Affordable Housing In Finney County

7 Low Income Apartment Communities In Finney County

Mira Vista Apartments

1406 Harding Ave
Garden City, KS
Elderly Supportive Housing

Golden Plains II

200 Campus View Court
Garden City, KS
Disabled Supportive Housing

Mosaic - Garden City

3002 E Schulman Ave
Garden City, KS
Disabled Supportive Housing

Trails of Garden City

3601 Campus Dr
Garden City, KS
HCV Welcome

Campus View

310 College Dr
Garden City, KS
HCV Welcome

Pershing Manor and Redwood Place

606 Pershing Ave
Garden City, KS

Sabine House Gpd

201 Buffalo Jones Ave
Garden City, KS
HCV Welcome
  • «
  • 1
  • »

Other Housing Authorities located in Finney County

Housing Authority Programs
Garden City Housing Authority Public Housing

Guide To Affordable Housing in Finney County, Kansas

According to federal housing data and research, there are 7 low income housing apartment communities offering 335 affordable apartments for rent in Finney County, Kansas. Finney County features 164 low income apartments with rental assistance where households typically pay no more than 30% of their income towards rent. Additionally, there are 171 other low income apartments that don't provide direct rental assistance but remain affordable to low income households in Finney County.

Finney County, KS Affordable Housing Snapshot

Total Affordable Apartment Properties 7
Total Low Income Apartments 335
Total Housing Units with Rental Assistance 164
Percentage of Housing Units Occupied By Renters 37.86%
Average Renter Household Size 2.69
Average Household Size 2.90
Median Household Income $49,227 ±$2,165
Median Rent $689 ±$17
Percentage Of Renters Overburdened 30.71% ± 5.24pp
Total Population 37,133

Population and Household Demographics

Finney County is a County in Kansas with a population of 37,133. There are 12,600 households in the county with an average household size of 2.90 persons. 37.86% of households in Finney County are renters.

Income and Rent Overburden in Finney County

The median gross income for households in Finney County is $49,227 a year, or $4,102 a month. The median rent for the county is $689 a month.

Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Finney County, a household making less than $2,297 a month would be considered overburdened when renting an apartment at or above the median rent. 30.71% of households who rent are overburdened in Finney County.1

Area Median Income In Finney 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 Finney County, HUD calculates the Area Median Income for a family of four as $62,600

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 Finney 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 Finney County HUD Rental Assistance in Finney 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 $38,850 $41,350
50% of Median $21,950 $25,050 $28,200 $31,300 $33,850 $36,350 $38,850 $41,350
80% of Median $35,100 $40,100 $45,100 $50,100 $54,150 $58,150 $62,150 $66,150
Low Income Housing Tax Credits in Finney County

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

From 1995 to 1999, 3 low income apartment communities containing 171 rental apartments have been constructed and made affordable to low income persons in Finney 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 Finney County

Income 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
50% of Median $21,950 $25,050 $28,200 $31,300 $33,850 $36,350 $38,850 $41,350
60% of Median $26,340 $30,060 $33,840 $37,560 $40,620 $43,620 $46,620 $49,620

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 Finney County is $33,840 a year, or $2,820 a month. To determine the maximum rent in the table below we multiply the monthly maximum income, $2,820 by 30% to get a maximum rent of $846 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% $549 $588 $705 $814 $909 $1,003
60% $659 $705 $846 $977 $1,091 $1,203
Fair Market Rents in Finney 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
$579 $602 $790 $993 $1,126

Cities In Finney County

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

City Listings Served By
Garden City 7 The HUD funded Public Housing Agency that serves Garden City is the Garden City Housing Authority.
Holcomb 0