Affordable Housing In Louisville
Jefferson County, Georgia

2 Low Income Apartment Communities In Louisville

Brooksfield Apartments

1101 Peachtree Street
Louisville, GA
Call For Rent
1 BR
62+
Accessible
Subsidized

950 Walnut St

950 Walnut St
Louisville, GA
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Housing Authorities that serve Louisville

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

Guide To Affordable Housing in Louisville, Georgia

There are 2 low income housing apartment communities offering 110 affordable apartments for rent in Louisville, Georgia. Louisville features 110 low income apartments with rental assistance where households typically pay no more than 30% of their income towards rent. Additionally, there are 0 other low income apartments that don't provide direct rental assistance but remain affordable to low income households in Louisville.

Sourced from federal housing data and AffordableHousingOnline.com research.

Louisville, GA Affordable Housing Snapshot

Total Affordable Apartment Properties 2
Total Low Income Apartments 110
Total Housing Units with Rental Assistance 110
Percentage of Housing Units Occupied By Renters 39.85%
Average Renter Household Size 2.74
Average Household Size 2.51
Median Household Income $25,147 ±$6,335
Median Rent $626 ±$166
Percentage Of Renters Overburdened 53.89% ± 20.27pp
Total Population 2,581

Population and Household Demographics

Louisville is a City in Jefferson County, Georgia with a population of 2,581. There are 936 households in the city with an average household size of 2.51 persons. 39.85% of households in Louisville are renters.

Income and Rent Overburden in Louisville

The median gross income for households in Louisville is $25,147 a year, or $2,096 a month. The median rent for the city is $626 a month.

Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Louisville, a household making less than $2,087 a month would be considered overburdened when renting an apartment at or above the median rent. 53.89% of households who rent are overburdened in Louisville.1

Area Median Income In Louisville

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 Louisville, the AMI is calculated from all households within Jefferson County.

In Louisville, HUD calculates the Area Median Income for a family of four as $43,700

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 Louisville

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 Louisville HUD Rental Assistance in Louisville

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 $28,150 $30,250 $32,350 $34,400
50% of Median $18,250 $20,850 $23,450 $26,050 $28,150 $30,250 $32,350 $34,400
80% of Median $29,200 $33,400 $37,550 $41,700 $45,050 $48,400 $51,750 $55,050

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 Louisville

Income 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
50% of Median $18,250 $20,850 $23,450 $26,050 $28,150 $30,250 $32,350 $34,400
60% of Median $21,900 $25,020 $28,140 $31,260 $33,780 $36,300 $38,820 $41,280

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 Louisville is $28,140 a year, or $2,345 a month. To determine the maximum rent in the table below we multiply the monthly maximum income, $2,345 by 30% to get a maximum rent of $704 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% $456 $489 $586 $678 $756 $834
60% $548 $587 $704 $813 $908 $1,001
Fair Market Rents in Louisville

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
$491 $494 $651 $836 $1,057