; Low Income Apartments For Rent in Colfax, LA

Apply to Colfax Apartment Waiting Lists

Pecan Grove Apartments

550 Farenzie Rd
Colfax, Louisiana
Rent Assisted

100 Hud Loop

100 Hud Loop
Colfax, Louisiana
Public Housing
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There are 24 low-income apartments in Colfax that offer reduced rents to eligible households.

Rental assistance programs support 90 low-income homes in Colfax where households pay rent based on how much they earn. For 2023, elgible households participating in federally assisted housing pay an average of $324 towards rent each month.

Affordable rent data for some communities last confirmed on October 30th, 2019. Subdsidized rents typically change once a year based on federal guidance.

Public Housing Agencies Serving Colfax, Louisiana

Public Housing Agencies operate federally assisted affordable housing programs at local levels on behalf of HUD. Notably, housing agencies are responsible for managing Section 8 Housing Choice Voucher, Public Housing, and Project-Based Voucher waiting lists within their jurisdiction.

Housing Authority Programs
Housing Authority of Grant Parish Section 8 Housing Choice Voucher (HCV); Public Housing
Housing Authority of the Town of Colfax Section 8 Housing Choice Voucher (HCV); Public Housing
Go to the Louisiana Public Housing and Low-Income Apartments Waiting Lists page for openings near Colfax.

Colfax, Louisiana Affordable Housing Data

Income Based Apartments in Colfax, Louisiana

Colfax features 90 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 Colfax, Louisiana

There are 24 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Colfax.

Housing Choice Vouchers in Colfax, Louisiana

On average, Section 8 Housing Choice vouchers pay Colfax landlords $500 per month towards rent. The average voucher holder contributes $300 towards rent in Colfax.

The maximum amount a voucher would pay on behalf of a low-income tenant in Colfax, Louisiana for a two-bedroom apartment is between $809 and $989.

2023 Colfax, 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
Colfax, Louisiana Fair Market Rent $601 $683 $899 $1,219 $1,307
Colfax, Louisiana Payment Standard Range $541 to $661 $615 to $751 $809 to $989 $1,097 to $1,341 $1,176 to $1,438

Sourced from federal housing data and AffordableHousingOnline.com research.

Colfax, LA Affordable Housing Snapshot

Total Affordable Apartment Properties 2
Total Low Income Apartments 114
Total Housing Units with Rental Assistance 90
Percentage of Housing Units Occupied By Renters 42.5%
Average Renter Household Size 2.65
Average Household Size 2.65
Median Household Income $24,479 ±$6,487
Median Rent $530 ±$98
Percentage Of Renters Overburdened 54.89% ± 17.26pp
Total Population 1,706

Population and Household Demographics

Colfax is a city in Grant Parish, Louisiana with a population of 1,706. There are 553 households in the city with an average household size of 2.65 persons. 42.5% of households in Colfax are renters.

Income and Rent Overburden in Colfax

The median gross income for households in Colfax is $24,479 a year, or $2,040 a month. The median rent for the city is $530 a month.

Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Colfax, a household making less than $1,767 a month would be considered overburdened when renting an apartment at or above the median rent. 54.89% of households who rent are overburdened in Colfax.

Area Median Income In Colfax

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 Colfax, the AMI is calculated from all households within Grant Parish.

In Colfax, HUD calculates the Area Median Income for a family of four as $62,800

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 Colfax

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 Colfax

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 Colfax AMI may qualify for rental assistance programs that target Extremely Low Income households.
$14,580 $19,720 $24,860 $30,000 $33,950 $36,450 $38,950 $41,450
50% AMI Income Limits
Renters earning up to 50% of the Colfax AMI may qualify for rental assistance programs that target Very Low Income households.
$22,000 $25,150 $28,300 $31,400 $33,950 $36,450 $38,950 $41,450
80% AMI Income Limits
Renters earning up to 80% of the Colfax AMI may qualify for rental assistance programs that target Low Income households.
$35,200 $40,200 $45,250 $50,250 $54,300 $58,300 $62,350 $66,350