Affordable Housing In Gould
Lincoln County, Arkansas

3 Low Income Apartment Communities In Gould

Gould

401 S Main St
Gould, Arkansas

Southoak Apartments

Hwy 65 S
Gould, Arkansas
Subsidized

Wilson Allen Manor

Oklahoma And Madison
Gould, Arkansas
Subsidized
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Section 8 Vouchers, Apartments, and Waiting Lists in Gould, 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 Gould, Arkansas

Housing Authority Programs
Housing Authority of the City of Gould Public Housing
Star City Housing Authority Section 8 Housing Choice Voucher (HCV); Public Housing

Guide To Affordable Housing in Gould, Arkansas

There are 3 low income housing apartment communities offering 85 affordable apartments for rent in Gould, Arkansas.

Income Based Apartments in Gould, Arkansas

Gould features 85 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 Gould, Arkansas

There are 0 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Gould.

Housing Choice Vouchers in Gould, Arkansas

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

The maximum amount a voucher would pay on behalf of a low-income tenant in Gould, Arkansas for a two-bedroom apartment is between $684 and $836.

2022 Gould, 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
Gould, Arkansas Fair Market Rent $563 $578 $760 $950 $1,097
Gould, Arkansas Payment Standard Range $507 to $619 $520 to $636 $684 to $836 $855 to $1,045 $987 to $1,207

Sourced from federal housing data and AffordableHousingOnline.com research.

Gould, AR Affordable Housing Snapshot

Total Affordable Apartment Properties 3
Total Low Income Apartments 85
Total Housing Units with Rental Assistance 85
Percentage of Housing Units Occupied By Renters 48.34%
Average Renter Household Size 2.21
Average Household Size 2.31
Median Household Income $16,458 ±$5,516
Median Rent $408 ±$70
Percentage Of Renters Overburdened 50% ± 17.79pp
Total Population 764

Population and Household Demographics

Gould is a city in Lincoln County, Arkansas with a population of 764. There are 331 households in the city with an average household size of 2.31 persons. 48.34% of households in Gould are renters.

Income and Rent Overburden in Gould

The median gross income for households in Gould is $16,458 a year, or $1,372 a month. The median rent for the city is $408 a month.

Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Gould, a household making less than $1,360 a month would be considered overburdened when renting an apartment at or above the median rent. 50% of households who rent are overburdened in Gould.

Area Median Income In Gould

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 Gould, the AMI is calculated from all households within Lincoln County.

In Gould, HUD calculates the Area Median Income for a family of four as $60,100

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 Gould

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 Gould

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 Gould AMI may qualify for rental assistance programs that target Extremely Low Income households.
$12,880 $17,420 $21,960 $26,500 $29,850 $32,050 $34,250 $36,450
50% AMI Income Limits
Renters earning up to 50% of the Gould AMI may qualify for rental assistance programs that target Very Low Income households.
$19,350 $22,100 $24,850 $27,600 $29,850 $32,050 $34,250 $36,450
80% AMI Income Limits
Renters earning up to 80% of the Gould AMI may qualify for rental assistance programs that target Low Income households.
$30,950 $35,350 $39,750 $44,150 $47,700 $51,250 $54,750 $58,300