Affordable Housing In Lake County

82 Low Income Apartment Communities In Lake County

Scattered Sites

1301 E Columbus Dr
East Chicago, IN

Windsor Square Apartments

430 S Grand Blvd
Gary, IN
HCV Welcome

American Heartland Homes One

1402 173rd St
Hammond, IN
HCV Welcome

Gardens on Carolina

525 Carolina St
Gary, IN
Elderly Supportive Housing

Dalton Apartments

131 E 5th Ave
Gary, IN
HCV Welcome

Gary Urban Enterprise Association, Inc

500 Vermont St
Gary, IN
HCV Welcome

Northtown Village Townhomes II

3637 Main St
East Chicago, IN
HCV Welcome

Douglas Pointe Phase I Apartments

5525 Hyles Blvd
Hammond, IN
HCV Welcome

15 Waltham St

15 Waltham St
Hammond, IN
HCV Welcome

224 E Ridge Road

224 E Ridge Rd
Gary, IN
HCV Welcome

Other Housing Authorities located in Lake County

Housing Authority Programs
Hammond Housing Authority Section 8 Housing Choice Voucher (HCV); Public Housing; Family Self-Sufficiency
Gary Housing Authority Section 8 Housing Choice Voucher (HCV); Public Housing
East Chicago Housing Authority Section 8 Housing Choice Voucher (HCV); Public Housing
Northwest Indiana Community Action Section 8 Housing Choice Voucher (HCV)

Guide To Affordable Housing in Lake County, Indiana

There are 82 low income housing apartment communities offering 9,705 affordable apartments for rent in Lake County, Indiana. Lake County features 7,009 low income apartments with rental assistance where households typically pay no more than 30% of their income towards rent. Additionally, there are 2,696 other low income apartments that don't provide direct rental assistance but remain affordable to low income households in Lake County.

Sourced from federal housing data and research.

Lake County, IN Affordable Housing Snapshot

Total Affordable Apartment Properties 82
Total Low Income Apartments 9,705
Total Housing Units with Rental Assistance 7,009
Percentage of Housing Units Occupied By Renters 31.14%
Average Renter Household Size 2.53
Average Household Size 2.65
Median Household Income $50,135 ±$639
Median Rent $819 ±$10
Percentage Of Renters Overburdened 47.55% ± 1.81pp
Total Population 491,596

Population and Household Demographics

Lake County is a County in Indiana with a population of 491,596. There are 183,314 households in the county with an average household size of 2.65 persons. 31.14% of households in Lake County are renters.

Income and Rent Overburden in Lake County

The median gross income for households in Lake County is $50,135 a year, or $4,178 a month. The median rent for the county is $819 a month.

Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Lake County, a household making less than $2,730 a month would be considered overburdened when renting an apartment at or above the median rent. 47.55% of households who rent are overburdened in Lake County.1

Area Median Income In Lake 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 Lake County, 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 Lake 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 Lake County HUD Rental Assistance in Lake County

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 Lake County

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, 28 low income apartment communities containing 3,501 rental apartments have been constructed and made affordable to low income persons in Lake 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 Lake County

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

Cities In Lake County

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

City Listings Served By
Gary 41 The HUD funded Public Housing Agency that serves Gary is the Gary Housing Authority.
Merrillville 12 The HUD funded Public Housing Agency that serves Merrillville is the Gary Housing Authority.
Hammond 12 The HUD funded Public Housing Agency that serves Hammond is the Hammond Housing Authority.
Crown Point 1
East Chicago 14 The HUD funded Public Housing Agency that serves East Chicago is the East Chicago Housing Authority.
Cedar Lake 0
Lowell 0
Hobart 2
Highland 0
Schererville 0
Whiting 0
Dyer 0
Griffith 0
Lake Dalecarlia 0
Lakes of the Four Seasons 0
Lake Station 0
Munster 0
New Chicago 0
St. John 0
Schneider 0
Shelby 0
Winfield 0