Affordable Housing In Atlanta
253 Low Income Apartment Communities In Atlanta
Housing Authorities that serve Atlanta
|Atlanta Housing Authority||Section 8 Housing Choice Voucher (HCV); Public Housing; Moving to Work|
Other Housing Authorities located in Atlanta
|Housing Authority of Fulton County||Section 8 Housing Choice Voucher (HCV); Public Housing; Homeownership Voucher; Section 8 Project-Based Voucher (PBV)|
|City of Atlanta Dept. of Housing And Community Development||Section 8 Housing Choice Voucher (HCV)|
|Georgia Department of Community Affairs||Section 8 Housing Choice Voucher (HCV)|
Guide To Affordable Housing in Atlanta, Georgia
There are 253 low income housing apartment communities offering 36,066 affordable apartments for rent in Atlanta, Georgia.
Income Based Apartments in Atlanta, Georgia
Atlanta features 16,942 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 Atlanta, Georgia
There are 19,124 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Atlanta.
Housing Choice Vouchers in Atlanta, Georgia
On average, Section 8 Housing Choice vouchers pay Atlanta landlords $700 per month towards rent. The average voucher holder contributes $400 towards rent in Atlanta.
The maximum amount a voucher would pay on behalf of a low-income tenant in Atlanta, Georgia for a two-bedroom apartment is between $1,050 and $1,284.
2020 Atlanta, Georgia 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|
|Fair Market Rent||$996||$1,025||$1,167||$1,489||$1,824|
|Payment Standard Range||$896 to $1,096||$923 to $1,128||$1,050 to $1,284||$1,340 to $1,638||$1,642 to $2,006|
Sourced from federal housing data and AffordableHousingOnline.com research.
Atlanta, GA Affordable Housing Snapshot
|Total Affordable Apartment Properties||253|
|Total Low Income Apartments||36,066|
|Total Housing Units with Rental Assistance||16,942|
|Percentage of Housing Units Occupied By Renters||56.42%|
|Average Renter Household Size||2.18|
|Average Household Size||2.25|
|Median Household Income||$47,527 ±$1,081|
|Median Rent||$975 ±$10|
|Percentage Of Renters Overburdened||48.42% ± 1.33pp|
Population and Household Demographics
Atlanta is a City in Fulton County, Georgia with a population of 448,901. There are 185,820 households in the city with an average household size of 2.25 persons. 56.42% of households in Atlanta are renters.
Income and Rent Overburden in Atlanta
The median gross income for households in Atlanta is $47,527 a year, or $3,961 a month. The median rent for the city is $975 a month.
Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Atlanta, a household making less than $3,250 a month would be considered overburdened when renting an apartment at or above the median rent. 48.42% of households who rent are overburdened in Atlanta.1
Area Median Income In Atlanta
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 Atlanta, the AMI is calculated from all households within Fulton County.
In Atlanta, HUD calculates the Area Median Income for a family of four as $79,700
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 Atlanta
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 Atlanta HUD Rental Assistance in Atlanta
|Income||1 Person||2 Person||3 Person||4 Person||5 Person||6 Person||7 Person||8 Person|
|30% of Median||$16,750||$19,150||$21,550||$25,750||$30,170||$34,590||$39,010||$43,430|
|50% of Median||$27,900||$31,900||$35,900||$39,850||$43,050||$46,250||$49,450||$52,650|
|80% of Median||$44,650||$51,000||$57,400||$63,750||$68,850||$73,950||$79,050||$84,150|