Affordable Housing In Pierre Part
Assumption Parish, Louisiana

1 Low Income Apartment Communities In Pierre Part

Oakgrove Apartments

119 Bankers Ct
Pierre Part, Louisiana
Subsidized
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Section 8 Vouchers, Apartments, and Waiting Lists in Pierre Part, 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 Pierre Part, Louisiana

Housing Authority Programs
Assumption Parish Police Jury Section 8 Housing Choice Voucher (HCV)

Guide To Affordable Housing in Pierre Part, Louisiana

There are 1 low income housing apartment communities offering 64 affordable apartments for rent in Pierre Part, Louisiana.

Income Based Apartments in Pierre Part, Louisiana

Pierre Part features 64 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 Pierre Part, Louisiana

There are 0 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Pierre Part.

Housing Choice Vouchers in Pierre Part, Louisiana

On average, Section 8 Housing Choice vouchers pay Pierre Part landlords $0 per month towards rent. The average voucher holder contributes $0 towards rent in Pierre Part.

The maximum amount a voucher would pay on behalf of a low-income tenant in Pierre Part, Louisiana for a two-bedroom apartment is between $664 and $812.

2022 Pierre Part, 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
Pierre Part, Louisiana Fair Market Rent $601 $648 $738 $1,019 $1,158
Pierre Part, Louisiana Payment Standard Range $541 to $661 $583 to $713 $664 to $812 $917 to $1,121 $1,042 to $1,274

Sourced from federal housing data and AffordableHousingOnline.com research.

Pierre Part, LA Affordable Housing Snapshot

Total Affordable Apartment Properties 1
Total Low Income Apartments 64
Total Housing Units with Rental Assistance 64
Percentage of Housing Units Occupied By Renters 9.71%
Average Renter Household Size 1.37
Average Household Size 2.34
Median Household Income $79,583 ±$13,690
Median Rent $668 ±$155
Percentage Of Renters Overburdened 0% ± 22.64pp
Total Population 2,555

Population and Household Demographics

Pierre Part is a city in Assumption Parish, Louisiana with a population of 2,555. There are 1,092 households in the city with an average household size of 2.34 persons. 9.71% of households in Pierre Part are renters.

Income and Rent Overburden in Pierre Part

The median gross income for households in Pierre Part is $79,583 a year, or $6,632 a month. The median rent for the city is $668 a month.

Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Pierre Part, a household making less than $2,227 a month would be considered overburdened when renting an apartment at or above the median rent. 0% of households who rent are overburdened in Pierre Part.

Area Median Income In Pierre Part

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 Pierre Part, the AMI is calculated from all households within Assumption Parish.

In Pierre Part, HUD calculates the Area Median Income for a family of four as $66,700

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 Pierre Part

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 Pierre Part

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 Pierre Part AMI may qualify for rental assistance programs that target Extremely Low Income households.
$14,000 $18,310 $23,030 $27,750 $32,470 $37,190 $41,400 $44,050
50% AMI Income Limits
Renters earning up to 50% of the Pierre Part AMI may qualify for rental assistance programs that target Very Low Income households.
$23,350 $26,700 $30,050 $33,350 $36,050 $38,700 $41,400 $44,050
80% AMI Income Limits
Renters earning up to 80% of the Pierre Part AMI may qualify for rental assistance programs that target Low Income households.
$37,350 $42,700 $48,050 $53,350 $57,650 $61,900 $66,200 $70,450