Affordable Housing In Iberia Parish
Louisiana

31 Low Income Apartment Communities In Iberia Parish

Iberia Place

1512 Southport Blvd.
New Iberia, Louisiana
Disabled Supportive Housing

Candlewood Estates

2560 Pelican Ct
Jeanerette, Louisiana
Call For Rent
3-4 BR

St Dominic Place

Bayard St
New Iberia, Louisiana
Subsidized
62+
Accessible
Elderly Supportive Housing

St Catherines Manor

103 Saint Catherine St
Loreauville, Louisiana
Subsidized
62+
Accessible
Elderly Supportive Housing

Bacmonila Garden Apartments

344 Frederick St
New Iberia, Louisiana
Subsidized

Iberia Elderly Housing

712 Bayard St
New Iberia, Louisiana
Subsidized
62+
Accessible
Elderly Supportive Housing

Southside Village

416 Martin Luther King Dr
Jeanerette, Louisiana
Subsidized

Jefferson Terrace

712 Jefferson Ter
New Iberia, Louisiana
Subsidized
Accessible
Accessible
Disabled Supportive Housing

St Agnes Manor

105 John Durocher Dr
Jeanerette, Louisiana
Subsidized
62+
Accessible
Elderly Supportive Housing

St Augustine Manor

800 Bayard St
New Iberia, Louisiana
Subsidized
62+
Accessible
Elderly Supportive Housing

Section 8 Vouchers, Apartments, and Waiting Lists in Iberia 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 Iberia Parish, Louisiana

Housing Authority Programs
Iberia Parish Government Section 8 Housing Choice Voucher (HCV)

Guide To Affordable Housing in Iberia Parish, Louisiana

There are 31 low income housing apartment communities offering 1,334 affordable apartments for rent in Iberia Parish, Louisiana.

Income Based Apartments in Iberia Parish, Louisiana

Iberia Parish features 941 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 Iberia Parish, Louisiana

There are 393 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Iberia Parish.

Housing Choice Vouchers in Iberia Parish, Louisiana

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

The maximum amount a voucher would pay on behalf of a low-income tenant in Iberia Parish, Louisiana for a two-bedroom apartment is between $745 and $911.

2022 Iberia 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
Iberia Parish, Louisiana Fair Market Rent $614 $629 $828 $1,054 $1,262
Iberia Parish, Louisiana Payment Standard Range $553 to $675 $566 to $692 $745 to $911 $949 to $1,159 $1,136 to $1,388

Sourced from federal housing data and AffordableHousingOnline.com research.

Iberia Parish, LA Affordable Housing Snapshot

Total Affordable Apartment Properties 31
Total Low Income Apartments 1,334
Total Housing Units with Rental Assistance 941
Percentage of Housing Units Occupied By Renters 29.5%
Average Renter Household Size 2.63
Average Household Size 2.77
Median Household Income $45,261 ±$1,707
Median Rent $657 ±$25
Percentage Of Renters Overburdened 37.53% ± 4.58pp
Total Population 73,938

Population and Household Demographics

Iberia Parish is a county in Louisiana with a population of 73,938. There are 26,345 households in the county with an average household size of 2.77 persons. 29.5% of households in Iberia Parish are renters.

Income and Rent Overburden in Iberia Parish

The median gross income for households in Iberia Parish is $45,261 a year, or $3,772 a month. The median rent for the county is $657 a month.

Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Iberia Parish, a household making less than $2,190 a month would be considered overburdened when renting an apartment at or above the median rent. 37.53% of households who rent are overburdened in Iberia Parish.

Area Median Income In Iberia 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 Iberia Parish, HUD calculates the Area Median Income for a family of four as $56,600

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 Iberia 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 Iberia 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 Iberia Parish AMI may qualify for rental assistance programs that target Extremely Low Income households.
$12,880 $17,420 $21,960 $26,500 $30,600 $32,850 $35,100 $37,400
50% AMI Income Limits
Renters earning up to 50% of the Iberia Parish AMI may qualify for rental assistance programs that target Very Low Income households.
$19,850 $22,650 $25,500 $28,300 $30,600 $32,850 $35,100 $37,400
80% AMI Income Limits
Renters earning up to 80% of the Iberia Parish AMI may qualify for rental assistance programs that target Low Income households.
$31,750 $36,250 $40,800 $45,300 $48,950 $52,550 $56,200 $59,800

Cities In Iberia Parish

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

City Served By
Delcambre The HUD funded Public Housing Agency that serves Delcambre is the Iberia Parish Government.
Jeanerette The HUD funded Public Housing Agencies that serve Jeanerette are the Jeanerette Public Housing Agency and Iberia Parish Government.
Loreauville The HUD funded Public Housing Agency that serves Loreauville is the Iberia Parish Government.
Lydia The HUD funded Public Housing Agency that serves Lydia is the Iberia Parish Government.
New Iberia The HUD funded Public Housing Agencies that serve New Iberia are the Housing Authority of New Iberia, City of New Iberia and Iberia Parish Government.