Affordable Housing In Buford
Gwinnett County, Georgia

4 Low Income Apartment Communities In Buford

Huntington Court Senior Residences

4115 S Lee St
Buford, GA
HCV Welcome

The Reserve at Ivy Creek

1869 Appaloosa Ln
Buford, GA
HCV Welcome

Huntington Court Senior Residences

South Lee St
Buford, GA
HCV Welcome

Rolling Acres

110 E Park St
Buford, GA
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Housing Authorities that serve Buford

Housing Authority Programs
Housing Authority of the City of Buford Public Housing
Georgia Department of Community Affairs Section 8 Housing Choice Voucher (HCV)

Guide To Affordable Housing in Buford, Georgia

There are 4 low income housing apartment communities offering 609 affordable apartments for rent in Buford, Georgia. Buford features 189 low income apartments with rental assistance where households typically pay no more than 30% of their income towards rent. Additionally, there are 420 other low income apartments that don't provide direct rental assistance but remain affordable to low income households in Buford.

Sourced from federal housing data and AffordableHousingOnline.com research.

Buford, GA Affordable Housing Snapshot

Total Affordable Apartment Properties 4
Total Low Income Apartments 609
Total Housing Units with Rental Assistance 189
Percentage of Housing Units Occupied By Renters 43.11%
Average Renter Household Size 3.06
Average Household Size 3.07
Median Household Income $47,354 ±$8,735
Median Rent $850 ±$38
Percentage Of Renters Overburdened 40.42% ± 11.17pp
Total Population 13,244

Population and Household Demographics

Buford is a City in Gwinnett County, Georgia with a population of 13,244. There are 4,275 households in the city with an average household size of 3.07 persons. 43.11% of households in Buford are renters.

Income and Rent Overburden in Buford

The median gross income for households in Buford is $47,354 a year, or $3,946 a month. The median rent for the city is $850 a month.

Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Buford, a household making less than $2,833 a month would be considered overburdened when renting an apartment at or above the median rent. 40.42% of households who rent are overburdened in Buford.1

Area Median Income In Buford

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 Buford, the AMI is calculated from all households within Gwinnett County.

In Buford, 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 Buford

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 Buford HUD Rental Assistance in Buford

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
Low Income Housing Tax Credits in Buford

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

From 2004 to 2005, 2 low income apartment communities containing 399 rental apartments have been constructed and made affordable to low income persons in Buford 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 Buford

Income 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
50% of Median $27,900 $31,900 $35,900 $39,850 $43,050 $46,250 $49,450 $52,650
60% of Median $33,480 $38,280 $43,080 $47,820 $51,660 $55,500 $59,340 $63,180

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 Buford is $43,080 a year, or $3,590 a month. To determine the maximum rent in the table below we multiply the monthly maximum income, $3,590 by 30% to get a maximum rent of $1,077 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% $698 $748 $898 $1,036 $1,156 $1,276
60% $837 $897 $1,077 $1,244 $1,388 $1,532
Fair Market Rents in Buford

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
$996 $1,025 $1,167 $1,489 $1,824