889 to $2,309||$2,292 to $2,802|
Sourced from federal housing data and AffordableHousingOnline.com research.
Yakutat, AK Affordable Housing Snapshot
|Total Affordable Apartment Properties||1|
|Total Low Income Apartments||11|
|Total Housing Units with Rental Assistance||0|
|Percentage of Housing Units Occupied By Renters||45.6%|
|Average Renter Household Size||2.16|
|Average Household Size||2.32|
|Median Household Income||$72,500 ±$17,223|
|Median Rent||$945 ±$93|
|Percentage Of Renters Overburdened||27.19% ± 12.26pp|
Population and Household Demographics
Yakutat is a city in Alaska with a population of 597. There are 250 households in the city with an average household size of 2.32 persons. 45.6% of households in Yakutat are renters.
Income and Rent Overburden in Yakutat
The median gross income for households in Yakutat is $72,500 a year, or $6,042 a month. The median rent for the city is $945 a month.
Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Yakutat, a household making less than $3,150 a month would be considered overburdened when renting an apartment at or above the median rent. 27.19% of households who rent are overburdened in Yakutat.
Area Median Income In Yakutat
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 Yakutat, HUD calculates the Area Median Income for a family of four as $60,000
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 Yakutat
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 Yakutat
|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 Yakutat AMI may qualify for rental assistance programs that target Extremely Low Income households.
|50% AMI Income Limits
Renters earning up to 50% of the Yakutat AMI may qualify for rental assistance programs that target Very Low Income households.
|80% AMI Income Limits
Renters earning up to 80% of the Yakutat AMI may qualify for rental assistance programs that target Low Income households.