Affordable Housing In Broussard
Lafayette Parish, Louisiana

3 Low Income Apartment Communities In Broussard

Eola Manor

1205 Landry Garber Rd
Broussard, Louisiana

Ridgeview Apartments

125 Ridgeview Dr
Broussard, Louisiana
Subsidized

Village South Apartments

910 S. Morgan Rd
Broussard, Louisiana
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Guide To Affordable Housing in Broussard, Louisiana

There are 3 low income housing apartment communities offering 160 affordable apartments for rent in Broussard, Louisiana.

Income Based Apartments in Broussard, Louisiana

Broussard features 88 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 Broussard, Louisiana

There are 72 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Broussard.

Housing Choice Vouchers in Broussard, Louisiana

On average, Section 8 Housing Choice vouchers pay Broussard landlords $500 per month towards rent. The average voucher holder contributes $200 towards rent in Broussard.

The maximum amount a voucher would pay on behalf of a low-income tenant in Broussard, Louisiana for a two-bedroom apartment is between $801 and $979.

2022 Broussard, Louisiana 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
Broussard, Louisiana Fair Market Rent $608 $781 $890 $1,202 $1,387
Broussard, Louisiana Payment Standard Range $547 to $669 $703 to $859 $801 to $979 $1,082 to $1,322 $1,248 to $1,526

Sourced from federal housing data and AffordableHousingOnline.com research.

Broussard, LA Affordable Housing Snapshot

Total Affordable Apartment Properties 3
Total Low Income Apartments 160
Total Housing Units with Rental Assistance 88
Percentage of Housing Units Occupied By Renters 27.88%
Average Renter Household Size 2.63
Average Household Size 2.61
Median Household Income $66,124 ±$7,568
Median Rent $787 ±$73
Percentage Of Renters Overburdened 31.59% ± 16pp
Total Population 9,637

Population and Household Demographics

Broussard is a city in Lafayette Parish, Louisiana with a population of 9,637. There are 3,634 households in the city with an average household size of 2.61 persons. 27.88% of households in Broussard are renters.

Income and Rent Overburden in Broussard

The median gross income for households in Broussard is $66,124 a year, or $5,510 a month. The median rent for the city is $787 a month.

Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Broussard, a household making less than $2,623 a month would be considered overburdened when renting an apartment at or above the median rent. 31.59% of households who rent are overburdened in Broussard.

Area Median Income In Broussard

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 Broussard, the AMI is calculated from all households within Lafayette Parish.

In Broussard, HUD calculates the Area Median Income for a family of four as $72,100

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 Broussard

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 Broussard

1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
30% AMI Income Limits
Renters earning up to 30% of the Broussard AMI may qualify for rental assistance programs that target Extremely Low Income households.
$14,350 $17,420 $21,960 $26,500 $31,040 $35,580 $40,120 $44,660
50% AMI Income Limits
Renters earning up to 50% of the Broussard AMI may qualify for rental assistance programs that target Very Low Income households.
$23,950 $27,400 $30,800 $34,200 $36,950 $39,700 $42,450 $45,150
80% AMI Income Limits
Renters earning up to 80% of the Broussard AMI may qualify for rental assistance programs that target Low Income households.
$38,300 $43,800 $49,250 $54,700 $59,100 $63,500 $67,850 $72,250