Affordable Housing In Augusta
Richmond County, Georgia

51 Low Income Apartment Communities In Augusta

Independent Living Horizons IIi

2208 Walden Dr
Augusta, GA
Accessible
Disabled Supportive Housing
Subsidized

Independent Living Horizons Twelve

1068 Bertram Rd
Augusta, GA
Accessible
Disabled Supportive Housing
Subsidized

Independent Living Horizons Two

2038 Fenwick St
Augusta, GA
Accessible
Disabled Supportive Housing
Subsidized

Augusta Springs Apartments

1800 Sibley Rd
Augusta, GA
HCV Welcome

Augusta Properties

1901 Broad St
Augusta, GA
Subsidized

Lynndale West Apartments

1302 Marks Church Rd
Augusta, GA
Accessible
Disabled Supportive Housing
Subsidized

Independent Living Horizions 5

2902 Howell Rd
Augusta, GA
Accessible
Disabled Supportive Housing
Subsidized

Bon Air Apartments

2101 Walton Way
Augusta, GA
HCV Welcome

Hale Street Apartments

403 Hale St
Augusta, GA
HCV Welcome

Olmstead Homes

2114 C St
Augusta, GA

Housing Authorities that serve Augusta

Housing Authority Programs
Augusta Housing Authority Section 8 Housing Choice Voucher (HCV); Public Housing

Guide To Affordable Housing in Augusta, Georgia

There are 51 low income housing apartment communities offering 5,400 affordable apartments for rent in Augusta, Georgia. Augusta features 3,334 low income apartments with rental assistance where households typically pay no more than 30% of their income towards rent. Additionally, there are 2,066 other low income apartments that don't provide direct rental assistance but remain affordable to low income households in Augusta.

Sourced from federal housing data and AffordableHousingOnline.com research.

Augusta, GA Affordable Housing Snapshot

Total Affordable Apartment Properties 51
Total Low Income Apartments 5,400
Total Housing Units with Rental Assistance 3,334
Percentage of Housing Units Occupied By Renters 47.42%
Average Renter Household Size 2.71
Average Household Size 2.67
Median Household Income $37,337 ±$1,298
Median Rent $788 ±$16
Percentage Of Renters Overburdened 50.87% ± 2.24pp
Total Population 196,635

Population and Household Demographics

Augusta is a City in Richmond County, Georgia with a population of 196,635. There are 70,187 households in the city with an average household size of 2.67 persons. 47.42% of households in Augusta are renters.

Income and Rent Overburden in Augusta

The median gross income for households in Augusta is $37,337 a year, or $3,111 a month. The median rent for the city is $788 a month.

Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Augusta, a household making less than $2,627 a month would be considered overburdened when renting an apartment at or above the median rent. 50.87% of households who rent are overburdened in Augusta.1

Area Median Income In Augusta

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 Augusta, the AMI is calculated from all households within Richmond County.

In Augusta, HUD calculates the Area Median Income for a family of four as $62,800

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 Augusta

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 Augusta HUD Rental Assistance in Augusta

Income 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
30% of Median $13,200 $16,910 $21,330 $25,750 $30,170 $34,590 $38,950 $41,450
50% of Median $22,000 $25,150 $28,300 $31,400 $33,950 $36,450 $38,950 $41,450
80% of Median $35,200 $40,200 $45,250 $50,250 $54,300 $58,300 $62,350 $66,350
Low Income Housing Tax Credits in Augusta

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

From 1990 to 2012, 15 low income apartment communities containing 1,732 rental apartments have been constructed and made affordable to low income persons in Augusta 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 Augusta

Income 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
50% of Median $22,000 $25,150 $28,300 $31,400 $33,950 $36,450 $38,950 $41,450
60% of Median $26,400 $30,180 $33,960 $37,680 $40,740 $43,740 $46,740 $49,740

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 Augusta is $33,960 a year, or $2,830 a month. To determine the maximum rent in the table below we multiply the monthly maximum income, $2,830 by 30% to get a maximum rent of $849 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% $550 $589 $708 $817 $911 $1,005
60% $660 $707 $849 $980 $1,094 $1,206
Fair Market Rents in Augusta

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
$689 $722 $848 $1,156 $1,489