Affordable Housing In Franklin Parish
9 Low Income Apartment Communities In Franklin Parish
Section 8 Vouchers, Apartments, and Waiting Lists in Franklin Parish, 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.
Households who qualify for these programs may also qualify for Project-Based Section 8, which contributes rental assistance payments directly to private landlords on behalf of low-income tenants. Eligibility for the project-based program is similar to the voucher programs, but waiting list and application policies will vary depending on the landlord.
Public Housing Agencies Serving Franklin Parish, Louisiana
|Franklin Parish Police Jury||Section 8 Housing Choice Voucher (HCV)|
Guide To Affordable Housing in Franklin Parish, Louisiana
There are 9 low income housing apartment communities offering 503 affordable apartments for rent in Franklin Parish, Louisiana.
Income Based Apartments in Franklin Parish, Louisiana
Franklin Parish features 292 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 Franklin Parish, Louisiana
There are 211 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Franklin Parish.
Housing Choice Vouchers in Franklin Parish, Louisiana
On average, Section 8 Housing Choice vouchers pay Franklin Parish landlords $500 per month towards rent. The average voucher holder contributes $300 towards rent in Franklin Parish.
The maximum amount a voucher would pay on behalf of a low-income tenant in Franklin Parish, Louisiana for a two-bedroom apartment is between $626 and $766.
2022 Franklin Parish, 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|
|Franklin Parish, Louisiana Fair Market Rent||$529||$532||$696||$882||$944|
|Franklin Parish, Louisiana Payment Standard Range||$476 to $582||$479 to $585||$626 to $766||$794 to $970||$850 to $1,038|
Sourced from federal housing data and AffordableHousingOnline.com research.
Franklin Parish, LA Affordable Housing Snapshot
|Total Affordable Apartment Properties||9|
|Total Low Income Apartments||503|
|Total Housing Units with Rental Assistance||292|
|Percentage of Housing Units Occupied By Renters||29.6%|
|Average Renter Household Size||2.67|
|Average Household Size||2.54|
|Median Household Income||$30,275 ±$3,181|
|Median Rent||$496 ±$45|
|Percentage Of Renters Overburdened||36.77% ± 6.44pp|
Population and Household Demographics
Franklin Parish is a county in Louisiana with a population of 20,550. There are 7,469 households in the county with an average household size of 2.54 persons. 29.6% of households in Franklin Parish are renters.
Income and Rent Overburden in Franklin Parish
The median gross income for households in Franklin Parish is $30,275 a year, or $2,523 a month. The median rent for the county is $496 a month.
Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Franklin Parish, a household making less than $1,653 a month would be considered overburdened when renting an apartment at or above the median rent. 36.77% of households who rent are overburdened in Franklin Parish.
Area Median Income In Franklin Parish
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 Franklin Parish, HUD calculates the Area Median Income for a family of four as $48,300
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 Franklin Parish
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 Franklin Parish
|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 Franklin Parish AMI may qualify for rental assistance programs that target Extremely Low Income households.
|50% AMI Income Limits
Renters earning up to 50% of the Franklin Parish AMI may qualify for rental assistance programs that target Very Low Income households.
|80% AMI Income Limits
Renters earning up to 80% of the Franklin Parish AMI may qualify for rental assistance programs that target Low Income households.
Cities In Franklin Parish
Select A City to View its Apartment Communities and Waiting Lists.
|Baskin||The HUD funded Public Housing Agency that serves Baskin is the Franklin Parish Police Jury.|
|Gilbert||The HUD funded Public Housing Agency that serves Gilbert is the Franklin Parish Police Jury.|
|Winnsboro||The HUD funded Public Housing Agencies that serve Winnsboro are the Housing Authority of the Town of Winnsboro and Franklin Parish Police Jury.|
|Wisner||The HUD funded Public Housing Agency that serves Wisner is the Franklin Parish Police Jury.|