Affordable Housing In Albany
Alameda County, California

1 Low Income Apartment Communities In Albany

Section 8 Vouchers, Apartments, and Waiting Lists in Albany, California

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 Albany, California

Housing Authority	Programs
Housing Authority of the County of Alameda	Section 8 Housing Choice Voucher (HCV); Public Housing

Guide To Affordable Housing in Albany, California

There are 1 low income housing apartment communities offering 18 affordable apartments for rent in Albany, California.

Income Based Apartments in Albany, California

Albany 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 Albany, California

There are 18 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Albany.

Housing Choice Vouchers in Albany, California

On average, Section 8 Housing Choice vouchers pay Albany landlords $1,800 per month towards rent. The average voucher holder contributes $400 towards rent in Albany.

The maximum amount a voucher would pay on behalf of a low-income tenant in Albany, California for a two-bedroom apartment is between $2,047 and $2,501.

2022 Albany, California 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
Albany, California Fair Market Rent	$1,538	$1,854	$2,274	$3,006	$3,578
Albany, California Payment Standard Range	$1,384 to $1,692	$1,669 to $2,039	$2,047 to $2,501	$2,705 to $3,307	$3,220 to $3,936

Sourced from federal housing data and AffordableHousingOnline.com research.

Albany, CA Affordable Housing Snapshot

Total Affordable Apartment Properties	1
Total Low Income Apartments	18
Total Housing Units with Rental Assistance	0
Percentage of Housing Units Occupied By Renters	55.47%
Average Renter Household Size	2.52
Average Household Size	2.60
Median Household Income	$79,596 ±$7,187
Median Rent	$1,627 ±$44
Percentage Of Renters Overburdened	54.79% ± 4.64pp
Total Population	19,249

Population and Household Demographics

Albany is a city in Alameda County, California with a population of 19,249. There are 7,377 households in the city with an average household size of 2.60 persons. 55.47% of households in Albany are renters.

Income and Rent Overburden in Albany

The median gross income for households in Albany is $79,596 a year, or $6,633 a month. The median rent for the city is $1,627 a month.

Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Albany, a household making less than $5,423 a month would be considered overburdened when renting an apartment at or above the median rent. 54.79% of households who rent are overburdened in Albany.

Area Median Income In Albany

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 Albany, the AMI is calculated from all households within Alameda County.

In Albany, HUD calculates the Area Median Income for a family of four as $142,800

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 Albany

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 Albany

	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 Albany AMI may qualify for rental assistance programs that target Extremely Low Income households.	$30,000	$34,300	$38,600	$42,850	$46,300	$49,750	$53,150	$56,600
50% AMI Income Limits Renters earning up to 50% of the Albany AMI may qualify for rental assistance programs that target Very Low Income households.	$50,000	$57,150	$64,300	$71,400	$77,150	$82,850	$88,550	$94,250
80% AMI Income Limits Renters earning up to 80% of the Albany AMI may qualify for rental assistance programs that target Low Income households.	$74,200	$84,800	$95,400	$106,000	$114,500	$123,000	$131,450	$139,950