Affordable Housing In Suwannee County
Florida


Waiting List Openings In Suwannee County

Waiting ListStatus
North Central Florida Housing Authority Housing Choice Voucher Open Now

9 Low Income Apartment Communities In Suwannee County

Carter House

23760 Park Center Dr
Live Oak, FL
62+
Accessible
Elderly Supportive Housing
Subsidized

Village Oaks Apartments

705 Northwest Dr SW
Live Oak, FL
Subsidized

Dowling House

23740 Park Center Dr
Live Oak, FL
Subsidized

Meadows Apts, Phase I

1600 S.E. Helvenston
Live Oak, FL

Meadows Apts, Phase II (

1600 S.E. Helvenston
Live Oak, FL

Branford Villas

517 Craven St SE
Branford, FL
Subsidized

504 Braughton St SE

504 Braughton St SE
Branford, FL

Meadows Apartments Ph II

1600 Helvenston St SE
Live Oak, FL
Subsidized

Silas Oaks

1120 Silas Dr SW
Live Oak, FL
HCV Welcome
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There are 9 low income housing apartment complexes which contain 519 affordable apartments for rent in Suwannee County. Many of these rental apartments are income based housing with 409 apartments that set rent based on your income. In Suwannee County, HUD housing programs support 112 rental assistance apartments through programs like Project-based Section 8. There are 110 other low income apartments that don't have rental assistance but are cheaper than market rate rents.

Housing Authorities that serve Suwannee County

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

Other Housing Authorities located in Suwannee County

Housing Authority Programs
Housing Authority of the City of Live Oak Public Housing

Guide To Affordable Housing in Suwannee County, Florida

Suwannee County, FL Affordable Housing Snapshot

Total Affordable Apartment Properties 9
Total Low Income Apartments 519
Total Rent Assisted Apartments 409
Percentage of Housing Units Occupied By Renters 31.29%
Average Renter Household Size 2.91
Total Population 43,595
Housing Units 15,649
Average Household Size 2.69
Median Household Income $36,289 ±$2,169
Median Rent $677 ±$59
Percentage Of Renters Overburdened 36.37% ± 6.2pp

Population and Household Demographics

Suwannee County is a County in Florida with a population of 43,595. There are 15,649 households in the county with an average household size of 2.69 persons. 31.29% of households in Suwannee County are renters.

Income and Rent Overburden in Suwannee County

The median gross income for households in Suwannee County is $36,289 a year, or $3,024 a month. The median rent for the county is $677 a month.

Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Suwannee County, a household making less than $2,257 a month would be considered overburdened when renting an apartment at or above the median rent. 36.37% of households who rent are overburdened in Suwannee County.1

Area Median Income In Suwannee 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 Suwannee County, HUD calculates the Area Median Income for a family of four as $48,800

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 Suwannee 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 Suwannee County HUD Rental Assistance in Suwannee County

Income 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
30% of Median $12,490 $16,910 $21,330 $25,750 $27,950 $30,000 $32,100 $34,150
50% of Median $18,100 $20,700 $23,300 $25,850 $27,950 $30,000 $32,100 $34,150
80% of Median $28,950 $33,100 $37,250 $41,350 $44,700 $48,000 $51,300 $54,600
Low Income Housing Tax Credits in Suwannee County

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

From 2006 to 2011, 2 low income apartment communities containing 221 rental apartments have been constructed and made affordable to low income persons in Suwannee 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 Suwannee County

Income 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
50% of Median $18,100 $20,700 $23,300 $25,850 $27,950 $30,000 $32,100 $34,150
60% of Median $21,720 $24,840 $27,960 $31,020 $33,540 $36,000 $38,520 $40,980

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 Suwannee County is $27,960 a year, or $2,330 a month. To determine the maximum rent in the table below we multiply the monthly maximum income, $2,330 by 30% to get a maximum rent of $699 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% $453 $485 $583 $673 $750 $828
60% $543 $582 $699 $807 $900 $994
Fair Market Rents in Suwannee 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.

2019 Fair Market Rents
Studio One BR Two BR Three BR Four BR
$591 $606 $694 $1,003 $1,208

Cities In Suwannee County

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

City Listings Served By
Live Oak 7 The HUD funded Public Housing Agencies that serve Live Oak are the Housing Authority of the City of Live Oak, Suwannee County Housing Authority and North Central Florida Housing Authority.
Branford 2 The HUD funded Public Housing Agencies that serve Branford are the Suwannee County Housing Authority and North Central Florida Housing Authority.