Affordable Housing In Gary
Lake County, Indiana

41 Low Income Apartment Communities In Gary

805 Maryland

805 Maryland St
Gary, IN
HCV Welcome

Scattered Sites

5049 W 19th Ave
Gary, IN

Delaney Community

819 W 21st Ave
Gary, IN


5535 E 4th Ave
Gary, IN

Horace Mann Apartments

612 Adams St
Gary, IN

Lake Shore Landings

415 N Lake St
Gary, IN
HCV Welcome

Aetna Emerson Housing Project

500 Georgia St
Gary, IN
HCV Welcome

Horace Mann Hope VI Development

660 Washington St
Gary, IN
HCV Welcome

Madison Ave Townhomes

1352 Jefferson St
Gary, IN
HCV Welcome

805 Adams St

805 Adams St
Gary, IN
HCV Welcome

Housing Authorities that serve Gary

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

Guide To Affordable Housing in Gary, Indiana

There are 41 low income housing apartment communities offering 5,658 affordable apartments for rent in Gary, Indiana. Gary features 4,290 low income apartments with rental assistance where households typically pay no more than 30% of their income towards rent. Additionally, there are 1,368 other low income apartments that don't provide direct rental assistance but remain affordable to low income households in Gary.

Sourced from federal housing data and research.

Gary, IN Affordable Housing Snapshot

Total Affordable Apartment Properties 41
Total Low Income Apartments 5,658
Total Housing Units with Rental Assistance 4,290
Percentage of Housing Units Occupied By Renters 48.82%
Average Renter Household Size 2.67
Average Household Size 2.52
Median Household Income $28,020 ±$1,263
Median Rent $728 ±$18
Percentage Of Renters Overburdened 53.49% ± 3.1pp
Total Population 78,483

Population and Household Demographics

Gary is a City in Lake County, Indiana with a population of 78,483. There are 30,814 households in the city with an average household size of 2.52 persons. 48.82% of households in Gary are renters.

Income and Rent Overburden in Gary

The median gross income for households in Gary is $28,020 a year, or $2,335 a month. The median rent for the city is $728 a month.

Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Gary, a household making less than $2,427 a month would be considered overburdened when renting an apartment at or above the median rent. 53.49% of households who rent are overburdened in Gary.1

Area Median Income In Gary

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 Gary, the AMI is calculated from all households within Lake County.

In Gary, HUD calculates the Area Median Income for a family of four as $72,800

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 Gary

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 Gary HUD Rental Assistance in Gary

Income 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
30% of Median $15,300 $17,500 $21,330 $25,750 $30,170 $34,590 $39,010 $43,430
50% of Median $25,500 $29,150 $32,800 $36,400 $39,350 $42,250 $45,150 $48,050
80% of Median $40,800 $46,600 $52,450 $58,250 $62,950 $67,600 $72,250 $76,900
Low Income Housing Tax Credits in Gary

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

From 1987 to 2011, 15 low income apartment communities containing 1,962 rental apartments have been constructed and made affordable to low income persons in Gary 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 Gary

Income 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
50% of Median $25,500 $29,150 $32,800 $36,400 $39,350 $42,250 $45,150 $48,050
60% of Median $30,600 $34,980 $39,360 $43,680 $47,220 $50,700 $54,180 $57,660

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 Gary is $39,360 a year, or $3,280 a month. To determine the maximum rent in the table below we multiply the monthly maximum income, $3,280 by 30% to get a maximum rent of $984 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% $638 $683 $820 $947 $1,056 $1,165
60% $765 $820 $984 $1,136 $1,268 $1,398
Fair Market Rents in Gary

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
$597 $746 $917 $1,143 $1,292