Affordable Housing In Gilchrist County

4 Low Income Apartment Communities In Gilchrist County

Suwannee River Villas

17536 NW 90th Court
Fanning Springs, FL
2 BR

Trenton Place Apartments

718 NE 7th Place
Trenton, FL
Call For Rent
1-3 BR

1032 NE 2nd Ave

1032 NE 2nd Ave
Trenton, FL

Suwannee River Villas

901 Suwannee River Dr
Trenton, FL
HCV Welcome
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Housing Authorities that serve Gilchrist County

Housing Authority Programs
Gilchrist County Housing Authority Public Housing
North Central Florida Housing Authority Section 8 Housing Choice Voucher (HCV); Public Housing

Guide To Affordable Housing in Gilchrist County, Florida

There are 4 low income housing apartment communities offering 94 affordable apartments for rent in Gilchrist County, Florida. Gilchrist County features 46 low income apartments with rental assistance where households typically pay no more than 30% of their income towards rent. Additionally, there are 48 other low income apartments that don't provide direct rental assistance but remain affordable to low income households in Gilchrist County.

Sourced from federal housing data and research.

Gilchrist County, FL Affordable Housing Snapshot

Total Affordable Apartment Properties 4
Total Low Income Apartments 94
Total Housing Units with Rental Assistance 46
Percentage of Housing Units Occupied By Renters 19.09%
Average Renter Household Size 2.88
Average Household Size 2.54
Median Household Income $40,623 ±$2,651
Median Rent $658 ±$53
Percentage Of Renters Overburdened 42.25% ± 11.06pp
Total Population 16,992

Population and Household Demographics

Gilchrist County is a County in Florida with a population of 16,992. There are 6,187 households in the county with an average household size of 2.54 persons. 19.09% of households in Gilchrist County are renters.

Income and Rent Overburden in Gilchrist County

The median gross income for households in Gilchrist County is $40,623 a year, or $3,385 a month. The median rent for the county is $658 a month.

Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Gilchrist County, a household making less than $2,193 a month would be considered overburdened when renting an apartment at or above the median rent. 42.25% of households who rent are overburdened in Gilchrist County.1

Area Median Income In Gilchrist County

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 Gilchrist County, HUD calculates the Area Median Income for a family of four as $71,100

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 Gilchrist County

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 Gilchrist County HUD Rental Assistance in Gilchrist County

Income 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
30% of Median $14,950 $17,100 $21,330 $25,750 $30,170 $34,590 $39,010 $43,430
50% of Median $24,900 $28,450 $32,000 $35,550 $38,400 $41,250 $44,100 $46,950
80% of Median $39,850 $45,550 $51,250 $56,900 $61,500 $66,050 $70,600 $75,150
Low Income Housing Tax Credits in Gilchrist County

The Low-Income Housing Tax Credit (LIHTC) program aims to create affordable rental housing for low and very low income families.

From 1991 to 1991, 1 low income apartment communities containing 47 rental apartments have been constructed and made affordable to low income persons in Gilchrist County by the Low Income Housing Tax Credit Program.

If your income is less than 60% of the Area Median Income (AMI), you should not expect to pay more than the rent value for a unit in the table below. However, Affordable apartment communities that receive funding through the Low Income Housing Tax Credit program may have rental units that are not subject to income and rent limits.

Rent limits for the LIHTC Program are determined so that a household making the maximum income for the expected household size of the unit would only pay 30% of their income for rent.

Income Qualifications for Low Income Housing Tax Credit Apartments in Gilchrist County

Income 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
50% of Median $24,900 $28,450 $32,000 $35,550 $38,400 $41,250 $44,100 $46,950
60% of Median $29,880 $34,140 $38,400 $42,660 $46,080 $49,500 $52,920 $56,340

For example, the expected household size for a two bedroom apartment is 3 people. Using the table above, the maximum income for a 3 person household at 60% of the AMI in Gilchrist County is $38,400 a year, or $3,200 a month. To determine the maximum rent in the table below we multiply the monthly maximum income, $3,200 by 30% to get a maximum rent of $960 a month.

Rent for units in the LIHTC Program include a utility allowance which is determined by the average monthly cost of utilities paid directly by residents. This allowance has not been subtracted from the rents in the table below. These utility allowances are set on a property by property basis.

% of AMI Studio 1 Bed 2 Bed 3 Bed 4 Bed 5 Bed
50% $623 $667 $800 $924 $1,031 $1,138
60% $747 $800 $960 $1,109 $1,238 $1,366
Fair Market Rents in Gilchrist County

Fair Market Rents, often abbreviated as FMR, can be used to better understand the average housing costs of an area. Notably, Fair Market Rents are used to establish the payment standards for the Housing Choice Voucher Program, maximum rents in HOME financed rental projects and initial rents for Section 8 project based assistance.

2020 Fair Market Rents
Studio One BR Two BR Three BR Four BR
$721 $795 $971 $1,267 $1,315

Cities In Gilchrist County

Select A City to View its Apartment Communities and Waiting Lists.

City Listings Served By
Trenton 3 The HUD funded Public Housing Agencies that serve Trenton are the Gilchrist County Housing Authority and North Central Florida Housing Authority.
Fanning Springs 1 The HUD funded Public Housing Agencies that serve Fanning Springs are the Gilchrist County Housing Authority and North Central Florida Housing Authority.
Bell 0 The HUD funded Public Housing Agency that serves Bell is the North Central Florida Housing Authority.
Spring Ridge 0 The HUD funded Public Housing Agency that serves Spring Ridge is the North Central Florida Housing Authority.