Affordable Housing In Shreveport
84 Low Income Apartment Communities In Shreveport
Housing Authorities that serve Shreveport
|Housing Authority of the City of Shreveport||Section 8 Housing Choice Voucher (HCV); Public Housing|
|Bossier Parish Housing Authority||Section 8 Housing Choice Voucher (HCV); Homeownership Voucher; Veteran Affairs Supportive Housing (VASH)|
Other Housing Authorities located in Shreveport
|Caddo Parish Commission||Section 8 Housing Choice Voucher (HCV)|
|Community Support Programs Inc.||Section 8 Housing Choice Voucher (HCV)|
Guide To Affordable Housing in Shreveport, Louisiana
There are 84 low income housing apartment communities offering 5,333 affordable apartments for rent in Shreveport, Louisiana.
Income Based Apartments in Shreveport, Louisiana
Shreveport features 2,835 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 Shreveport, Louisiana
There are 2,498 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Shreveport.
Housing Choice Vouchers in Shreveport, Louisiana
On average, Section 8 Housing Choice vouchers pay Shreveport landlords $500 per month towards rent. The average voucher holder contributes $300 towards rent in Shreveport.
The maximum amount a voucher would pay on behalf of a low-income tenant in Shreveport, Louisiana for a two-bedroom apartment is between $775 and $947.
2020 Shreveport, 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|
|Fair Market Rent||$612||$739||$861||$1,077||$1,248|
|Payment Standard Range||$551 to $673||$665 to $813||$775 to $947||$969 to $1,185||$1,123 to $1,373|
Sourced from federal housing data and AffordableHousingOnline.com research.
Shreveport, LA Affordable Housing Snapshot
|Total Affordable Apartment Properties||84|
|Total Low Income Apartments||5,333|
|Total Housing Units with Rental Assistance||2,835|
|Percentage of Housing Units Occupied By Renters||44.41%|
|Average Renter Household Size||2.49|
|Average Household Size||2.52|
|Median Household Income||$38,583 ±$1,359|
|Median Rent||$757 ±$17|
|Percentage Of Renters Overburdened||48.74% ± 2.23pp|
Population and Household Demographics
Shreveport is a City in Caddo Parish, Louisiana with a population of 200,015. There are 77,500 households in the city with an average household size of 2.52 persons. 44.41% of households in Shreveport are renters.
Income and Rent Overburden in Shreveport
The median gross income for households in Shreveport is $38,583 a year, or $3,215 a month. The median rent for the city is $757 a month.
Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Shreveport, a household making less than $2,523 a month would be considered overburdened when renting an apartment at or above the median rent. 48.74% of households who rent are overburdened in Shreveport.1
Area Median Income In Shreveport
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 Shreveport, the AMI is calculated from all households within Caddo Parish.
In Shreveport, HUD calculates the Area Median Income for a family of four as $57,500
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 Shreveport
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 Shreveport HUD Rental Assistance in Shreveport
|Income||1 Person||2 Person||3 Person||4 Person||5 Person||6 Person||7 Person||8 Person|
|30% of Median||$12,550||$16,910||$21,330||$25,750||$30,170||$34,590||$37,000||$39,350|
|50% of Median||$20,900||$23,850||$26,850||$29,800||$32,200||$34,600||$37,000||$39,350|
|80% of Median||$33,400||$38,200||$42,950||$47,700||$51,550||$55,350||$59,150||$63,000|