Affordable Housing In Greenwood County
Kansas

4 Low Income Apartment Communities In Greenwood County

Magic Circle Village

301 Magic Circle Rd
Eureka, KS
Subsidized

Pleasant View Village

201 Bluestem Dr
Madison, KS
Subsidized

Pleasant View Village

Blue Stem Dr
Madison, KS

Fall River Housing

Park And Greenwood
Fall River, KS
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Guide To Affordable Housing in Greenwood County, Kansas

According to federal housing data and AffordableHousingOnline.com research, there are 4 low income housing apartment communities offering 96 affordable apartments for rent in Greenwood County, Kansas. Greenwood County features 64 low income apartments with rental assistance where households typically pay no more than 30% of their income towards rent. Additionally, there are 32 other low income apartments that don't provide direct rental assistance but remain affordable to low income households in Greenwood County.

Greenwood County, KS Affordable Housing Snapshot

Total Affordable Apartment Properties 4
Total Low Income Apartments 96
Total Housing Units with Rental Assistance 64
Percentage of Housing Units Occupied By Renters 22.63%
Average Renter Household Size 2.16
Average Household Size 2.23
Median Household Income $38,838 ±$2,724
Median Rent $522 ±$18
Percentage Of Renters Overburdened 34.74% ± 7.39pp
Total Population 6,393

Population and Household Demographics

Greenwood County is a County in Kansas with a population of 6,393. There are 2,824 households in the county with an average household size of 2.23 persons. 22.63% of households in Greenwood County are renters.

Income and Rent Overburden in Greenwood County

The median gross income for households in Greenwood County is $38,838 a year, or $3,237 a month. The median rent for the county is $522 a month.

Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Greenwood County, a household making less than $1,740 a month would be considered overburdened when renting an apartment at or above the median rent. 34.74% of households who rent are overburdened in Greenwood County.1

Area Median Income In Greenwood 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 Greenwood County, HUD calculates the Area Median Income for a family of four as $57,000

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 Greenwood 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 Greenwood County HUD Rental Assistance in Greenwood County

Income 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
30% of Median $12,950 $16,910 $21,330 $25,750 $30,170 $34,590 $38,150 $40,600
50% of Median $21,550 $24,600 $27,700 $30,750 $33,250 $35,700 $38,150 $40,600
80% of Median $34,450 $39,400 $44,300 $49,200 $53,150 $57,100 $61,050 $64,950
Low Income Housing Tax Credits in Greenwood County

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

From 1991 to 1991, 1 low income apartment communities containing 24 rental apartments have been constructed and made affordable to low income persons in Greenwood 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 Greenwood County

Income 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
50% of Median $21,550 $24,600 $27,700 $30,750 $33,250 $35,700 $38,150 $40,600
60% of Median $25,860 $29,520 $33,240 $36,900 $39,900 $42,840 $45,780 $48,720

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 Greenwood County is $33,240 a year, or $2,770 a month. To determine the maximum rent in the table below we multiply the monthly maximum income, $2,770 by 30% to get a maximum rent of $831 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% $539 $577 $693 $800 $893 $984
60% $647 $692 $831 $960 $1,071 $1,181
Fair Market Rents in Greenwood 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
$524 $601 $714 $959 $1,061

Cities In Greenwood County

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

City Listings Served By
Eureka 1
Madison 2
Climax 0
Fall River 1
Hamilton 0
Severy 0
Virgil 0