Affordable Housing In Shreveport
Caddo Parish, Louisiana

Shreveport city limits extend into  Bossier Parish and  Caddo Parish.

84 Low Income Apartment Communities In Shreveport

Mcadoo Hotel

1002 Texas Ave
Shreveport, LA
HCV Welcome

Coventry Place

4564 N Market St
Shreveport, LA
HCV Welcome

Fairmont Towers

726 Cotton St
Shreveport, LA
HCV Welcome

Greenwood Villa Townhomes

4430 Danny R Wimberly Dr
Shreveport, LA
HCV Welcome

Housing Authorities that serve Shreveport

Housing Authority Programs
Housing Authority of the City of Shreveport Section 8 Housing Choice Voucher (HCV); Public Housing
Bossier Parish Section 8 Housing Authority Section 8 Housing Choice Voucher (HCV)

Other Housing Authorities located in Shreveport

Housing Authority Programs
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

According to federal housing data and research, there are 84 low income housing apartment communities offering 5,333 affordable apartments for rent in Shreveport, Louisiana. Shreveport features 2,835 low income apartments with rental assistance where households typically pay no more than 30% of their income towards rent. Additionally, there are 2,498 other low income apartments that don't provide direct rental assistance but remain affordable to low income households in Shreveport.

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
Total Population 200,015

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
Low Income Housing Tax Credits in Shreveport

The Low-Income Housing Tax Credit (LIHTC) program aims to create affordable rental housing for low and very low income families.

From 1987 to 2008, 57 low income apartment communities containing 2,620 rental apartments have been constructed and made affordable to low income persons in Shreveport by the Low Income Housing Tax Credit Program.

If your income is less than 60% of the Area Median Income (AMI), you should not expect to pay more than the rent value for a unit in the table below. However, Affordable apartment communities that receive funding through the Low Income Housing Tax Credit program may have rental units that are not subject to income and rent limits.

Rent limits for the LIHTC Program are determined so that a household making the maximum income for the expected household size of the unit would only pay 30% of their income for rent.

Income Qualifications for Low Income Housing Tax Credit Apartments in Shreveport

Income 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
50% of Median $20,900 $23,850 $26,850 $29,800 $32,200 $34,600 $37,000 $39,350
60% of Median $25,080 $28,620 $32,220 $35,760 $38,640 $41,520 $44,400 $47,220

For example, the expected household size for a two bedroom apartment is 3 people. Using the table above, the maximum income for a 3 person household at 60% of the AMI in Shreveport is $32,220 a year, or $2,685 a month. To determine the maximum rent in the table below we multiply the monthly maximum income, $2,685 by 30% to get a maximum rent of $806 a month.

Rent for units in the LIHTC Program include a utility allowance which is determined by the average monthly cost of utilities paid directly by residents. This allowance has not been subtracted from the rents in the table below. These utility allowances are set on a property by property basis.

% of AMI Studio 1 Bed 2 Bed 3 Bed 4 Bed 5 Bed
50% $523 $559 $671 $775 $865 $954
60% $627 $671 $806 $930 $1,038 $1,145
Fair Market Rents in Shreveport

Fair Market Rents, often abbreviated as FMR, can be used to better understand the average housing costs of an area. Notably, Fair Market Rents are used to establish the payment standards for the Housing Choice Voucher Program, maximum rents in HOME financed rental projects and initial rents for Section 8 project based assistance.

2020 Fair Market Rents
Studio One BR Two BR Three BR Four BR
$612 $739 $861 $1,077 $1,248