Affordable Housing In Alcona County
Michigan

4 Low Income Apartment Communities In Alcona County

Housing Authorities that serve Alcona County

Housing Authority	Programs
Michigan State Housing Development Authority	Section 8 Housing Choice Voucher (HCV); Homeownership Voucher; Family Self-Sufficiency; Veteran Affairs Supportive Housing (VASH); Section 8 Project-Based Voucher (PBV)

Guide To Affordable Housing in Alcona County, Michigan

There are 4 low income housing apartment communities offering 161 affordable apartments for rent in Alcona County, Michigan.

Income Based Apartments in Alcona County, Michigan

Alcona County features 161 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 Alcona County, Michigan

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

Housing Choice Vouchers in Alcona County, Michigan

On average, Section 8 Housing Choice vouchers pay Alcona County landlords $600 per month towards rent. The average voucher holder contributes $300 towards rent in Alcona County.

The maximum amount a voucher would pay on behalf of a low-income tenant in Alcona County, Michigan for a two-bedroom apartment is between $642 and $784.

2020 Alcona County, Michigan 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	$609	$619	$713	$950	$1,004
Payment Standard Range	$548 to $670	$557 to $681	$642 to $784	$855 to $1,045	$904 to $1,104

Sourced from federal housing data and AffordableHousingOnline.com research.

Alcona County, MI Affordable Housing Snapshot

Total Affordable Apartment Properties	4
Total Low Income Apartments	161
Total Housing Units with Rental Assistance	161
Percentage of Housing Units Occupied By Renters	10.94%
Average Renter Household Size	2.26
Average Household Size	2.08
Median Household Income	$38,033 ±$1,749
Median Rent	$609 ±$30
Percentage Of Renters Overburdened	34.37% ± 5.84pp
Total Population	10,550

Population and Household Demographics

Alcona County is a county in Michigan with a population of 10,550. There are 5,001 households in the county with an average household size of 2.08 persons. 10.94% of households in Alcona County are renters.

Income and Rent Overburden in Alcona County

The median gross income for households in Alcona County is $38,033 a year, or $3,169 a month. The median rent for the county is $609 a month.

Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Alcona County, a household making less than $2,030 a month would be considered overburdened when renting an apartment at or above the median rent. 34.37% of households who rent are overburdened in Alcona County.

Area Median Income In Alcona County

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 Alcona County, HUD calculates the Area Median Income for a family of four as $52,200

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 Alcona County

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 Alcona County

Income	1 Person	2 Person	3 Person	4 Person	5 Person	6 Person	7 Person	8 Person
30% of Median	$13,450	$17,240	$21,720	$26,200	$30,680	$35,160	$39,640	$42,200
50% of Median	$22,400	$25,600	$28,800	$31,950	$34,550	$37,100	$39,650	$42,200
80% of Median	$35,800	$40,900	$46,000	$51,100	$55,200	$59,300	$63,400	$67,500