Affordable Housing In Richmond County
Georgia

52 Low Income Apartment Communities In Richmond County

Legacy at Walton Oaks

602 Fairhope Street
Augusta, GA
Income Based
1-2 BR
HCV Welcome

Walton Oaks

602 Fairhope Street
Augusta, GA
Income Based
2-3 BR
HCV Welcome

Gardens At Harvest Point

1901 Harvest Point Way
Augusta, GA
$571-806
1-3 BR

The Legacy at Walton Green

1550 Fifteenth St
Augusta, GA
Call For Rent
1-2 BR
55+
HCV Welcome

Cedarwood Apartments

527 Richmond Hill Rd W
Augusta, GA
Call For Rent
1-3 BR
HCV Welcome

Eagles Trace Apartments

420 East Boundry
Augusta, GA
Call For Rent
1-4 BR
HCV Welcome

The Terrace at Edinburgh

2515 Kennedy Dr
Augusta, GA
55+
HCV Welcome

Richmond Summit Apartments

744 Broad Street
Augusta, GA
Subsidized

Independent Living Horizons I

714 Monte Santo Ave
Augusta, GA
Accessible
Disabled Supportive Housing
Subsidized

Lynndale Group Homes

3294 Skinner Mill Rd
Augusta, GA
62+
Accessible
Elderly Supportive Housing
Subsidized

Housing Authorities that serve Richmond County

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

Guide To Affordable Housing in Richmond County, Georgia

There are 52 low income housing apartment communities offering 5,496 affordable apartments for rent in Richmond County, Georgia. Richmond County features 3,430 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 Richmond County.

Sourced from federal housing data and AffordableHousingOnline.com research.

Richmond County, GA Affordable Housing Snapshot

Total Affordable Apartment Properties 52
Total Low Income Apartments 5,496
Total Housing Units with Rental Assistance 3,430
Percentage of Housing Units Occupied By Renters 46.92%
Average Renter Household Size 2.71
Average Household Size 2.68
Median Household Income $37,424 ±$1,318
Median Rent $790 ±$17
Percentage Of Renters Overburdened 50.84% ± 2.22pp
Total Population 201,291

Population and Household Demographics

Richmond County is a County in Georgia with a population of 201,291. There are 71,724 households in the county with an average household size of 2.68 persons. 46.92% of households in Richmond County are renters.

Income and Rent Overburden in Richmond County

The median gross income for households in Richmond County is $37,424 a year, or $3,119 a month. The median rent for the county is $790 a month.

Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Richmond County, a household making less than $2,633 a month would be considered overburdened when renting an apartment at or above the median rent. 50.84% of households who rent are overburdened in Richmond County.1

Area Median Income In Richmond County

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.

In Richmond County, 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 Richmond County

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 Richmond County HUD Rental Assistance in Richmond County

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 Richmond County

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 Richmond County 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 Richmond County

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 Richmond County 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 Richmond County

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

Cities In Richmond County

Select A City to View its Apartment Communities and Waiting Lists.

City Listings Served By
Augusta 51 The HUD funded Public Housing Agency that serves Augusta is the Augusta Housing Authority.
Hephzibah 1
Augusta Richmond County consolidated government (balance) 0
Augusta-Richmond County consolidated government (balance) 0