Low Income Apartments In Valley County
Idaho

Low Income Apartments In Valley County

The Springs Apartments

325 Valley Springs Rd
Mccall, ID
Call For Rent
Studio-3 BR
HCV Welcome

Claremont

410 Old State Highway
Cascade, ID
Subsidized

Mccall Senior Housing

430 Floyde St
Mccall, ID

Osprey Court II

Unnamed Rd
Mccall, ID
HCV Welcome

Cascade Senior Housing

13 E Spring St
Cascade, ID

Valley One Apartments

210 Colorado St
Mccall, ID
HCV Welcome

Roseberry Court

700 S Samson Trl
Mccall, ID
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There are 7 low income housing apartment complexes which contain 260 affordable apartments for rent in Valley County. Many of these rental apartments are income based housing with 16 apartments that set rent based on your income. In Valley County, HUD housing programs support 0 rental assistance apartments through programs like Project-based Section 8. There are 244 other low income apartments that don't have rental assistance but are cheaper than market rate rents.

Housing Authorities that serve Valley County

Housing Authority Programs
Southwestern Idaho Cooperative Housing Authority Section 8 Housing Choice Voucher (HCV); Public Housing; Homeownership Voucher; Family Self-sufficiency

Guide To Affordable Housing in Valley County, Idaho

Valley County, ID Affordable Housing Snapshot

Total Affordable Apartment Properties 7
Total Low Income Apartments 260
Total Rent Assisted Apartments 16
Percentage of Housing Units Occupied By Renters 27.42%
Average Renter Household Size 3.50
Total Population 9,720
Housing Units 3,188
Average Household Size 2.99
Median Household Income $48,384 ±$7,162
Median Rent $762 ±$133
Percentage Of Renters Overburdened 44.97% ± 13.49pp

Population and Household Demographics

Valley County is a County in Idaho with a population of 9,720. There are 3,188 households in the county with an average household size of 2.99 persons. 27.42% of households in Valley County are renters.

Income and Rent Overburden in Valley County

The median gross income for households in Valley County is $48,384 a year, or $4,032 a month. The median rent for the county is $762 a month.

Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Valley County, a household making less than $2,540 a month would be considered overburdened when renting an apartment at or above the median rent. 44.97% of households who rent are overburdened in Valley County.1

Area Median Income In Valley 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 Valley County, HUD calculates the Area Median Income for a family of four as $65,800

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 Valley 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 Valley County HUD Rental Assistance in Valley County

Income 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
30% of Median $13,850 $16,910 $21,330 $25,750 $30,170 $34,590 $39,010 $43,430
50% of Median $23,050 $26,350 $29,650 $32,900 $35,550 $38,200 $40,800 $43,450
80% of Median $36,900 $42,150 $47,400 $52,650 $56,900 $61,100 $65,300 $69,500
Low Income Housing Tax Credits in Valley County

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

From 1989 to 2011, 3 low income apartment communities containing 60 rental apartments have been constructed and made affordable to low income persons in Valley 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 Valley County

Income 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
60% of Median $27,660 $31,620 $35,580 $39,480 $42,660 $45,840 $48,960 $52,140

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 Valley County is $35,580 a year, or $2,965 a month. To determine the maximum rent in the table below we multiply the monthly maximum income, $2,965 by 30% to get a maximum rent of $890 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% $576 $618 $741 $856 $955 $1,053
60% $692 $741 $890 $1,027 $1,146 $1,264
Fair Market Rents in Valley 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.

2019 Fair Market Rents
Studio One BR Two BR Three BR Four BR
$553 $585 $774 $1,119 $1,272

Cities In Valley County

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

City Listings Served By
Mccall 5 The HUD funded Public Housing Agency that serves Mccall is the Southwestern Idaho Cooperative Housing Authority.
Cascade 2 The HUD funded Public Housing Agency that serves Cascade is the Southwestern Idaho Cooperative Housing Authority.
Donnelly 0 The HUD funded Public Housing Agency that serves Donnelly is the Southwestern Idaho Cooperative Housing Authority.
Yellow Pine 0 The HUD funded Public Housing Agency that serves Yellow Pine is the Southwestern Idaho Cooperative Housing Authority.
Smiths Ferry 0 The HUD funded Public Housing Agency that serves Smiths Ferry is the Southwestern Idaho Cooperative Housing Authority.