Affordable Housing In Allen County
6 Low Income Apartment Communities In Allen County
Housing Authorities that serve Allen County
|Kentucky Housing Corporation||Section 8 Housing Choice Voucher (HCV)|
Guide To Affordable Housing in Allen County, Kentucky
There are 6 low income housing apartment communities offering 259 affordable apartments for rent in Allen County, Kentucky.
Income Based Apartments in Allen County, Kentucky
Allen County features 253 income based apartments. Tenants of income based apartments typically pay no more than 30% of their income towards rent and utilities.
Low Rent Apartments in Allen County, Kentucky
There are 6 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Allen County.
Housing Choice Vouchers in Allen County, Kentucky
On average, Section 8 Housing Choice vouchers pay Allen County landlords $700 per month towards rent. The average voucher holder contributes $300 towards rent in Allen County.
The maximum amount a voucher would pay on behalf of a low-income tenant in Allen County, Kentucky for a two-bedroom apartment is between $589 and $719.
2020 Allen County, Kentucky Fair Market Rents and Housing Choice Voucher Payment Standards
Fair Market Rents can be used to better understand the average housing costs of an area. Fair Market Rents are used by HUD to establish payment and rent standards for federal rental assistance programs like the Section 8 Housing Choice Voucher Program.
|Studio||One BR||Two BR||Three BR||Four BR|
|Fair Market Rent||$493||$497||$654||$869||$1,104|
|Payment Standard Range||$444 to $542||$447 to $547||$589 to $719||$782 to $956||$994 to $1,214|
Sourced from federal housing data and AffordableHousingOnline.com research.
Allen County, KY Affordable Housing Snapshot
|Total Affordable Apartment Properties||6|
|Total Low Income Apartments||259|
|Total Housing Units with Rental Assistance||253|
|Percentage of Housing Units Occupied By Renters||27.13%|
|Average Renter Household Size||2.67|
|Average Household Size||2.59|
|Median Household Income||$41,326 ±$3,445|
|Median Rent||$588 ±$79|
|Percentage Of Renters Overburdened||27.83% ± 5.9pp|
Population and Household Demographics
Allen County is a county in Kentucky with a population of 20,355. There are 7,774 households in the county with an average household size of 2.59 persons. 27.13% of households in Allen County are renters.
Income and Rent Overburden in Allen County
The median gross income for households in Allen County is $41,326 a year, or $3,444 a month. The median rent for the county is $588 a month.
Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Allen County, a household making less than $1,960 a month would be considered overburdened when renting an apartment at or above the median rent. 27.83% of households who rent are overburdened in Allen County.
Area Median Income In Allen 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 Allen County, HUD calculates the Area Median Income for a family of four as $54,500
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 Allen 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 HUD Rental Assistance in Allen County
|Income||1 Person||2 Person||3 Person||4 Person||5 Person||6 Person||7 Person||8 Person|
|30% of Median||$12,760||$17,240||$21,720||$26,200||$29,450||$31,650||$33,800||$36,000|
|50% of Median||$19,100||$21,800||$24,550||$27,250||$29,450||$31,650||$33,800||$36,000|
|80% of Median||$30,550||$34,900||$39,250||$43,600||$47,100||$50,600||$54,100||$57,600|