Affordable Housing In Buena Vista
Marion County, Georgia

3 Low Income Apartment Communities In Buena Vista

Briarwood Village Apartments

307 Geneva Road
Buena Vista, GA
Call For Rent
1-3 BR
Subsidized

Buena Vista Elderly Apartments

Baker St
Buena Vista, GA
HCV Welcome

T.W. Hollis Homes Matthew Williams Homes

335 Rogers St
Buena Vista, GA
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Housing Authorities that serve Buena Vista

Housing Authority Programs
Housing Authority of Columbus Georgia Section 8 Housing Choice Voucher (HCV); Public Housing; Family Self-sufficiency; Moving to Work; Section 8 Project-Based Voucher (PBV); Section 8 Project-Based Rental Assistance (PBRA); Rental Assistance Demonstration (RAD)
Housing Authority of the City of Buena Vista Public Housing
Georgia Department of Community Affairs Section 8 Housing Choice Voucher (HCV)

Guide To Affordable Housing in Buena Vista, Georgia

According to federal housing data and AffordableHousingOnline.com research, there are 3 low income housing apartment communities offering 127 affordable apartments for rent in Buena Vista, Georgia. Buena Vista features 103 low income apartments with rental assistance where households typically pay no more than 30% of their income towards rent. Additionally, there are 24 other low income apartments that don't provide direct rental assistance but remain affordable to low income households in Buena Vista.

Buena Vista, GA Affordable Housing Snapshot

Total Affordable Apartment Properties 3
Total Low Income Apartments 127
Total Housing Units with Rental Assistance 103
Percentage of Housing Units Occupied By Renters 62.93%
Average Renter Household Size 2.93
Average Household Size 2.97
Median Household Income $25,120 ±$7,877
Median Rent $388 ±$34
Percentage Of Renters Overburdened 32.75% ± 12.05pp
Total Population 2,231

Population and Household Demographics

Buena Vista is a City in Marion County, Georgia with a population of 2,231. There are 723 households in the city with an average household size of 2.97 persons. 62.93% of households in Buena Vista are renters.

Income and Rent Overburden in Buena Vista

The median gross income for households in Buena Vista is $25,120 a year, or $2,093 a month. The median rent for the city is $388 a month.

Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Buena Vista, a household making less than $1,293 a month would be considered overburdened when renting an apartment at or above the median rent. 32.75% of households who rent are overburdened in Buena Vista.1

Area Median Income In Buena Vista

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 Buena Vista, the AMI is calculated from all households within Marion County.

In Buena Vista, HUD calculates the Area Median Income for a family of four as $59,600

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 Buena Vista

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 Buena Vista HUD Rental Assistance in Buena Vista

Income 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
30% of Median $12,550 $16,910 $21,330 $25,750 $30,170 $34,590 $37,000 $39,350
50% of Median $20,900 $23,850 $26,850 $29,800 $32,200 $34,600 $37,000 $39,350
80% of Median $33,400 $38,200 $42,950 $47,700 $51,550 $55,350 $59,150 $63,000
Low Income Housing Tax Credits in Buena Vista

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

From 1990 to 1994, 2 low income apartment communities containing 88 rental apartments have been constructed and made affordable to low income persons in Buena Vista 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 Buena Vista

Income 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
50% of Median $20,900 $23,850 $26,850 $29,800 $32,200 $34,600 $37,000 $39,350
60% of Median $25,080 $28,620 $32,220 $35,760 $38,640 $41,520 $44,400 $47,220

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 Buena Vista is $32,220 a year, or $2,685 a month. To determine the maximum rent in the table below we multiply the monthly maximum income, $2,685 by 30% to get a maximum rent of $806 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% $523 $559 $671 $775 $865 $954
60% $627 $671 $806 $930 $1,038 $1,145
Fair Market Rents in Buena Vista

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
$594 $670 $790 $1,062 $1,387