Affordable Housing In Newnan
Coweta County, Georgia

17 Low Income Apartment Communities In Newnan

Highlands Apartments

16 Lake Street
Newnan, GA
1-4 BR

The Forest at York Apartments

301 Calumet Parkway
Newnan, GA
1-2 BR
HCV Welcome

Foxworth Forest

17 Foster Dr
Newnan, GA
Call For Rent
1-3 BR
HCV Welcome

Shenandoah Villas

100 Villa Drive
Newnan, GA
Call For Rent
1 BR

Chestnut Lane

82-A Berry Avenue
Newnan, GA
Call For Rent
1-2 BR
HCV Welcome

Newnan Estates Apartments

53 Newnan Estates Dr
Newnan, GA

Shenandoah Forest

8 Forest Cir
Newnan, GA

Eastgate Apartments

11 Dowdell St
Newnan, GA

Newnan Crossing Apartments

151 Parkway N
Newnan, GA
HCV Welcome

Columbia Woods Townhouses

166 Greison Trl
Newnan, GA
HCV Welcome

Housing Authorities that serve Newnan

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

Guide To Affordable Housing in Newnan, Georgia

According to federal housing data and research, there are 17 low income housing apartment communities offering 1,593 affordable apartments for rent in Newnan, Georgia. Newnan features 890 low income apartments with rental assistance where households typically pay no more than 30% of their income towards rent. Additionally, there are 703 other low income apartments that don't provide direct rental assistance but remain affordable to low income households in Newnan.

Newnan, GA Affordable Housing Snapshot

Total Affordable Apartment Properties 17
Total Low Income Apartments 1,593
Total Housing Units with Rental Assistance 890
Percentage of Housing Units Occupied By Renters 46.65%
Average Renter Household Size 2.55
Average Household Size 2.65
Median Household Income $50,052 ±$2,839
Median Rent $919 ±$39
Percentage Of Renters Overburdened 44.02% ± 6.48pp
Total Population 35,224

Population and Household Demographics

Newnan is a City in Coweta County, Georgia with a population of 35,224. There are 13,142 households in the city with an average household size of 2.65 persons. 46.65% of households in Newnan are renters.

Income and Rent Overburden in Newnan

The median gross income for households in Newnan is $50,052 a year, or $4,171 a month. The median rent for the city is $919 a month.

Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Newnan, a household making less than $3,063 a month would be considered overburdened when renting an apartment at or above the median rent. 44.02% of households who rent are overburdened in Newnan.1

Area Median Income In Newnan

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 Newnan, the AMI is calculated from all households within Coweta County.

In Newnan, 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 Newnan

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 Newnan HUD Rental Assistance in Newnan

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 Newnan

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

From 1990 to 2010, 7 low income apartment communities containing 757 rental apartments have been constructed and made affordable to low income persons in Newnan 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 Newnan

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 Newnan 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 Newnan

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