Affordable Housing In Fort Smith
23 Low Income Apartment Communities In Fort Smith
Section 8 Vouchers, Apartments, and Waiting Lists in Fort Smith, Arkansas
Public Housing Agencies operate federally assisted affordable housing programs at local levels on behalf of HUD. Notably, housing agencies are responsible for managing Section 8 Housing Choice Voucher, Public Housing, and Project-Based Voucher waiting lists within their jurisdiction.
Households who qualify for these programs may also qualify for Project-Based Section 8, which contributes rental assistance payments directly to private landlords on behalf of low-income tenants. Eligibility for the project-based program is similar to the voucher programs, but waiting list and application policies will vary depending on the landlord.
Public Housing Agencies Serving Fort Smith, Arkansas
|Fort Smith Housing Authority||Section 8 Housing Choice Voucher (HCV); Public Housing|
Guide To Affordable Housing in Fort Smith, Arkansas
There are 23 low income housing apartment communities offering 1,924 affordable apartments for rent in Fort Smith, Arkansas.
Income Based Apartments in Fort Smith, Arkansas
Fort Smith features 1,154 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 Fort Smith, Arkansas
There are 770 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Fort Smith.
Housing Choice Vouchers in Fort Smith, Arkansas
On average, Section 8 Housing Choice vouchers pay Fort Smith landlords $400 per month towards rent. The average voucher holder contributes $300 towards rent in Fort Smith.
The maximum amount a voucher would pay on behalf of a low-income tenant in Fort Smith, Arkansas for a two-bedroom apartment is between $666 and $814.
2022 Fort Smith, Arkansas 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|
|Fort Smith, Arkansas Fair Market Rent||$559||$562||$740||$1,031||$1,165|
|Fort Smith, Arkansas Payment Standard Range||$503 to $615||$506 to $618||$666 to $814||$928 to $1,134||$1,049 to $1,282|
Sourced from federal housing data and AffordableHousingOnline.com research.
Area Median Income In Fort Smith
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 Fort Smith, the AMI is calculated from all households within Sebastian County.
In Fort Smith, HUD calculates the Area Median Income for a family of four as $62,600
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 Fort Smith
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 Fort Smith
|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 Fort Smith AMI may qualify for rental assistance programs that target Extremely Low Income households.
|50% AMI Income Limits
Renters earning up to 50% of the Fort Smith AMI may qualify for rental assistance programs that target Very Low Income households.
|80% AMI Income Limits
Renters earning up to 80% of the Fort Smith AMI may qualify for rental assistance programs that target Low Income households.