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Affordable Housing In Raceland
Lafourche Parish, Louisiana

2 Low Income Apartment Communities In Raceland

Elizabeth Square Apartments

100 Sycamore St
Raceland, Louisiana
Subsidized

Elizabeth Tne Apts

101 Sycamore St
Raceland, Louisiana
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Housing Authorities that serve Raceland

Housing Authority Programs
Lafourche Parish Housing Authority Section 8 Housing Choice Voucher (HCV)

Guide To Affordable Housing in Raceland, Louisiana

There are 2 low income housing apartment communities offering 56 affordable apartments for rent in Raceland, Louisiana.

Income Based Apartments in Raceland, Louisiana

Raceland features 56 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 Raceland, Louisiana

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

Housing Choice Vouchers in Raceland, Louisiana

On average, Section 8 Housing Choice vouchers pay Raceland landlords $500 per month towards rent. The average voucher holder contributes $400 towards rent in Raceland.

The maximum amount a voucher would pay on behalf of a low-income tenant in Raceland, Louisiana for a two-bedroom apartment is between $807 and $987.

2021 Raceland, 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
Raceland, Louisiana Fair Market Rent $664 $705 $897 $1,212 $1,401
Raceland, Louisiana Payment Standard Range $598 to $730 $635 to $776 $807 to $987 $1,091 to $1,333 $1,261 to $1,541

Sourced from federal housing data and AffordableHousingOnline.com research.

Raceland, LA Affordable Housing Snapshot

Total Affordable Apartment Properties 2
Total Low Income Apartments 56
Total Housing Units with Rental Assistance 56
Percentage of Housing Units Occupied By Renters 19.96%
Average Renter Household Size 2.46
Average Household Size 2.66
Median Household Income $41,987 ±$4,924
Median Rent $692 ±$74
Percentage Of Renters Overburdened 31.85% ± 12.18pp
Total Population 10,556

Population and Household Demographics

Raceland is a city in Lafourche Parish, Louisiana with a population of 10,556. There are 3,933 households in the city with an average household size of 2.66 persons. 19.96% of households in Raceland are renters.

Income and Rent Overburden in Raceland

The median gross income for households in Raceland is $41,987 a year, or $3,499 a month. The median rent for the city is $692 a month.

Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Raceland, a household making less than $2,307 a month would be considered overburdened when renting an apartment at or above the median rent. 31.85% of households who rent are overburdened in Raceland.

Area Median Income In Raceland

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 Raceland, the AMI is calculated from all households within Lafourche Parish.

In Raceland, HUD calculates the Area Median Income for a family of four as $67,200

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 Raceland

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 Raceland

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 Raceland AMI may qualify for rental assistance programs that target Extremely Low Income households.
$13,800 $17,240 $21,720 $26,200 $30,680 $35,160 $39,640 $43,300
50% AMI Income Limits
Renters earning up to 50% of the Raceland AMI may qualify for rental assistance programs that target Very Low Income households.
$23,000 $26,250 $29,550 $32,800 $35,450 $38,050 $40,700 $43,300
80% AMI Income Limits
Renters earning up to 80% of the Raceland AMI may qualify for rental assistance programs that target Low Income households.
$36,750 $42,000 $47,250 $52,500 $56,700 $60,900 $65,100 $69,300